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Zero Trust Architecture (ZTA) Expands The Zero Trust model, which focuses on verifying every person and device attempting to access a system, is gaining ground as a best practice in cybersecurity. Insurance Becomes a Necessity The rise of high-profile cyberattacks has led to increased demand for cyberinsurance.
The State of Cybersecurity in Canada 2025 report, published by the Canadian Cybersecurity Network (CCN) and the Security Architecture Podcast , delivers an in-depth analysis of the evolving threat landscape, emerging risks, and strategic recommendations for Canadian organizations. Key findings: the cyber threat landscape in 2025 1.
A zero-trust architecture with continuous authorization might be the preferred option for some, but a traditional security framework can provide adequate security for many. Is the attack small enough that we do not need to file a cyberinsurance claim? Ransomware Security. We must cover the basics. The FBI discourages payment.
Some industries saw particularly high growth of double-extortion attacks, including healthcare (643%), food service (460%), mining (229%), education (225%), media (200%), and manufacturing (190%). Use a zero trust architecture to secure internal applications, making them invisible to attackers. Have a response plan.
However, this stance indicates a lack of understanding of the effects of all the parties involved, such as cyberinsurance underwriters, incident response firms, government regulations, and ransomware attribution. For many organizations, paying the ransom can be less damaging than risking any additional impacts.
A ransomware attack is about as bad as a cyber attack can get. It can shut down your business – in the case of healthcare organizations that can be life-threatening for patients – damage your reputation with customers and employees, and invite further attacks as cybercriminals view your organization as an easy mark. Ransomware facts.
Zero Trust Architecture (ZTA) Expands The Zero Trust model, which focuses on verifying every person and device attempting to access a system, is gaining ground as a best practice in cybersecurity. Insurance Becomes a Necessity The rise of high-profile cyberattacks has led to increased demand for cyberinsurance.
Cyber criminals have learned that it is not only businesses that make soft targets for the attacks. Hospitals and healthcare organizations are being infected by ransomware, with predictably dire results. If you have a cyberinsurer , they will have their own processes for responding to any cyber attack.
Implement strong network segmentation, zero trust architecture, least privilege access controls, and VPNs to strictly limit lateral movement. Identify cyberinsurance policies and ensure they align to business needs regarding ransomware attacks and data leaks. Don't let patching lag. Seek adequate coverage.
government and others, we are still no closer to seeing zero trust architecture widely adopted. I am very surprised that the cyberinsurance industry has not required zero trust architecture already, but perhaps the $1.4 I am waiting for the insurance companies to mandate zero trust for the organizations they insure.
Don’t worry though, there's already an insurance policy for that. What is Cyber Liability Insurance? Cyber liability insurance, sometimes known as cyberinsurance, is distinct from traditional commercial general liability and property insurance policies.
Regulators who oversee other industries will adopt these requirements for healthcare, financial services, utilities, etc., CyberInsurers, regulators and customers will expect these controls to be present, regardless of public or private status. and expected controls for those environments will follow.
Not just your traditional modern enterprise software, but also in areas of critical infrastructure, in automotive and energy and healthcare, where especially devices are going on be on-premise, they’re going to be embedded in systems that might have a long lifespan and it’s very important to know what’s under the hood.”.
Sectors like energy, healthcare, transportation, utilities, and financial systems are increasingly at risk because they are integral to national security and daily life. CyberInsuranceCyberinsurance will become an essential component of risk management strategies.
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