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Cyber Insurance Costs Soaring: Is Your Organization Covered Enough?

SecureWorld News

In this digital battlefield, cyber insurance has emerged as a crucial shield, offering financial protection against data breaches, ransomware attacks, and other cyber incidents. This rapid ascent begs the question: what's driving the price hike, and are businesses fully prepared for the escalating cost of cyber defense?

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Top 10 Cybersecurity Trends to Expect in 2025

Hacker's King

Companies will adopt stricter identity verification and access controls, ensuring that even internal users face rigorous authentication processes. Quantum Computing Threats While quantum computing offers immense potential, it also poses a serious risk to traditional encryption methods.

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Top Cybersecurity Trends to Watch Out For in 2025

Centraleyes

By focusing on identity and access management (IAM), multi-factor authentication (MFA), and micro-segmentation, ZTA provides a robust defense against modern threats. Expect to see more investments in privacy-enhancing technologies (PETs) such as encryption, anonymization, and data masking.

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MSPs: Becoming the Trusted Cyber Insurance Advisor

Duo's Security Blog

In its modern iteration, cyber liability insurance mitigates the losses and business costs associated with cyber incidents and resulting downtime. CyberCube, a company specializing in quantifying cyber risk, estimates that the U.S. standalone cyber insurance market could reach $45 billion in premiums by 2034.

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LW ROUNDTABLE: Compliance pressures intensify as new cybersecurity standards take hold

The Last Watchdog

Part three of a four-part series In 2024, global pressure on companies to implement advanced data protection measures intensified, with new standards in encryption and software transparency raising the bar. Tech companies are adopting cybersecurity by design, embedding encryption, biometrics, and multi-factor authentication into products.

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The rise of multi-threat ransomware

Malwarebytes

The video covers how ransomware made the leap from “just” encrypting your files to double- or even triple-threat ransomware. Keeping the enemy at the gate The video finishes with a run through some of the ways organisations can avoid the perils of ransomware, and the realisation that cyber insurance may not solve every problem.

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Higher Ed Ransomware Attack: University Pays Hackers $450,000

SecureWorld News

The University had servers encrypted but restored the systems and the access from backups. Why pay if you have restored access to your encrypted system, the way the University of Utah was able to do? It had cyber insurance: "The university’s cyber insurance policy paid part of the ransom, and the university covered the remainder.