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Insight #1 "If we learned anything from RSA, AI is the new buzzword like “BigData” or “Zero Trust.” It’s as bad as charging more for SSO if you are charging more for logs." Insight #3 "Having good cyberinsurance is another layer of the security onion that organizations should be taking advantage of.
Lastly, Accenture confirms it has cyberinsurance, but if it is under-insured, the business could still face significant impacts from a cyberattack and the resulting litigation: These monetary damages might not be subject to a contractual limit of liability or an exclusion of consequential or indirect damages and could be significant.
The school district’s cyberinsurance provided free credit monitoring, but many parents were still puzzled by how to report the problem and what steps they should take next to protect their children. How can you protect children against a malignant data leak after it has already happened?
A Look at Some Numbers 31% of the participating European insurance firms were utilizing AI across the entire value chain, and another 24% were in the “proof of concept” stage, according to EIOPA’s 2018 thematic study on the use of bigdata analytics in health and auto insurance. trillion to $4.4
Regional Disparities in Data Breach Costs The United States emerges with a significantly higher average cost of $9.4 million per bigdata breach. The top five countries and regions for the highest average cost of a cyber security breach in 2023 were as follows: the US ($9.4 This reflects a 2.3% surge from 2020.
Lightspeed’s enterprise sectors beyond cybersecurity include bigdata, SaaS, crypto, and IT services. Also read : Top CyberInsurance Companies. In 1999, four investment professionals founded Lightspeed Ventures to serve entrepreneurs in enterprise and consumer markets. Honorable Mention Cybersecurity VCs.
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