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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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Report: Cyber Insurance Not Driving Ransomware Market

SecureWorld News

-based Royal United Services Institute (RUSI) for Defence and Security Studies conducted an extensive 12-month research project , which aimed to examine the role of cyber insurance in addressing the threats posed by ransomware. RUSI's research challenges the notion that cyber insurance is a direct catalyst for ransomware.

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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. Balonis Frank Balonis , CISO, Kiteworks By 2025, 75% of the global population will be protected under privacy laws, including U.S.

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Security Affairs newsletter Round 494 by Pierluigi Paganini – INTERNATIONAL EDITION

Security Affairs

CISA adds Fortinet products and Ivanti CSA bugs to its Known Exploited Vulnerabilities catalog Nation-state actor exploited three Ivanti CSA zero-days Dutch police dismantled dual dark web market ‘Bohemia/Cannabia’ macOS HM Surf flaw in TCC allows bypass Safari privacy settings Iran-linked actors target critical infrastructure organizations (..)

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2023 Cybersecurity Predictions from Marcus Fowler, Darktrace

CyberSecurity Insiders

A look ahead to 2023 we can expect to see changes in MFA, continued Hactivism from non-state actors, CISOs lean in on more proactive security and crypto-jackers will get more savvy. In 2023, we are likely to see an increase in cloud-enabled data exfiltration in ransomware scenarios in lieu of encryption.

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#ISC2CONGRESS – Lessons Learned from the Baltimore Ransomware Attack

CyberSecurity Insiders

When trying to log on to their computers, users were getting a message saying the systems had been encrypted with Ransom.Robinhood ransomware. On the business side, the plan should address elements such as having a communication plan for the CISO, CIO and company executives as well as a risk management component that includes cyber insurance.

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Ransomware and Cyber Extortion in Q3 2024

Digital Shadows

Meow” took fourth place in Q3 2024, shifting its tactics from data encryption to selling stolen data on cybercriminal forums and its own data-leak site. Cyber insurance makes these regions more attractive targets, as attackers believe that insured organizations are more likely to pay to minimize operational impact.