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The post Are CyberInsurers Cybersecurity’s New Enforcers? appeared first on Security Boulevard. That means cyberattacks targeting enterprises and individuals are happening at a rate of about one attack every few seconds. The average ransom payment made by a business to.
There’s a frantic scramble going on among those responsible for networksecurity at organizations across all sectors. Related: Why we’re in the Golden Age of cyber espionage. Demisto launched in May 2016. Based in Bethesda, MD, Syncurity recently announced the close of its $2 million institutional investment round.
Take cyberinsurance , for example. Cyberinsurance can prevent local governments from having to pay huge out of pocket costs in the event that they’re hit with a cyberattack. In Michigan’s Cyber Partners Program , for example, local communities receive services from a CISO-level consultant.
Howard Taylor, CISO of Radware, goes so far as to call it the “death of trust.” Company reputation is not only of interest to current and potential customers, but it’s also important to market analysts, lenders, and insurance companies. And they may not even be aware that they have them.
As these regulations scale, expect to see more legal cases and fines on companies and CISOs particularly from the SEC, like the SolarWinds and CISCO, Tim Brown, case. It emphasises the need for CISOs to provide comprehensive and accurate reports, ensuring that no important details are overlooked.
CISO Perceptions A critical blind spot for CISOs and cyber risk owners is the divergence in perceptions of their security stack’s effectiveness between leadership and technical teams. These policies emphasise consumer data protection, networksecurity, and incident reporting.
That headache is real, of course, but accountants and lawyers will step up to sort it out," said Mike Wilkes , Former CISO, MLS; Adjunct Professor, NYU. Thinking a bit more widely, though, I can imagine there will be a concomitant rise in cyber espionage and attacks between groups of impacted groups in China and the U.S.
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