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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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Hidden costs incurred after being targeted by ransomware attacks

CyberSecurity Insiders

As soon as we hear or read about a ransomware attack on a company, we are in a state of mind that the business needs to pay only the ransom in order to avoid a loss to its data continuity on a permanent loss. But we never think or bother about the hidden/unexpected costs that a file encrypting malware attack brings with it.

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Education Sector has Seen a 44% Rise in Cyber Attacks Since 2021

CyberSecurity Insiders

These attacks also tend to be more successful in access and payout in the event of ransom demands, with 74% of attacks ending successfully for hackers. Here are a few prime examples of cyber-attacks in the education sector. Cyber insurance. Albuquerque, New Mexico hit with a one-two punch. Conclusion.

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Cyberinsurance companies don’t want to pay out for “acts of war”

Malwarebytes

Due to the evolving and growing impact of cybersecurity incidents there are some questions starting to arise about the way that insurance companies deal with the costs that are the results of such incidents. But cyber insurance comes in different flavors and sizes. Lloyd’s of London.

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SHARED INTEL Q&A: My thoughts and opinions about cyber threats — as discussed with OneRep

The Last Watchdog

Kapczynski Erin: Could you share your thoughts on the role of artificial intelligence, machine learning and the growth of IoT devices in both cyber defense and cyberattacks? Erin: Do you think cyber insurance should play a bigger role in companies’ cybersecurity strategies? Byron: It’s an important risk management tool.

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After Springhill: Assessing the Impact of Ransomware Lawsuits

eSecurity Planet

Cyber Insurance No Longer Reliable. ” Crockett said unofficial numbers indicate that only about 10 percent of such cyber insurance claims are paid out. ” Crockett said unofficial numbers indicate that only about 10 percent of such cyber insurance claims are paid out. Ransomware Liability.

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Play ransomware group claims to have stolen hotel chain data

Malwarebytes

From the H-Hotel release : “ unknown persons carried out a cyber attack on the IT network of the hotel company H-Hotels.com, which led to restrictions in digital communication. The cyber attack was discovered by the hotel company's IT security systems on Sunday. Another day, another ransomware press release.