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CFOs ignoring billions of dollars loss incurred through Cyber Risks

CyberSecurity Insiders

Chief Financial Officers aka CFOs are ignoring billions of dollars loss incurred through cyber risks and threats, says a survey. CFOs also should take part in simulations and training conducted by companies meant to evaluate their cyber security strengths and susceptibilities- as a part of the proactive security approach.

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Cyber Insurance and the Changing Global Risk Environment

Security Affairs

When security fails, cyber insurance can become crucial for ensuring continuity. Cyber has changed everything around us – even the way we tackle geopolitical crisis and conflicts. Our reliance on digital technology and the inherited risk is a key driving factor for buying cyber risk insurance.

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As market for cyber insurance booms, watchdog calls for better data

SC Magazine

In a report released May 20, the Government Accountability Office looked at how the private cybersecurity insurance market has developed over the past five yearsRich Baich is global chief information security officer for insurance giant AIG. Photo by Spencer Platt/Getty Images).

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

The Last Watchdog

Seara Jose Seara , CEO, DeNexus Recent regulatory updates highlight a shift toward robust cyber risk governance, requiring organizations to adapt. emphasizes governance, while the SEC mandates cyber risk reporting and incident disclosures. Success lies in balancing regulatory demands with proactive security innovation.

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Scanning for Flaws, Scoring for Security

Krebs on Security

Is it fair to judge an organization’s information security posture simply by looking at its Internet-facing assets for weaknesses commonly sought after and exploited by attackers, such as outdated software or accidentally exposed data and devices? the security posture of vendor partners). How useful is such a score?

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How the ransomware explosion is reshaping the cyber insurance market

SC Magazine

.” While ultimately driven by the bottom line, he still believed the approach to be “good for businesses as, through the insurance process, they will gain better visibility into their cyber risks and measures they can deploy to keep digital operations secure and compliant to data privacy regulations.”.

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Zurich chief warned that cyber attacks will become uninsurable

Security Affairs

With the increase in the number of cyber attacks, a growing number of organizations opted to transfer the cyber risk by underwriting cyber insurance. On May 2021, Ireland’s Health Service Executive service shut down its IT systems after they were hit with a “significant ransomware attack.”.