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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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Work from home increases Cyber Threats on Enterprises

CyberSecurity Insiders

Department for Digital, Culture, Media and Sport (DCMS) of UK conducted the survey and came to the above stated conclusion that shows how relaxed are businesses for cyber security. And sometimes cyber criminals are using email services to trick employees into making fraudulently large financial transfers via new business deals or contracts.

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Higher Ed Ransomware Attack: University Pays Hackers $450,000

SecureWorld News

The end result was hefty payment: "After careful consideration, the university decided to work with its cyber insurance provider to pay a fee to the ransomware attacker. It had cyber insurance: "The university’s cyber insurance policy paid part of the ransom, and the university covered the remainder.

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Security Roundup July 2024

BH Consulting

He added that IT professionals relying on strong passwords or the ability to spot phishing isn’t enough. Sadly, making things mandatory is often the most effective way to manage this risk. Cyber insurance: whisper it, but it seems to be working Cyber insurance premiums have dropped by 15 per cent compared to their peak in 2022.

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Healthcare Cybersecurity Market Soars: Key Trends and Insights

SecureWorld News

Regulatory and compliance pressures: Regulators have taken note of healthcare's cyber risks, and new rules are forcing the issue. Many healthcare providers now undergo annual security audits and risk assessments as required by regulators or cyber insurance providers.

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5 Trends to Watch for Cybersecurity in 2023

SecureWorld News

Cyber insurance trends in 2023. As the three previous trends discussed how certain aspects of the cybersecurity industry will continue to grow in 2023, expect the same from the cyber insurance market. Security leaders will start integrating human risk management into their overall security strategy.

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Top Cyber Attacker Techniques, August–October 2024

Digital Shadows

Initial Access Broker (IAB) activity increased by 16% during the reporting period, heavily targeting US-based organizations due to perceived financial capability from cyber insurance. For instance, disable password-saving in web browsers via Group Policy Management to prevent credential theft.