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Cyberattacks are not only a technological problem for companies, but they also represent a very real financial threat. That’s where cyberinsurance may be able to help. But there’s a catch: Insurers are going to carefully assess your cybersecurity controls before writing any policy, and there are limits to coverage.
In today’s world, both smallbusinesses and everyday consumers face a growing number of cyberthreats. OpenText’s 2024 Threat Hunter Perspective sheds light on what’s coming next and how to protect yourself. Scammers love to take advantage of busy times to trick people into clicking malicious links.
Trends of cyberinsurance claims for 2020. Coalition, a cyberinsurance company, recently released a report detailing the categories of cyber attacks as well as the cause behind the attacks for the first half of 2020. The company says that ransomware accounted for 41% of cyber claims. Cyberinsurance works.
In today’s world, both smallbusinesses and everyday consumers face a growing number of cyberthreats. OpenText’s 2024 Threat Hunter Perspective sheds light on what’s coming next and how to protect yourself. Scammers love to take advantage of busy times to trick people into clicking malicious links.
The cyberthreat landscape keeps evolving at lightning-speed. According to the latest 2022 BrightCloud® Threat Report , small to medium-sized businesses (SMBs) are particularly vulnerable to becoming a victim of a ransomware attack. Ransomware, malware and phishing threats keep evolving.
And imposing rules on businesses can sometimes result in penalizing the victims. The government has options, but none of them are easy or fast,” said Michael Daniel, former White House cybersecurity coordinator and current president and CEO of the CyberThreat Alliance. They will still pay, but it will be illegal.
The impact will be felt well beyond the involved countries of Canada, USA, Mexico, and China," said Kenrick Bagnall , Founder, KONCYBER & RB-Cyber Assurance; Royal Candian Mounted Police (RCMP) Contractor/Instructor; Toronto Police Service (Cybercrime Unit) (Ret.). " Increase red-team exercises to simulate nation-state attack scenarios.
Threat Actors Cybersecurity threats are growing more complex and persistent, driven by the heightened activities of nation-state actors and increasingly sophisticated cybercrime groups. Critical infrastructure face heightened risk from targeted disruptions, as do smallbusinesses who are the backbone of the economy.
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