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The shift to digital experiences and customer service in industries that were historically only brick-and-mortar underscores how rapid digitaltransformation expands the attack surface for cybercriminals. It's a stark reminder that digitaltransformation needs to work alongside equally robust cybersecurity measures.
Now toss in the fact that digitaltransformation is redoubling software development and data handling complexities. LW: How has ‘digitaltransformation’ exacerbated the need for SOAR? Sutton: Digitaltransformation is a big driver for SOAR. LW: What key innovations does Syncurity bring to the table?
This is partly driven by cyberinsurance and a growing number of organizations seeing this insurance as a business necessity: "Although cyberinsurance policies existed since early 2000, ransomware attacks are one of the main reasons for the increased interest in this type of insurance during the last 5 years.
State and local governments are not immune to the digitaltransformation so their dependence on IT is as high as it’s ever been,” says Ananth. As Ananth explained, the city did two things right: they had cyberinsurance and they didn’t pay the ransom. If all politics are local, elections are even more so. Election threat.
Even with ransomware costing billions of dollars in losses and cyberinsurance claims, organizations are still impacted beyond the checkbook. These attacks have driven the cost of cyberinsurance premiums higher. Cyberinsurance has become more critical to organizations to help offset the risk to the company.
Imposing just the right touch of policies and procedures towards mitigating cyber risks is a core challenge facing any company caught up in digitaltransformation. Related: Data breaches fuel fledgling cyberinsurance market. Digitaltransformation is all about high-velocity innovation and on-the-fly change.
These were just some of the major facets of cloud transformation that are creating challenges for data security that I discussed with Sunil Potti, Vice President and General Manager, Google Cloud in a recent Thales Security Sessions podcast moderated by Neira Jones. The digitaltransformation “mega trends”.
Related: HBO hack spurs cyberinsurance market. Digital media and entertainment giants like Netflix, Amazon, Hulu, HBO, ESPN, Sony, and Disney are obsessive about protecting their turf. Over the past couple of decades, some amazing advances in locking down software code have quietly unfolded in, of all places, Hollywood.
VPNs are stressed, remote desktops are stressed, servers continue to be upgraded, fiber, 5g and other high speed internet technologies are bringing the digitaltransformation to the world at the most rapid pace. With this amazingly fast digitaltransformation, the rewards should outweigh the risks.
It doesn’t matter how good their cyber hygiene, endpoint protection or event analytics are. The post XM Cyber’s Cybersecurity Predictions for 2023 appeared first on Cybersecurity Insiders. “Despite the plethora of reactive tools that are meant to stop a breach while in progress, organizations will continue to be breached.
In some cases, attackers are even leveraging the threat of regulatory actions or causing cyberinsurance policies to be rendered moot by reporting lapses in security on the part of the victim to regulators and insurers.
And digitaltransformation could spark zero-trust projects.". New Cyber Security Trends and Predictions for 2023 – "We witnessed many cyberattacks in 2022, making it quite a turbulent year for cyber security globally.
Click here to watch the roundtable and learn about the future of cyberinsurance from leading experts. In partnership with Cysurance, BlastWave hosted a roundtable entitled “The Future of CyberInsurance and MSP Insurability. The expert panelists held an honest discussion about insurability difficulties for MSPs.
So we have to be a little pragmatic also when it comes to drawing boundaries… as digitaltransformation takes over OT, OT and IT get closer together.” Colonial Pipeline also heightened discussion about the influence of ransomware attacks on cyberinsurance. Production requires business operations.”.
Many airports today are engaged in multiple and large-scale digitaltransformation efforts, such as moving IT data to the cloud, sharing real-time flight and ground status with airport workers, and even implementing a BYOD (bring-your-own-device) policy for employees.
94% said identity investments are part of strategic initiatives including cloud adoption (62%), Zero Trust implementation (51%) and digitaltransformation initiatives (42%). Identity growth continues, making identity a top security priority. Identity-related attacks rising and impactful, but preventable.
In this episode of the podcast (#117), we go deep on one of the hottest sectors around: cyberinsurance. In the first segment, we talk with Thomas Harvey of the firm RMS about the problem of “silent cyber” risk to insurers and how better modeling of cyber incidents is helping to address that threat.
As a result, organizations can make more informed decisions to incorporate security best practices, track compliance to minimize risk of regulatory penalties and build trust among investors and cyberinsurance underwriters.
Accelerate your DigitalTransformation: Data privacy and governance programs enable you to secure data and establish the framework for digitaltransformation. Better Insurance Rates: Cyberinsurance providers include data security in their actuarial analysis.
” CyberInsurance No Longer Reliable. ” Crockett said unofficial numbers indicate that only about 10 percent of such cyberinsurance claims are paid out. ” Crockett said unofficial numbers indicate that only about 10 percent of such cyberinsurance claims are paid out.
Just like in previous years, 2024 is set to test practitioners’ skills as the frequency of cyber threats continues to surge leaving no room for complacency. DigitalTransformation In 2024, several trends are expected to shape the landscape of digitaltransformation. Here are my predictions for 2024.
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