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Note: In an article that I am writing together with Mark Lynd, Head of Digital Business at NETSYNC, and that will appear on this website next week, we will discuss some of the important Considerations when purchasing cyberinsurance.
As we approach 2025, the cybersecurity landscape is evolving rapidly, shaped by technological advancements, regulatory shifts, and emerging threats. By 2027, 75% of employees are expected to acquire or modify technology outside of ITs control, up from 41% in 2022. To keep up, organizations must stay ahead of these developments.
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. These industries include consumer businesses, healthcare, and financialservices.
NYSE: NET), the security, performance, and reliability company helping to build a better Internet, today announced it is partnering with leading cyberinsurance companies to help businesses manage their risks online. As a result, some insurance companies have had to raise premiums to cover their costs.
SOAR, if you haven’t heard, is a hot new technology stack that takes well-understood data mining and business intelligence analytics methodologies — techniques that are deeply utilized in financialservices, retailing and other business verticals – and applies them to cybersecurity. Sutton: Syncurity has several innovations.
In the private sector, he was a CISO for an insurance company, credit card processor, bank, credit union, and IT Managed Service Provider. He has also succeeded in other IT risk management roles in the financialservices, technology, telecom, and logistics industries. He lives in Seattle with his wife and six kids.
Department of Treasury on March 27th released a report titled "Managing Artificial Intelligence-Specific Cybersecurity Risks in the FinancialServices Sector." The report highlights the growing concern around artificial intelligence (AI) and its potential to introduce new cybersecurity threats to the financial industry.
This article is sponsored by iBynd which enables MSP’s, Cybersecurity companies, Cloud providers and other technology and FinancialService companies to seamlessly integrate a Cyber Liability Insurance product offering to their Small and Medium sized business customers.
.–( BUSINESS WIRE )–Acrisure, a fast-growing fintech leader that operates a top-10 global insurance broker, announced the formation of Acrisure CyberServices. Businesses in every industry face complex cyber risk, particularly the millions of small and midsize companies comprising much of Acrisure’s client base.
are subject to laws such as the Health Insurance Portability and Accountability Act (HIPAA) and the Health Information Technology for Economic and Clinical Health Act (the HITECH Act), as well as regulations such as the Clinical Laboratory Improvements Amendments (CLIA). Financial Data Protection Laws.
The 48 recommended actions provide guidance for dealing with the complexities of the ransomware epidemic, from the role of cyberinsurance, to cryptocurrency, to safe havens for threat actors. About The Institute for Security and Technology. To read the RTF report, [link].
As we approach 2025, the cybersecurity landscape is evolving rapidly, shaped by technological advancements, regulatory shifts, and emerging threats. By 2027, 75% of employees are expected to acquire or modify technology outside of ITs control, up from 41% in 2022. To keep up, organizations must stay ahead of these developments.
Ransomware, a definition Ransomware is a set of malware technologies, hacking techniques, and social engineering tactics that cybercriminals use to cause harm, breach data, and render data unusable. Some can’t afford not to pay, and some are covered by cyberinsurance. Should I get a ransomware cyberinsurance policy?
This article looks at the top 40 cybersecurity startups to watch in 2022 based on their innovations in new and emerging technologies, length of operation, early funding rounds, scalability, and more. Cowbell Cyber. Some of the best cybersecurity companies are longtime technology stalwarts. SECURITI.ai.
Once your micro-perimeters surround your most sensitive segments, there’s a need for ongoing monitoring and adaptive technology. This includes active tagging of workloads, threat hunting , and virus assessments, and consistent evaluation of traffic for mission-critical applications, data, or services. Adaptive Monitoring and Tagging.
Governments are recognizing that their technology footprint extends beyond their network edge, and that their ability to function depends on their third (and fourth and fifth) party ecosystem. Regulators who oversee other industries will adopt these requirements for healthcare, financialservices, utilities, etc.,
The goal is to exploit trusted technology partners –SolarWinds, by leveraging software updates; USAID, through the email marketing service – to gain access to large numbers of victim organizations and steal data. . ” Further reading: CyberInsurers Pull Back Amid Increase in Cyber Attacks, Costs.
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