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News alert: Beazley reports on how AI, new tech distract businesses as cyber risk intensifies

The Last Watchdog

London, July 13, 2023 — Beazley, the leading specialist insurer, today published its latest Risk & Resilience report: Spotlight on: Cyber & Technology Risks 2023. The economic impact of cybercrime on business across the globe continues to reach new levels, with the cost predicted to reach US$10.5

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GUEST ESSAY: Why internal IT teams are ill-equipped to adequately address cyber risks

The Last Watchdog

Every industry is dealing with a myriad of cyber threats in 2024. It seems every day we hear of another breach, another scam, another attack on anything from a small business to a critical aspect of our nation’s infrastructure.

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CyberSecurity Is Not Enough: Businesses Must Insure Against Cyber Losses

Joseph Steinberg

And even relatively rich organizations may fail altogether if they suffer the reputational harm that follows multiple serious cyber-incidents. Not only are they not protected against their own losses, but many have zero liability protection in the event that they somehow become a hacker’s catalyst for inflicting cyber-damage on others.

Insurance 364
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'Cybersecure My Business' Program Trains SMB Owners to Manage Cyber Risk

SecureWorld News

The National Cybersecurity Alliance has launched Cybersecure My Business, a training program for non-technical owners and operators of small- to medium-sized businesses (SMBs) on how to manage cyber risk in their business.

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How MSPs Help Small Businesses with Essential Cyber Insurance Cover

Duo's Security Blog

It will be unsurprising that because of this demand, insurers are particularly careful how they build their policies to minimize their risk from large cyber events. This is especially true if the company looking for cover hasn’t taken adequate enough steps to minimize cyber risks itself.

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Complete Guide to Cybersecurity for Small Businesses

eSecurity Planet

Are you prepared to defend against the rising tide of cyber threats? If you’re a small business owner, it’s crucial to understand the significance of cybersecurity and the steps needed to safeguard your data, customers, and company reputation.

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7 Insights About Managing Cyber Risk You Can’t Afford To Miss

Jane Frankland

trillion in global value will be at risk from cyberattacks. That’s businesses that believe they’ve invested enough in cybersecurity (but haven’t) and/or are overconfident and think they won’t be targeted (but are). Last year, according to Verizon, 43% of cyberattacks targeted small businesses. billion by 2022. INSIGHT #2.