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

The Last Watchdog

The economic impact of cybercrime on business across the globe continues to reach new levels, with the cost predicted to reach US$10.5 Yet, boardroom focus on cyber risk appears to be diminishing. In 2024, it is predicted to remain at 27% whilst business preparedness for this risk continues to decline.

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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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How MSPs Help Small Businesses with Essential Cyber Insurance Cover

Duo's Security Blog

This is especially true if the company looking for cover hasn’t taken adequate enough steps to minimize cyber risks itself. As I covered in my other blog — Cyber Liability Insurance Essentials for Small and Medium-Sized Enterprises — there are several approaches firms can take to increase their chances of obtaining a policy.

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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. Such a situation is our reality right now – and it is both highly problematic and not sustainable.

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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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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Understanding the Cost of Cybersecurity Breaches for Small Businesses

Cytelligence

Small businesses are increasingly becoming prime cyberattack targets in today’s interconnected world. While large corporations often make headlines when they fall victim to cybercrime, the impact on small businesses can be equally devastating, if not more so.