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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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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.

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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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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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News Alert: QBE North America launches new cyber insurance program with Converge

The Last Watchdog

•ConvergeElements™ offers primary and excess cyber coverage through select agents and brokers for companies with up to $100 million in revenue. ConvergeConnect™ offers primary cyber coverage through prequalified technology provider partnerships for companies with up to $750 million in revenue.

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GUEST ESSAY: How ‘DPIAs” — data privacy impact assessments — can lead SMBs to compliance

The Last Watchdog

It’s often difficult for small businesses to invest significantly in data privacy compliance or security measures because they don’t have large budgets. In fact, many SMBs have to choose between investing in new technology and making payroll.

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

Jane Frankland

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. Hackers are creative, adaptive, resourceful, and business-like. But know this.