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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. trillion by 2025, a 300% increase since 2015 1. Yet, boardroom focus on cyber risk appears to be diminishing.

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Best Third-Party Risk Management (TPRM) Tools of 2021

eSecurity Planet

BitSight is a Leader in the Forrester Wave report for Cybersecurity Risk Rating Platforms in 2021. Black Kite is a Contender in the Forrester Wave report for Cybersecurity Risk Rating Platforms in 2021. OneTrust made our list, see who else did in the Top Cybersecurity Companies for 2021. BitSight Security Ratings Platform.

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Regulatory Update: NAIC Summer 2022 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2022 National Meeting (Summer Meeting) August 9–13, 2022. The Privacy Working Group has been reviewing state insurance privacy protections regarding the collection, ownership, use, and disclosure of information gathered in connection with insurance transactions.

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How Defence in Depth Can Help Organisations Tackle Complex Cyber Security Risks

IT Governance

According to Cisco’s 2022 Cybersecurity Almanac , the amount of money organisations spend recovering from cyber attacks is expected to increase by 75% in the five-year period from 2021 to 2025, reaching as much as $10.5 trillion (about £8.9 trillion). . Stage 4: Response. How to adopt defence in depth.

Risk 100
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Automated Security and Compliance Attracts Venture Investors

eSecurity Planet

IDC expects GRC spending to hit $15 billion by 2025. In the case of Lemonade – an online insurance company – it spent over 200 hours on the process. “I remember the first time we were asked for a SOC 2 report, which quickly became the minimum bar requirement in our industry for proof of an effective security program,” he said.

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Why More Businesses are Switching from Legacy to Modern MDM

Reltio

Some of the world's top enterprises now run on Reltio, including 14 of the Fortune 100, and 9 of the top 10 pharmaceutical companies and several globally recognized customers, including AstraZeneca, Takeda, Empire Life Insurance, and Fulton Bank, switched from legacy to modern MDM solutions. There is a better way.

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What is a Cyberattack? Types and Defenses

eSecurity Planet

The 2022 SonicWall Cyber Threat Report found that all types of cyberattacks increased in 2021. trillion by 2025, according to the report Cyberwarfare in the C-Suite from Cybersecurity Ventures. Capital markets, insurance, financial services, and banking are now online. Also read: Best Antivirus Software of 2022. Ransomware.