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CrowdStrike: Lessons on the Importance of Contracts, Insurance and Business Continuity

IT Governance

According to Parametrix , an insurance company specialising in Cloud outages, cyber insurance policies likely cover up to 10–20% of losses only. That’s a 48-digit password – 8 pairs of 6 digits. Then there’s insurance. In just a few days, between 18 and 22 July, CrowdStrike ($CRWD) lost 23.1% of its share price.

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CyberheistNews Vol 13 #20 [Foot in the Door] The Q1 2023's Top-Clicked Phishing Scams | INFOGRAPHIC

KnowBe4

Learn about the real risks of weak passwords, why password management is key to building a strong security culture, and our best advice on how to protect your users and your organization. I've also talked quite a bit about cyber insurance and the recent trends. Grimes , Data-Driven Defense Evangelist. billion by 2027. "3x

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NYDFS Imposes Fine of $5 Million on Carnival for Cybersecurity Breaches

Hunton Privacy

Since Carnival was licensed by the Department to sell insurance in NY State, it was treated as a covered entity under the Cybersecurity Regulation. In addition to the monetary penalty of $5 million, NYDFS also accepted Carnival’s surrender of its insurance producer license; thus, Carnival has ceased selling insurance in New York.

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Top 5 Cyber Security Risks for Businesses

IT Governance

This is a security mechanism that requires people to enter a second piece of information in addition to a password in order to log on. Weak passwords. For all the advancements that organisations have made to secure their systems, password practices remain a huge problem. Passwords are usually compromised in one of two ways.

Risk 143
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9 cyber security predictions for 2022

IT Governance

Cyber insurance will become more popular and more comprehensive. It’s led to a growing trend for organisations to purchase cyber insurance, which Forbes contributor Emil Sayegh believes will continue in 2022. This market squeeze will certainly affect the cyber insurance industry itself. “We

Security 142
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9 Topics to Cover in Your Privacy Awareness Training Program

KnowBe4

That’s why it’s important to implement a privacy awareness training program so all your employees can actively protect sensitive data. We’ve narrowed down nine topics that you should cover in your privacy training program to establish a risk-aware culture in which your employees see data protection as second nature. How to label data.

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How One Company Survived a Ransomware Attack Without Paying the Ransom

eSecurity Planet

Cyber Insurer Provides Help. As Spectra Logic had the foresight to take out cyber insurance , Chubb representatives were professional and helpful, according to Mendoza. Chubb set the company up with Ankura, a cybersecurity recovery specialist that has also trained the FBI on cybersecurity. Most had been infected.