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

The Last Watchdog

The data shows how perceptions around cyber and technology risks, from ransomware and other cyber-attacks to the threats posed by AI, are changing the global business risk landscape. The economic impact of cybercrime on business across the globe continues to reach new levels, with the cost predicted to reach US$10.5

Risk 161
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GUEST ESSAY: Advanced tools are ready to help SMBs defend Microsoft 365, Google Workspace

The Last Watchdog

According to a recent report , small businesses (defined as those with under 250 employees) receive the highest rate of targeted malicious emails at one in every 323 emails, and 87 percent of those businesses hold customer data that could be targeted in an attack. This is a harmful misconception.

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Business ID Theft Soars Amid COVID Closures

Krebs on Security

Identity thieves who specialize in running up unauthorized lines of credit in the names of small businesses are having a field day with all of the closures and economic uncertainty wrought by the COVID-19 pandemic, KrebsOnSecurity has learned. But the same crime can be far more costly and damaging when thieves target small businesses.

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

The Last Watchdog

Librizzi “Furthermore, Converge’s operational efficiency allows us to target small business through the program, complementing business we write through our retail Cyber practice,” she says. More information about the program is available at qbe.com/us/specialty/converge. Best and “A+” by Standard & Poor’s.

Insurance 155
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MY TAKE: Why email security desperately needs retooling in this post-Covid 19, GenAI era

The Last Watchdog

It’s a digital swindle as old as the internet itself, and yet, as the data tells us, the vast majority of security incidents are still rooted in the low-tech art of social engineering. One types of email-borne exposure that continues to gut-punch companies large and small is Business Email Compromise (BEC) fraud.

Security 171
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Small Business Grants as Phishbait

KnowBe4

INKY has published a report on the use of small business grants as phishing lures. Scammers are impersonating the US Small Business Administration (SBA) to distribute phony grant applications hosted on Google Forms.

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New CyberCatch Research Discovers Alarming Increase in Cyber Vulnerabilities for Small and Medium Sized Businesses in US and Canada

Dark Reading

For the first time, CyberCatch's SMBVR detected significant vulnerability to 'session riding' attacks among North American SMBs.

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