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GUEST ESSAY: Cyber insurance 101 — for any business operating in today’s digital environment

The Last Watchdog

Cyberattacks are becoming more prevalent, and their effects are becoming more disastrous. To help mitigate the risk of financial losses, more companies are turning to cyber insurance. These risks are normally not covered by a general liability policy, which includes coverage only for injuries and property damage.

Insurance 222
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Top 5 Cyber Security Risks for Businesses

IT Governance

In an increasingly digital world, there are an escalating number of cyber security risks for business to address. IT Governance identified more than 1,200 publicly disclosed data breaches in 2021 , while another report found that security incidents cost almost £3 million on average. Poor patch management.

Risk 144
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Top 8 Cyber Insurance Companies for 2022

eSecurity Planet

That’s where cyber insurance may be able to help. According to the Ponemon Institute and IBM, the global average cost of a data breach is $4.24 And costs can be much higher for some industries and geographic locations (including the United States). Cyber Insurance is Booming. Ransomware Drives Up Costs, Lowers Coverage.

Insurance 119
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How Secure Is Cloud Storage? Features, Risks, & Protection

eSecurity Planet

It’s a scalable and cost-effective storage solution for businesses offered through a subscription service. When assessing the overall security of cloud storage and choosing a solution tailored to your business, it helps to determine its features, potential risks, security measures, and other considerations.

Cloud 125
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Healthcare Cyberattacks Lead to Increased Mortality, Lower Patient Care: Ponemon Study

eSecurity Planet

Nearly a quarter of healthcare organizations hit by ransomware attacks experienced an increase in patient mortality, according to a study from Ponemon Institute and Proofpoint released today. Also read: After Springhill: Assessing the Impact of Ransomware Lawsuits. Healthcare Cyberattacks Common – And Costly.

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Q&A: SolarWinds, Mimecast hacks portend intensified third-party, supply-chain compromises

The Last Watchdog

SolarWinds and Mimecast are long-established, well-respected B2B suppliers of essential business software embedded far-and-wide in company networks. Remember how the WannaCry and NotPetya worms signaled the trajectory of ransomware, which has since become an enduring, continually advancing operational hazard ? Certificate compromises.

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Best Disaster Recovery Solutions for 2022

eSecurity Planet

Disaster recovery (DR) and business continuity have been an essential aspect of enterprise IT for decades. But more recently, a lot more has been put on the DR plate. Ransomware has now emerged as one of the key reasons to have a DR plan and DR technology in place. Also see the Best Business Continuity Solutions.