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How Much Cyber Liability Insurance Do You Need?

IT Governance

Cyber liability insurance helps organisations cover the financial costs of a data breach. Without insurance, organisations spend £3.6 million on average recovering from security incidents. By purchasing cyber liability insurance, organisations gain the resources they need at a fraction of the cost.

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Why Cyber Insurance is Essential in 2022

IT Governance

Organisations must always look for cost-effective ways to address the cyber security risks they face. With more than 1,200 publicly disclosed data breaches last year , and organisations spending almost £3 million on average responding to security incidents , effective risk management is a top priority.

Insurance 137
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CIAM in insurance: A unified, secure user experience with a single login

Thales Cloud Protection & Licensing

CIAM in insurance: A unified, secure user experience with a single login madhav Fri, 05/26/2023 - 07:33 In recent years, the insurance industry has transformed from a singularly focused entity to a multi-brand or multi-service type of business. Adding value to the user experience (a top priority for 59% of insurers) 2.

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List of data breaches and cyber attacks in August 2021 – 61 million records breached

IT Governance

It has been another month of comparatively few reported cyber attacks and data breaches, with our August list containing 84 incidents accounting for 60,865,828 breached records. You can that incident, along with our full list of cyber attacks and data breaches, below – with those affecting UK organisations listed in bold.

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ROUNDTABLE: Why T-Mobile’s latest huge data breach could fuel attacks directed at mobile devices

The Last Watchdog

At the start of this week, word got out that hackers claimed to have seized personal data for as many as 100 million T-Mobile patrons. This stolen booty reportedly included social security numbers, phone numbers, names, home addresses, unique IMEI numbers, and driver’s license information. Josh Shaul, CEO, Allure Security.

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Cyber Insurers Pull Back Amid Increase in Cyber Attacks, Costs

eSecurity Planet

The explosion of ransomware and similar cyber incidents along with rising associated costs is convincing a growing number of insurance companies to raise the premiums on their cyber insurance policies or reduce coverage, moves that could further squeeze organizations under siege from hackers. Insurers Assessing Risks.

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List of data breaches and cyber attacks in July 2020 ­– 77 million records breached

IT Governance

You can find our full list of publicly disclosed data breaches from July in this blog. Canadian insurer Heartland Farm Mutual says an employee’s email account breached (unknown). Brazilian health insurer Hapvida discloses cyber attack (unknown). California Health Care Plan warns of data breach (35,883).