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Why Cyber Insurance is Essential in 2022

IT Governance

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. One of the most common ways to mitigate the risk of a cyber security incident is cyber insurance.

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Global Data Breaches and Cyber Attacks in December 2023 – 2,241,916,765 Records Breached

IT Governance

For instance, a two-month Europol action (revealed to the public on 22 December) discovered that 443 organisations had suffered data breaches – specifically, their customers’ payment card data had been compromised. This blog provides analysis of the data we’ve collected. We log this as 41 incidents. Where ‘up to’, etc.

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Cyber insurance: A guide for businesses

IT Governance

That’s why they organisations increasingly relying on cyber insurance policies to cover the costs when data breaches and cyber attacks occur. But just how helpful is cyber insurance? What is cyber insurance? How does cyber insurance work? What does a cyber insurance policy cover?

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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 As the number and severity of data breaches continues to rise, organizations are recognizing that those costs are not theoretical. Cyber Insurance is Booming.

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Finance and Insurance Is the Sector Most Impacted by Data Breaches In 2022

KnowBe4

Analysis of the year’s breaches shows Finance and Insurance businesses are the most targeted and have lost a material count of records as a result.

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Checklist for Getting Cyber Insurance Coverage

Thales Cloud Protection & Licensing

Checklist for Getting Cyber Insurance Coverage. The necessity for cyber-insurance coverage. With cyber attacks amounting to a question of when and not if, cyber insurance becomes crucial for ensuring business continuity and mitigating the business impact of attacks – should they occur. Tue, 05/10/2022 - 05:43.

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List of Data Breaches and Cyber Attacks in November 2022 – 32 Million Records Breached

IT Governance

Welcome to our November 2022 review of data breaches and cyber attacks. We identified 95 security incidents throughout the month, accounting for 32,051,144 breached records. The first was a data breach at Twitter, in the latest PR disaster for the social media giant. Data breaches. Data breach.