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ISMG Editors: The Shifting Cyber Insurance Landscape

Data Breach Today

Also: Global Privacy Trends; Tornado Cash Founders Charged In the latest weekly update, ISMG editors discuss the shifting dynamics of cyber insurance, why APAC is approaching privacy regulations around emerging technologies, and how U.S. authorities charged the co-founders of cryptocurrency mixer Tornado Cash with money laundering.

Insurance 246
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Cyber Insurance: Higher Premiums, Limited Coverage

Data Breach Today

GAO Report Summarizes Market Trends The increasing number of cyberthreats, especially ransomware attacks, is leading some cyber insurers to raise premiums and limit some coverage in hard-hit sectors, such as healthcare and education, according to a report from the Government Accountability Office.

Insurance 247
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Health Data Breach Tally Crowded With Vendor Incidents

Data Breach Today

Business Associate Breaches Affect Millions Many of the major health data breaches added to the federal tally so far this year involve business associates, continuing a trend in recent years. The largest of those is an incident reported by a children's health and dental insurance plan provider involving a website hosting vendor.

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

The Last Watchdog

To help mitigate the risk of financial losses, more companies are turning to cyber insurance. Related: Bots attack business logic Cyber insurance, like other forms of business insurance, is a way for companies to transfer some of numerous potential liability hits associated specifically with IT infrastructure and IT activities.

Insurance 222
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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. That’s a 29.1%

Insurance 119
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Three customer success trends in a post-pandemic world

OpenText Information Management

Customer success trends shaping the future Customer success aims to be a key driver of growth by aligning your company with the customer – taking a thoughtful, proactive, and strategic approach to growing the portfolio over time. Here are three trends impacting the landscape. Accenture Life Trends , 2024. Forbes , 2022.

Sales 62
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Top financial services trends of 2024

IBM Big Data Hub

While high interest rates and inflation concerns are carrying over into the new year, financial services trends signal to prepare for major changes in real-time by staying up-to-date on all financial services-related matters, including in banking and capital markets sectors. One example of this is in insurance.