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A Cyber Insurance Backstop

Schneier on Security

In the first week of January, the pharmaceutical giant Merck quietly settled its years-long lawsuit over whether or not its property and casualty insurers would cover a $700 million claim filed after the devastating NotPetya cyberattack in 2017. The 9/11 attacks cost insurers and reinsurers $47 billion. 11, 2001, terrorist attacks.

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Cyber insurance: A guide for businesses

IT Governance

Cyber threats are so numerous that it’s impossible to prevent security incidents altogether. 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?

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SHARED INTEL: Study shows mismanagement of ‘machine identities’ triggers $52 billion in losses

The Last Watchdog

As a result, the way in which they connect and authorize communication makes them a primary security risk for organizations. Now comes a study from Boston-based consultancy Air Worldwide that puts some hard numbers on the degree to which threat actors are plundering virtual machines. LW: This isn’t theoretical is it?

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The Week in Cyber Security and Data Privacy: 4 – 10 December 2023

IT Governance

Researchers from the German cyber security company Aplite discovered 3,806 servers from 111 countries accessible on the Internet. Source (New) Transport USA Yes 129,611 Tcman Source (New) Manufacturing Spain Yes 108 GB (179 files) Compass Group Italia Source (New) Hospitality Italy Yes 107 GB Pan-American Life Insurance Group, Inc.

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RSA Conference 2023: Meet Thales Where the World Talks Security!

Thales Cloud Protection & Licensing

RSA Conference 2023: Meet Thales Where the World Talks Security! Live Sessions With this in mind, we have scheduled a host of events and tech talks around our participation at RSA Conference 2023. Security teams must build quantum resilience today to protect their business from emerging risks.

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E-Verify’s “SSN Lock” is Nothing of the Sort

Krebs on Security

One of the most-read advice columns on this site is a 2018 piece called “ Plant Your Flag, Mark Your Territory ,” which tried to impress upon readers the importance of creating accounts at websites like those at the Social Security Administration , the IRS and others before crooks do it for you.

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How to handle a ransomware attack 

IBM Big Data Hub

Of the 1,350 organizations surveyed in a recent study, 78 percent suffered a successful ransomware attack (link resides outside ibm.com). The photo will expedite the recovery process and help when filing a police report or a possible claim with your insurance company.