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News alert: Beazley reports on how AI, new tech distract businesses as cyber risk intensifies

The Last Watchdog

London, July 13, 2023 — Beazley, the leading specialist insurer, today published its latest Risk & Resilience report: Spotlight on: Cyber & Technology Risks 2023. For the insurance industry, working with clients to help them tackle these challenges is vital to ensuring businesses operate in as safe an environment as possible.

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Catches of the month: Phishing scams for November 2020

IT Governance

As the UK heads back into lockdown, we expect to see a fresh wave of phishing attacks capitalising on the public’s fear and uncertainty. At the start of the pandemic, we discussed emerging phishing scams centred on the coronavirus. But if we are to shut down these phishing attacks, people must share scams when they receive them.

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Think you’re not susceptible to phishing? Think again

IT Governance

On average, one in ten emails is a phishing scam. According to a PhishMe survey , many of us think that’s the case. Very few respondents said they were likely to be lured by the most common pitfalls of phishing scams: Urgency: 10.7%. How does phishing work? >> 75% of organisations have been hit by spear phishing.

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Think you’re not susceptible to phishing? Think again

IT Governance

Phishing is big business for cyber criminals. According to PhishMe’s Enterprise Phishing Resiliency and Defense Report 2017 , phishing attacks rose by 65% last year, with the average attack costing mid-sized companies $1.6 million (about £1.2 Social: 16.0%. Reward/recognition: 11.9%. Job function: 11.8%. Urgency: 10.7%.

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Catches of the month: Phishing scams for May 2020

IT Governance

Whether you’re forced to work from home, out of work or otherwise preoccupied by the stress and discomfort of lockdown, we are all more susceptible to phishing emails than ever before. The email should raise suspicions if you’re aware of how phishing scams work. Tesco isn’t the only supermarket to be imitated in a scam like this.

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More Than 90% of IT Decision Makers Struggle to Evaluate Security Products

eSecurity Planet

The vast majority of cybersecurity decision makers – 91 percent, in fact – find it difficult to select security products due to unclear marketing, according to the results of a survey of 800 cybersecurity and IT decision makers released today by email security company Egress. Also read: eSecurity Planet’s 2022 Cybersecurity Product Awards.

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How to beat ransomware attackers at their own game

IT Governance

Sophos’s most recent annual ransomware survey, The State of Ransomware 2021 , found that 37% of organisations surveyed in 2021 had been affected by ransomware in the previous year. Although this is a year-on-year reduction (51% of surveyed organisations were affected in 2020), the threat remains significant. Train your staff.