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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. Yet, boardroom focus on cyber risk appears to be diminishing. trillion by 2025, a 300% increase since 2015 1.

Risk 189
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Retailers Face Many Challenges, Data Security Doesn’t Have to be One of the Them

Thales Cloud Protection & Licensing

Retailers and shoppers are leveraging and enjoying many benefits data sharing brings: loyalty programs, personalized experiences, easier product location and ordering, online shopping, mobile access and the list goes on. However, this shopping ease and bliss also unintentionally opens up some risks that could be avoided.

Retail 89
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MY TAKE: New ‘cyberthreat index’ shows SMBs cognizant of big risks, ill-prepared to deal with them

The Last Watchdog

Small and midsize businesses — so-called SMBs — face an acute risk of sustaining a crippling cyberattack. This appears to be even more true today than it was when I began writing about business cyber risks at USA TODAY more than a decade ago. I had the chance at RSA 2019 to discuss the SMB security landscape at length with Gill.

Risk 182
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A Chief Security Concern for Executive Teams

Krebs on Security

Virtually all companies like to say they take their customers’ privacy and security seriously, make it a top priority, blah blah. That’s because very few of the world’s biggest companies list any security executives in their highest ranks. banks) would have this role in their executive leadership team.

Security 221
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‘Tis the season for proliferating payment options…and risk

Thales Cloud Protection & Licensing

This year is expected to see similarly high numbers which is paralleled by increasing retailer anxiety about the state of their cybersecurity. In fact, according to our recent survey of retailers , 88% feel vulnerable to data threats. Almost 1 million visited physical stores. Happy (and safe!) holiday shopping.

Risk 90
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NEW TECH: This free tool can help gauge, manage third-party cyber risk; it’s called ‘VRMMM’

The Last Watchdog

Related: Atrium Health breach highlights third-party risks. And this continues to include enterprises that have poured a king’s ransom into hardening their first-party security posture. Third-party cyber risks are likely to persist at the current scale for a while longer. Uphill battle.

Risk 147
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Data privacy examples

IBM Big Data Hub

An online retailer always gets users’ explicit consent before sharing customer data with its partners. Mitigating privacy risks: The app limits data access to trusted employees who need it for their roles, and employees can access data only when they have a legitimate reason to.