Here it is; Your Cyber Insurance Sunday – Upload.
A few items from the week. An interesting read or listen on what The Space Force and its Guardians do, hint…Cyber is a big part. Prudential files an 8-K relating to a cyberattack. And Small and medium-sized enterprises get a new cybersecurity offering from Visa and TruShield. There’s more, take a look. Enjoy the reads and enjoy the day!
- Cybercrime costs the world’s economy trillions of dollars a year. So...Great American Beefs Up Cyber Insurance.
- Small and medium-sized enterprises are three times more likely to be in the crosshairs of cybercriminals than their larger counterparts. The toll? A staggering $2.4 billion in losses was incurred by SMBs in 2021 alone. In this reality, TruShield Insurance has unveiled a strategic collaboration with Visa to fortify cybersecurity defenses for small enterprises. Cybersecurity for Small Businesses: A Must-Have in Today’s Digital World
- In response to the escalating tide of privacy-related claims flooding the cyber insurance industry, CyRisk Inc. has unveiled its Privacy Risk Insights platform. The platform, designed to revolutionize cyber risk management and data analytics, aims to equip insurers and policyholders with advanced tools to navigate the complex terrain of privacy risks. CyRisk Unveils Privacy Risk Insights Platform for Cyber Insurance.
- And more research on the business upside of cyber insurance, Cyber Insurance Market Soars to $91.22 Billion by 2031 – Report.
- Some 8-K reading for your Sunday. Prudential Financial reports Feb. 4 cyberattack in SEC filing.
- The Southern Water cyber attack highlights the wave of threats faced by utilities companies. “The water industry, along with other infrastructure, has increasingly been a target for ransomware operators over the last few years.”
- Great, read or listen in the NY Times on Space Force. Cyber is a big part of what they do. NY Times.
- Back down to earth, a couple of counties became victims of cybercrime. Washington County, WA, found itself at the mercy of ransomware. Washington County Pays $346k Ransom to Resolve Cyberattack Crisis. Further east, Cyber-security expert believes it will take months before Fulton County, GA, recovers from cyberattack.