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Private equity moves large sums on short notice. Much of that money still moves on the strength of an email. 6lock wants to change that. Now it has put an insurance policy behind the attempt. The Austin-based Verified Money Movement platform announced coverage of up to $1 million per occurrence for eligible transactions. The policy … Read more
Seventy percent of US business insurance buyers now carry cyber cover. That is the highest share Travelers has recorded since its Risk Index turned cyber-focused in 2018. The same buyers report 89 percent day-to-day AI use across their workforce. Fifty-nine percent have formal practices governing that use. They are buying the policy faster than they … Read more
CISOs, beware of deepfake social engineering! Four in ten chief information security officers have now sat through a deepfake on a work audio call. More than a third have seen one on video. Security awareness training taught people to spot a bad link and a wrong domain. It never taught them to doubt a familiar … Read more
A carrier has put the question in writing. AI-related losses “may not fall neatly into one category of risk.” AXA XL and S-RM published Building Resilient AI on 23 September. The report names four loss scenarios that will test that sentence. A deepfake-enabled payment fraud. An AI-related data breach. A defective output causing third-party loss. … Read more
Eighty-eight percent of industrial security leaders describe their OT security program as planned or design-led. Twenty-one percent report a complete asset inventory. A program cannot protect equipment nobody has counted. Honeywell Technologies has now put a number on what that gap costs in hours. Its inaugural OT Cybersecurity Benchmark Report surveyed 603 respondents across critical … Read more