Cybersecurity

Cybersecurity Vulnerability: Companies Risk Governance Woes Over Delayed Security Fixes

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Cybersecurity negligence and resulting vulnerability have become increasingly critical as the number of known vulnerabilities surges. In a recent report, S&P Global Ratings warns that organizations slow to remediate highly targeted cyber vulnerabilities may face significant governance issues. Such delays increase the risk of system compromises and could negatively influence S&P’s assessment of an entity’s … Read more

Howden Partners with Chubb, LSM, Mosaic, and Safe Security to Launch Howden Safe+, Cyber Insurance for Mid-Size Corporations

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Howden has introduced Howden Safe+, a cyber insurance solution for mid-size corporations with revenues between $250 million and $2 billion. The platform reduces underwriting questions by 30%, aiming to streamline the procurement process without compromising coverage quality. Overall, it is an intriguing cyber insurance proposition for mid-size corporations. Developed in collaboration with Safe Security and … Read more

Rising Cyber Claims Pressure Insurers to Adapt as Threats Evolve

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Cyber insurance claims and risks are surging as premiums dip, putting the industry in a precarious position. Despite strides in cybersecurity protocols, insurers are struggling to keep up with an onslaught of complex and frequent cyber incidents. From large-scale data breaches to double extortion ransomware, the threats can seem countless. Industry experts warn that if … Read more

Vienna Insurance Group Launches Cyber Security Firm to Protect SMEs

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Vienna Insurance Group AG (VIG), the largest insurance group in Central and Eastern Europe, has established Cyber Risk Solutions GmbH (CyRiSo), a new cyber security company targeting small and medium-sized enterprises (SMEs). The firm aims to provide comprehensive support to reduce cyber risks and to prevent and resolve damage from cyber attacks. “Cyber attacks have … Read more

Canadian Cyber Centre Releases National Cyber Threat Assessment Amid Evolving Cyber Risks

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The cyber threat landscape facing Canadian businesses is becoming increasingly complex and severe, with methods like identity theft, scams, fraud, and ransomware affecting a larger proportion of organizations. According to the 2023 Canadian Survey of Cyber Security and Cybercrime (CSCSC), about 1 in 6 (16%) Canadian businesses experienced cybersecurity incidents. This week, The Canadian Centre … Read more

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