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Cyber Insurance For Small Business: Why You Need It And How to Get Covered In 2025

LAN Infotech

This is where cyber insurance comes in. Let’s break down what cyber insurance is, whether you need it and what requirements you’ll need to meet to get a policy. What Is Cyber Insurance? Cyber insurance is a policy that helps cover the costs related to a cyber incident, such as a data breach or ransomware attack.

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What Is Cyber Extortion? Tips for Securing Your Data

Pure Storage

Also, cyber insurance premiums have risen dramatically as insurers face increasing claims, further straining budgets. Lack of multi-factor authentication (MFA): Systems without MFA are more vulnerable to unauthorized logins. Businesses sometimes spend upwards of $1.4

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5 Ways to Minimize the Cost of a Ransomware Attack 

Pure Storage

Increased insurance premiums (or possible cancellation). Tiered backup architectures use different logical and geographic locations to meet a wide range of backup and recovery needs, thereby improving the accessibility and speed of data recovery. . Create immutable data snapshots. The list goes on.

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45 World Backup Day Quotes from 32 Experts for 2023

Solutions Review

With that said, it’s critical for today’s leaders to understand and recognize the need to move away from legacy backup solutions, and instead focus on building proactive resiliency architectures supported by modernized backup strategies in order to expedite data recovery and mitigate the full impact of a cyberattack.

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Prioritize Ransomware Recovery, Not Backup, for Your Modern Data Protection

Pure Storage

The world of data protection solutions is noisy with various vendors’ promises about preventing, detecting, and recovering from ransomware attacks. One company has even announced a $5M ransomware recovery warranty, claiming to cover data recovery and restoration expenses.

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Data Privacy Week 2024: The Definitive Roundup of Expert Quotes

Solutions Review

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. Also, AI-consumption reporting is likely to evolve, where companies might use consumers’ data for their LLMs, creating demand for newer data privacy technologies.” Upholding good cyber hygiene.

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Data Privacy Awareness Month 2024: Roundup of Expert Quotes

Solutions Review

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. Also, AI-consumption reporting is likely to evolve, where companies might use consumers’ data for their LLMs, creating demand for newer data privacy technologies.” Upholding good cyber hygiene.