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Cyber Insurance 101: 5 Things Senior Management Needs to Know

Reciprocity

Hence cyber insurance has become a lucrative product for insurance companies, and a must-have for businesses that want to offset the costs of attack-inflicted damage. What Is Cyber Insurance and Why Do You Need It? Cyber insurance costs can vary due to a number of factors. What You Need to Know About Cyber Insurance.

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What Is Cyber Extortion? Tips for Securing Your Data

Pure Storage

Once installed, the malware locks critical files and displays a ransom note demanding payment, often in cryptocurrency. Also, cyber insurance premiums have risen dramatically as insurers face increasing claims, further straining budgets. Ransomware attacks surged in 2024, leading to a record $459.8

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How to Create a Data Breach Response Team

Pure Storage

Their skills should include vulnerability diagnostics, digital forensics, the ability to analyze memory dumps and malware, and the ability to use analysis tools to perform a correlation analysis of security events. Media Relations and Corporate Communications. Communication is key when a security event occurs. Incident Manager.

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What’s the Worst-case Scenario for a Ransomware Attack?

Pure Storage

The attacker sends malware into your system and gains access to your data. . They then plant malware in the system, which usually runs undetected in the background for a period of time until the attacker decides to get the party started. . The malware infects or deletes Active Directory. .

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Data Protection Predictions from Experts for 2025

Solutions Review

Childrens privacy will expand as several states will push back more against social media and for age-gating. Cyber Liability insurance will increasingly require a privacy audit. As the number of privacy breaches and privacy violations continues to rise, cyber insurers will demand more thorough privacy programs at underwriting.

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Cyberrisk Management Tips for Businesses Amid the Russia-Ukraine War

Risk Management Monitor

Attacks attributed to Russia have been launched against a range of targets in Ukraine, including new destructive malware campaigns , targeted information-gathering against a range of civilian and government targets, and attacks on critical infrastructure. Evaluate and if possible, test your business continuity plans.

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Strategies for Digital Risk Protection

Reciprocity

Digital risk protection (DRP) refers to cybersecurity measures that aim to prevent data breaches, malware, identity theft, and other forms of cyber crime. Which areas in your systems and networks expose you to attack or malware? Anti-malware and anti-virus software are valuable tools to safeguard systems from cyber threats.