Cyber insurance premiums are growing exponentially. It’s a dilemma that puts new financial pressures on organizations that are eager to protect their digital assets, but wary of increased spending. Part I of this cyber insurance blog series explored six reasons why cyber insurance costs are increasing so rapidly.
Cyberthreats continue to evolve, causing trillions of dollars in losses. There will be a 76% increase in cybersecurity breaches by 2024, according to StealthLabs. A report by IBM states that it took an average of 287 days to identify and contain a data breach in 2021. According to Verizon’s 2020 Data Breach Investigations Report, 86% of cybersecurity breaches were financially motivated, and 10% were motivated by espionage.
ManageEngine kicks off the year on a high note as it bags the 2022 Cybersecurity Excellence Awards under various categories. To name a few, ManageEngine has been declared a winner for AD360’s IAM and identity governance (IGA) offerings, Log360’s SIEM and SOAR solutions, and data-centric security.
Read also: Italy’s state railway operator halts ticket sales due to a suspected cyberattack, malicious npm packages target Azure developers, and more.
When it comes time for an employee to leave your organization, you want it to be on friendly terms. But there are definitely limits to how friendly you want folks to be after they leave. Especially when it comes to accessing materials from their old position for their new endeavors. In a recent bizarre case, it was reported that a former acting Department of Homeland Security Inspector General has pleaded guilty to stealing government software and data for use in his own product.