For modern businesses of all shapes and sizes, the monetary impact of suffering a data breach is substantial. IBM’s latest Cost of a Data Breach report discovered that, in 2023, the average cost of a data breach globally reached an all-time high of $4.45 million. This figure represents a 2.3% increase from the previous year […]
Fears that cyber insurance coverage drives companies into paying ransomware demands more easily than otherwise appear unfounded, concludes a British think tank study that suggests insurers should do more to enact corporate discipline. The study, published Monday by the Royal United Services Institute, also concludes that the U.K. government’s “black-and-white position on ransom payments” – […]
Cyber risk is on the rise as the combined impact of surging threat levels, expanding attack surfaces and security skills shortages are putting organizations at a disadvantage. Faced with an increased likelihood that they may suffer a damaging security breach, many may be looking to transfer liability onto a third-party carrier. But those who believe […]
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