Security News
Cyber perils are the biggest concern for companies globally in 2022, according to the Allianz Risk Barometer. Cyber incidents tops the Allianz Risk Barometer for only the second time in the survey's history, Business interruption drops to a close second and Natural catastrophes ranks third, up from sixth in 2021.
A Trend Micro report predicts global organizations will emerge more alert and better prepared in 2022 thanks to a comprehensive, proactive, cloud-first approach to mitigating cyber risk. Research, foresight, and automation are critical for organizations to manage risk and secure their workforce.
ENISA has announced the release of its report - Railway Cybersecurity - Good Practices in Cyber Risk Management for railway organizations. European railway undertakings and infrastructure managers need to address cyber risks in a systematic way as part of their risk management processes.
"The number of ransomware attacks may even increase before the situation gets better," says Scott Sayce, Global Head of Cyber at AGCS. "Not all attacks are targeted. Criminals also adopt a scattergun approach to exploit those businesses that aren't addressing or understanding the vulnerabilities they may have. As insurers we must continue to work with our clients to help businesses understand the need to strengthen their controls. At the same time, in today's rapidly evolving cyber insurance market, providing emergency response services, as well as financial compensation, is now the standard." These cyber risk trends are mirrored in AGCS' own claims experience, being involved in more than a thousand cyber claims overall in 2020, up from about 80 in 2016.
The 2020 Global Risk Study by PwC said that nearly 50% of respondents believe their risk, internal audit, compliance and cybersecurity departments are hampered by not formulating a common view of threats and the associated risk. "When we work with business partners and stakeholders, it's important to make sure we find a common language, so everyone understands the risk we're communicating," Schorr said.
Cyber risk measurement and mitigation platform provider Safe Security this week announced that it has received a $33 million strategic investment led by BT Group. As part of the investment, BT will have exclusive rights to use and sell Safe Security's products in the U.K. by incorporating the cyber risk management platform into its portfolio.
GuidePoint Security announced the expansion of its Identity & Access Management consulting practice. GuidePoint's IAM consulting practice expands upon the company's existing capability of helping customers of all sizes evaluate, select, implement and maintain best-fit IAM solutions, to now also include program assessment and strategy and roadmap development.
Kovrr released updates to its cyber risk model and platform. Kovrr has updated the event catalog based on research from new proprietary data sources to reflect changes in the cyber threat landscape, including an improved view of emerging risks, threat actors, attack methods, and ransomware and malware campaigns.
With a proven operational approach to protecting businesses of all sizes and in all industries, Arctic Wolf now provides customers additional peace of mind with Arctic Wolf Service Assurance, should they experience a cybersecurity incident. Introduced as the most comprehensive assurance solution, Arctic Wolf will now provide customers up to $1 million in coverage in the event of a successful cyberattack.
A third party could present a softer target, creating an opportunity for threat actors to move from that network to their primary target. A third party can actually become the primary target if it holds the sensitive data that threat actors want.