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Cowbell raises $100M to build out its AI-based cyber insurance platform for SMBs

TechCrunch

Cybercrime is on the rise, and today an insurance startup that’s built an artificial intelligence-based platform to help manage the risks from that is announcing a big round of funding to meet the opportunity. “Underwriting cyber insurance for SMEs is a more dire prospect than for large enterprises,” he said.

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Will Anyone Be Able to Get Cyber Liability Insurance Moving Forward?

Kaseya

Plus, with the rapid rise of the BYOD culture in the workplace and thousands of personal devices connecting to corporate networks, the chances of malware attacks are only getting higher. insurance giant, CNA Financial Corporation, was attacked by the ransomware group Phoenix and ended up paying a ransom of $40 million.

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IoT Adoption in Healthcare Brings Security Opportunities

CIO

By Anand Oswal, Senior Vice President and GM at cyber security leader Palo Alto Networks Connected medical devices, also known as the Internet of Medical Things or IoMT, are revolutionizing healthcare, not only from an operational standpoint but related to patient care. But ransomware isn’t the only risk. Simplify operations.

IoT 252
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Daily Crunch: Silicon Valley Bank goes bust — regulators take control of $175B+ in deposits

TechCrunch

The agency appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. Meanwhile, Lorenzo dove in to explore how the FBI proved a remote admin tool was actually malware. Don’t call it a comeback : Gowalla returns to see if location-based networking is ready for its mainstream moment , Darrell reports.

Banking 246
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Halcyon lands large investment to defend against ransomware

TechCrunch

. “We have started much more narrowly in order to not pollute our models with data not relevant to ransomware campaigns or broken samples like those commonly pulled from public malware repositories.” Halcyon’s approach sounds like a clever way to combat this.

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Cybersecurity Regulations and Reporting in USA and EU

Infinidat

DORA – (Digital Operational Resilience Act) aim is to strengthen the IT security of financial entities such as banks, insurance companies and investment firms and make sure that the financial sector in Europe can stay resilient in the event of a severe operational disruption, like a cyberattack. Linkedin [link] Email tdales@infinidat.com

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Why Ransoms Are Soaring

Kaseya

This particularly malicious type of malware affected and encrypted data across the globe with no way to reverse it. A British insurer stated that nearly half of their cyber insurance claims for the first half of 2020 were ransomware related. Attack Severity. states even declaring a national emergency in response to the crisis.

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