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Carriers need cybersecurity services firms for active engagement and collaboration to develop and support a dynamic product.

"If you're a bad guy and you're not using ChatGPT or other LLMs to go and find vulnerabilities, you're probably not doing your job as a bad guy," said Scott Giordano, general counsel of Spirion.

Business owners are realizing that they are either uninsured or vastly underinsured for cyber protection.

Insurers that suffer a cyberattack could encounter financial losses, business disruptions and reputational damage, the same losses their policyholders would experience.

"Breaches can be prevented when employees at every level feel they can be vocal about security weaknesses."

The firm didn't pay the hackers even though the pressure campaign got personal.

The threat landscape continues to change as bad actors refine their cybercrime tactics and expand their attack options.

Small business employees experience 350% more social engineering attacks than those at larger enterprises, according to StrongDM.