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Cybersecurity is only as strong as the random data sources creating encryption keys. True randomness is found in the chaotic physical world.
Although risks are becoming more complex, around 75% of CROs are confident in their organizations' ability to manage them.
Outdated equipment and open networks make operational technologies at industrial complexes susceptible to cyberattacks.
Cyber liability coverage is now necessary for most businesses, but it's no substitute for strong cybersecurity procedures.
The French regulation has been enacted in the context of the French government decision to fight against the resurgence of cyberattacks, together with ransom demands.
Despite some challenging years, cyber insurance is the fastest growing P&C segment, the Triple-I reports.
Internet crime complaints have surged, according to the FBI, with reported financial losses from 2018 through 2022 totaling $27.6 billion.
The number of victims of cyber extortion in the first three quarters of 2023 is already 33% higher than all of last year.
Many insureds don't have a full understanding of how this coverage works or why it's become essential.
Separate cyber insurance (as opposed to umbrella coverage) can be essential to recovering from a data breach.
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