DIRS.INFO The most relevant business & tech news

☆ Companies without cyber insurance could be making a costly mistake
▼ + stars: | 2024-09-19 | by ( Erica Sweeney | ) www.businessinsider.com time to read: +7 min

Many companies don't have cyber insurance because of costs, but the market is growing. Cyber insurance can help companies recover financially from cyberattacks and data breaches. But one way leaders can minimize the impact of losses from a cybersecurity incident is by getting cyber insurance. One reason is the cost: The Cyber Readiness Institute estimates that cyber insurance can cost businesses $500 to $5,000 a year. What cyber insurance does and doesn't coverMany policies offer first- and third-party coverage, and most companies need both, Engstrom said.

Persons: —, Shruti Engstrom, Engstrom, Josephine Wolff, Wolff, it's, Stephen Boyer, Boyer Organizations: Service, IBM, Tufts University, Insurance, Federal Trade Commission, Companies Locations: cyberattacks

☆ A look at the true nature of the Chinese cyber threat inside the nation's biggest ports
▼ + stars: | 2024-03-13 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +13 min

But the Biden administration, lawmakers and ports management continue to differ in their views of the true nature of the threat. Kurt Fredrickson, a Coast Guard spokesman, told CNBC via email that even if the software is not Chinese, all software has vulnerabilities, regardless of origin. "Software is everywhere," Gene Seroka, executive director of the LA port, told CNBC in a recent interview at the TPM conference. They warn the crane software concerns are part of a much larger societal risk. He added that regardless of the origin of the crane software and the origin of a crane's manufacturing, there are ways to mitigate cyber risk.

Persons: Biden, Jay Vann, Robert Murray, it's, Kurt Fredrickson, Murray, Carlos Gimenez, Melanie Stambaugh, Greg Ehrie, Doug Vogt, Vogt, Mario Cordero, Noel Hacegaba, Cordero, Gene Seroka, Lucian Niemeyer, Trump, Niemeyer Organizations: CNBC, ABB, Germany's Siemens, Counterterrorism, Law, Intelligence, Homeland Security, U.S . Coast Guard Cyber Command, Biden Administration, People's, Capitol, National Association of Waterfront Employers, Coast Guard, Transportation, Maritime Security, of South Carolina, Northwest Seaport Alliance, USCG, American Association of Port Authorities, New Jersey Port Authority, Siemens, New, Port, Biden, North Carolina Ports, ZPMC, NC, United States Coast Guard, Samsung, U.S . Department of Homeland Security, DHS, U.S . Coast Guard, Security, Defense for Energy, National Security, Management, Maritime Transportation, Joint Force, MTS, Readiness Locations: China, Swiss, People's Republic of China, U.S, of South, China . Port of Long Beach, Tacoma, Seattle, York, New Jersey, New York, Port of New Orleans, of Long Beach, Port of Long, Port of Los Angeles, Port, Oakland, Georgia, Finland, Japan, Taiwan, Europe, Shanghai

☆ CEO, ex-NSA hacker says ‘people hate’ this advice—but it’s your ‘single biggest’ protection from scams
▼ + stars: | 2023-09-07 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +4 min

"Everybody hates multi-factor authentication," cybersecurity expert and former government hacker Kyle Hanslovan tells CNBC Make It. Microsoft has claimed that multi-factor authentication can prevent 99.9% of cyberattacks on personal accounts. Fewer than half of U.S. small business-owners require employees and customers to use multi-factor authentication, according to the Cyber Readiness Institute. They're more likely to choose the path of least resistance whenever they come across an obstacle, like an extra step for authentication, Hanslovan says. "If you [use multi-factor authentication] and choose that app, you're almost ahead of most of the pack and attackers will move to somebody who's the slowest one."

Persons: Kyle Hanslovan, Huntress, Hanslovan, I've, you've, Warren Buffett Organizations: CNBC, U.S . Air Force, National Security Agency, Air National Guard, Microsoft, Duo Security, Cyber Readiness, Mobile, Google Locations: U.S

By Meg Anderson, vice president and chief information security officer at Principal®This story previously appeared on principal.com. Employment of information security analysts is expected to grow 31% from 2021 to 2031*, outpacing the average for all occupations. There's always room for continued improvement in digital operations, of course, but we can start feeling more optimistic about progress that's been made toward cybersecurity for small businesses. *U.S. Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, information security analysts, September 2022. © 2023 Principal Financial Services, Inc. Principal®, Principal Financial Group®, and Principal and the logomark design are registered trademarks of Principal Financial Services, Inc., a Principal Financial Group company, in the United States and are trademarks and service marks of Principal Financial Services, Inc., in various countries around the world.

Persons: Meg Anderson, we've, what's, We've, cybersecurity, There's, that's Organizations: Software, Cyber Readiness, CRI, Infrastructure Security Agency, Insider Studios, U.S . Bureau of Labor Statistics, . Department of Labor, Life Insurance, Financial Services, Inc, Financial Group Locations: I'm, cyberattacks, Des Moines, United States

Yet only 54% of all businesses say they have a business continuity and disaster recovery plan for a cyberattack. 2 2022 Small Business Profile, U.S. Small Business Administration Office of Advocacy. https://cdn.advocacy.sba.gov/wp-content/uploads/2022/08/30121338/Small-Business-Economic-Profile-US.pdfCyber Readiness Institute (CRI) is not an affiliate of any company of the Principal Financial Group®. Referenced companies are members of the Principal Financial Group®, Des Moines, IA 50392. ©2023 Principal Financial Services, Inc.

Search resuls for: "Cyber Readiness"

5 mentions found