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Dark Reading: The rising cost of cyberattacks, including downtime, investigations, lawsuits, ransoms, and more are prompting cyber insurers to re-examine underwriting and encourage greater cyber resiliency in their customer bases.
Forbes: Cybersecurity has become a pivotal business imperative, transcending mere technical challenges. While many organizations still view cybersecurity as an IT issue, the reality is that it fundamentally impacts every facet of a business, from reputation and customer trust to regulatory compliance.
Yahoo Finance: A new study from Bain & Company and KLAS Research shows US healthcare providers and payers are boosting their investment in AI, cybersecurity, and other IT areas to support innovation and improve operations.
GlobeNewswire: The Artificial Intelligence (AI) in cybersecurity solutions is projected to continue to have significant growth in next several years. The alarming rise in cyberattacks shows the urgent need for robust cybersecurity measures.
The Target: Car rental company Avis
The Take: The scope of the stolen data varies depending on the customer, but the following information is potentially affected: name, email address, telephone number, date of birth, credit card number and expiration date, driver’s license number.
The Vector: The company detected unauthorized access to one of its business applications at the beginning of August. Avis has described the breach as ‘insider wrongdoing.’
This breach is a stark reminder of how strong authentication controls are in an overall robust cybersecurity posture, and that good password hygiene plays a pivotal role in protection.
PR Newswire: "According to the latest BCC Research study, the demand for "Cybersecurity: Technologies and Global Markets" is expected to grow from $229.3 billion in 2024 to $396.8 billion by the end of 2029, at a compound annual growth rate, or CAGR, of 11.6% from 2024 to 2029."
Forbes: More than a quarter (27%) of organizations have banned internal GenAI use, according to Cisco's 2024 Data Privacy Benchmark Report. This is due mainly to concerns over privacy and security.
Cybersecurity Dive: The global cybersecurity workforce grew just 0.1% year-over-year to an estimated 5.5 million people, reflecting a stall in the sector for the first time since 2019, ISC2 said in a report.
Insurance Business: Insurers and asset managers worldwide are significantly increasing their investment in cybersecurity, according to a new survey by Moody’s.
CSO Online: Managing cybersecurity and other technology risks will be top of mind for CIOs in 2025 across Australia and New Zealand (ANZ), with 82% of 109 respondents saying it is a key priority for next year, according to Gartner.
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