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Cyberinsurance: a thought Whose Time Has Come

cyberinsurance in India is actually a thought whose time has come, its advent accelerated partially thanks to the dramatic changes that COVID has induced within the way online fraud prevention app  business is now run. However, on the face of it, it does remain somewhat complex for the standard SME to fathom. The challenge for the insurance industry is to think through innovative business models and go-to-market strategies while building awareness and appreciation for the difficulty amongst customers. Miles to travel before the proverbial sleep, but a pot of gold to hunt . Consider the facts: Cybercrimes in India caused losses of INR 1.25T in 2019, cyberattacks on Indian entities almost trebled from 0.4M in 2019 to 1.16M in 2020. banks alone reported over 50,000 cases in FY19 with losses of ~INR 1.5B. Research indicates that over 50% of companies in India suffered downtime thanks to data loss. Covid has ushered in rapid digitization, with new processes and new working models, it seems
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A cyber policy may include these type of following

  The cyber security threat landscape has been significantly altered by the pandemic over the past few months. Technology has played a big role within the definition of the "new normal" as businesses round the world became dependent upon technology to manage their day-today operations via a foreign work model. Businesses and organizations are finding it harder to enforce policies like endpoint encryption, disabling removable medium, identification of unauthorised software, secure connectivity with office network, etc. This is a golden opportunity forber cyber criminals to hack into organizations, steal data, disrupt networks, and so on. In Q1 2020 , quite 8 billion data records were stolen. These incidents have opened cyber insurance India for organisations trying to attenuate the damage from data breaches and cyber incidents. Cyber policy may be a sort of risk transfer that organisations use to guard themselves against cyber-attack-related losses and expenses. Globally, the
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Best Cyber Security Blogs by Industry Experts

  Currently, the 2 most trending industry topics are online fraud protection security and data privacy. Hence, it's vital for people who are a part of the cyber security domain or have the aim of pursuing a career during this domain, to be updated with the newest trends. within the half of 2019, almost 4.1 billion records were exposed in data breaches. If one works within the cyber security domain, s(he) must stay up-to-date. Browsing through cyber security blogs, reading them and gathering knowledge from exclusive cyber security websites is one among the best ways to try to to that. Some people will wish to gain awareness by reading various books. But it's not an equivalent for all. So online resources like blogs are often really helpful for developing command during this domain. To assist you in choosing the right source to accumulate knowledge, we've mentioned a number of the favored cyber security blogs to follow. Best Cyber Security Blogs by Industry Experts 1. Krebs
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Cyber Insurance: a thought Whose Time Has Come

  cyber insurance in India is actually a thought whose time has come, its advent accelerated partially thanks to the dramatic changes that COVID has induced within the way business is now run. However, on the face of it, it does remain somewhat complex for the standard SME to fathom. The challenge for the insurance industry is to think through innovative business models and go-to-market strategies while building awareness and appreciation for the difficulty amongst customers. Miles to travel before the proverbial sleep, but a pot of gold to hunt . Consider the facts: Cybercrimes in India caused losses of INR 1.25T in 2019, cyberattacks on Indian entities almost trebled from 0.4M in 2019 to 1.16M in 2020. banks alone reported over 50,000 cases in FY19 with losses of ~INR 1.5B. Research indicates that over 50% of companies in India suffered downtime thanks to data loss. Covid has ushered in rapid digitization, with new processes and new working models, it seems almost inevitable that th
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What is Cybersecurity?

  Cybersecurity is vital because it protects all categories of knowledge from theft and damage. This includes sensitive data, personally identifiable information (PII), protected health information (PHI), personal information, property , data, and governmental and industry information systems. Without a cybersecurity program, your organization cannot defend itself against data breach campaigns, making it an irresistible target for cybercriminals. Both inherent risk and residual risk is increasing, driven by global connectivity and usage of cloud services, like Amazon Web Services, to store sensitive data and private information. Widespread poor configuration of cloud services paired with increasingly sophisticated cyber criminals means the danger that your organization suffers from a successful cyber attack or data breach is on the increase . Business leaders can not solely believe out-of-the-box cybersecurity solutions like antivirus software and firewalls, cybercriminals are getting
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Cyber Insurance In India expertise in our country

  Cyber Security is becoming a severe issue for people , enterprises, and governments alike. During a world where everything is on the web , from cute kitten videos and our travel diaries to our mastercard information, ensuring that our data remains safe is one among the most important challenges of Cyber Security. Cyber Security challenges are available in many forms, like ransomware, phishing attacks, malware attacks, online fraud protection and more. India ranks 11th globally in terms of local cyber-attacks and has witnessed 2,299,682 incidents in Q1 of 2021 already. 1. RANSOMWARE ATTACKS Ransomware attacks became popular within the previous couple of years and pose one among India’s most prominent Cyber Security challenges in 2021. consistent with the Cyber Security firm Sophos, about 82% of Indian organizations were hit by ransomware within the last six months. Ransomware attacks involve hacking into a user’s data and preventing them from accessing it until a ransom amount is pai
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