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Coalition, the world's first Active Insurance provider designed to prevent digital risk before it strikes, today published its 2024 Cyber Claims Report, which details emerging cyber trends and their impact on Coalition policyholders throughout 2023. The report found that more than half (56%) of all 2023 claims were a result of funds transfer fraud (FTF) or business email compromise (BEC), highlighting the importance of email security as a critical aspect of cyber risk management. “Threat...

KnowBe4, the provider of the world’s largest security awareness training and simulated phishing platform, today announced it has entered into a definitive agreement to acquire Egress, a leader in adaptive and integrated cloud email security. Egress’ Intelligent Email Security suite provides a set of scaled, AI-enabled security tools with adaptive learning capabilities to help prevent, protect and defend organisations against sophisticated email cybersecurity threats. Further terms of the transaction were not disclosed.   The move...

Cydea, the cyber risk management provider, has announced the Cydea Risk Platform, set to quantify threats in financial terms to businesses, allowing them to visualise the consequences of different business security-related scenarios. By giving a monetary value to risks and cyber threats, the company says its new platform is designed to enhance Board-level communication, speed up decision-making, optimise investments and foster collaboration across all stakeholders. This includes business leaders, CISOs, IT teams and security professionals...

Organisations often lean on the ‘People, Process, and Technology’ (PPT) framework as a way of demarcating value streams and driving action. When managed well, the triad works in unison to ensure a comprehensive and layered approach to defence. But what happens when one pillar is weaker than the others? Human risk is incurred by the compromising behaviours of those inside the organisation, both accidental and purposeful. This risk is realised in various ways, from data...

While the UK’s cyber security skills gap is no secret, it seems there has been little progress made in solving it. The 2023 government report on cyber security skills in the UK labour market found that half of all businesses have a basic cyber security skills gap, and 33% have an advanced skills gap – which are similar figures to 2022 and 2021. Meanwhile, the number of cyber security job postings has risen by 30%...

While cyberattacks occur daily, few garner as much attention and media coverage as the attack that struck the British Library in October 2023. The attack, which paralysed the Library’s online systems for months and caused an estimated cost of £7 million, was striking by its magnitude. Yet, the blueprint attackers followed is sadly familiar. After gaining access via the virtual private network (VPN) that provides employees with remote access using compromised employee credentials, a ransomware...

It's no secret that the gender gap in cybersecurity is a worldwide issue, with women currently representing only 24% of the global cybersecurity workforce. This gender disparity can be coined as a ‘glass firewall’ - cybersecurity’s version of the glass ceiling - with barriers ranging from cultural biases to limited advancement opportunities that several women face while climbing the cyber ladder. This reality is disappointing considering cybersecurity is an incredibly rewarding career for all, and...

We’ve all been guilty of not backing up important files, only learning our lesson after losing family photos, documents or homework. But for businesses, not backing up data can be a costly mistake. To mark this year’s World Cloud Security Day, Alan Stephenson-Brown, CEO at Evolve, reveals the biggest backup mistakes you don’t know you’re making, and shares industry best practices. Businesses use data for everything — sales, marketing, logistics, staffing. When it’s lost, things...

Researchers at Comparitech, the pro-consumer website providing information, tools, reviews and comparisons to help readers improve their cyber security and privacy online, have discovered that ransomware gang Qilin claimed credit on its website for stealing 550 GB of data from the Big Issue, a UK-based street newspaper. The company has said in a statement that it is working with NCSC, NCA and Metropolitan Police to complete its investigation. In a blog post, security and privacy...

By Tony Hasek, CEO at Goldilock With the annual cost of cybercrime estimated to have cost UK businesses over £30.5 billion in 2023, leaders are constantly reminded of ransomware attacks' monetary, operational and reputational impact. The halting of business operations, loss of vast amounts of sensitive data and resulting reputational damage are difficult to ignore. With this in mind, business leaders often focus recovery processes around preventing financial harm and returning to business as usual...