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DeepNewz, mobile.
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Data breaches have increased by 72% from the record high, with cybersecurity incidents ranked as the top global business threat in 2024. Cyber insurance market faces growing concerns over major cyber events, emphasizing the need for insurers to focus on risk assessment and portfolio management. Companies storing data in the cloud are at risk, with 82% of breaches in 2023 involving cloud-stored data.
Cybersecurity "Cloud misconfiguration: More companies now store and maintain their corporate data in the cloud; the cloud an attractive target for hackers. In fact, 82% of breaches in 2023 involved data stored in the cloud, according to a recent IBM report"
Data Breach: Setting Yourself Up for a Successful Review https://t.co/mtaa7lVEdR
Major cyber events are a growing concern for the cyber insurance market & insurers must focus more closely on risk assessment and portfolio management. Read @CybCubecom's prediction for the market in the year ahead in their Cyber Predictions 2024 report: https://t.co/zn3Je72wTD https://t.co/u3NcG3RfBd
