Incidental Growth? Cost of a Data Breach Hits Record High According to New Report

According to Chris McCurdy, Vice President and General Manager, IBM Security, “Higher data breach costs are yet another added expense for businesses in the wake of rapid technology shifts during the pandemic. While data breach costs reached a record high over the past year, the report also showed positive signs about the impact of modern security tactics, such as AI, automation and the adoption of a zero trust approach – which may pay off in reducing the cost of these incidents further down the line.”

Keeping Cyber Threats At Bay? Cyber Insurance Start Up At-Bay Closes Series D Financing

According to Rotem Iram, Co-Founder and CEO at At-Bay, “We are seeing a shift in commercial insurance with regard to cyber risk, and At-Bay is leading the way. While legacy insurers are pulling back on coverage and raising rates in the face of challenges like ransomware, At-Bay is doubling down with a modern approach to risk management that helps businesses improve their security and avoid loss before it happens.”

An Economical Impact? How Cyber Insurance Shapes Incident Response

According to the recent mixed methods study on how cyber insurance shapes incident response, insurers undoubtedly face incentives to concentrate work among the most efficient firms but may lack the information to do so given insurers do not monitor service quality and must rely on second-hand reports. The study goes on to note that the only thing insurers reliably monitor is cost, which may lead to the commoditization of incident response that rewards cost-cutting above quality.

Five Great Reads on Cyber, Data, and Legal Discovery for July 2021

From considerations for cyber insurance and malware to eDiscovery business confidence and assessments, the July 2021 edition of the Five Great Reads on Cyber, Data, and Legal Discovery newsletter provides a selection of recent research, reports, and articles to update and inform legal, business, and information technology professionals on cybersecurity and eDiscovery.

Braintrace Acquired by Sophos

According to Bret Laughlin, CEO and co-founder of Braintrace, “NDR is critical to successful threat hunting. Braintrace’s competitive differentiation is its unique NDR technology that our MDR analysts leveraged for finding, interrupting and remediating cyberattacks. With our own NDR technology, the team responds faster and more accurately because of the real-time, automated visibility and threat verification they have into encrypted traffic. We built Braintrace’s NDR technology from the ground up for detection and now, with Sophos, it will fit into a complete system to provide cross-product detection and response across a multi-vendor ecosystem.”

A Window into Malware? The New Malware Reverse Engineering Handbook from CCDCOE

According to Wikipedia, malware analysis is the study or process of determining the functionality, origin, and potential impact of a given malware sample. In this new handbook from the NATO Cooperative Cyber Defence Centre of Excellence, the authors share concise insight and general techniques for analyzing the most common malware types for the Windows OS.

REvil With a Cause? The Kaseya Ransomware Attack

An affiliate of the notorious REvil gang, best known for extorting $11 million from the meat-processor JBS after a Memorial Day attack, infected thousands of victims in at least 17 countries on July 2, 2021, largely through firms that remotely manage IT infrastructure for multiple customers.

Risk and Reward? Considering Cyber Insurance and the Challenge of Cybersecurity

According to the recent report from the UK’s Royal United Services Institute for Defence and Security Studies (RUSI), post-incident services have become one of the success stories of cyber insurance for both insurers and insureds. For insurers, they may reduce incident costs. For purchasers of cyber insurance – particularly SMEs – they provide access to services and expertise during crises.

Embracing Differences? Interplay of Digital Forensics in eDiscovery
Incidental Growth? Cost of a Data Breach Hits Record High According to New Report
Keeping Cyber Threats At Bay? Cyber Insurance Start Up At-Bay Closes Series D Financing
An Economical Impact? How Cyber Insurance Shapes Incident Response
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Braintrace Acquired by Sophos

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