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Tag: Veeam
What should SMEs do as they become ‘cyber uninsurable’?
In a digital-first world where all our data, both personal and professional, is stored online, data protection is a crucial aspect that cannot be overlooked. Despite efforts to encourage businesses to prioritise data protection though cyber insurance, many small-to-medium-sized enterprises (SMEs) remain uninsured. Unfortunately, the common misconception that SMEs are not targeted and are safe from threats is far from the truth.
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How much protection does cyber insurance really give businesses?
As the industry adjusts to increasing levels of cybercrime, insurers are increasing premiums and becoming more strict about whom they will insure. However, if organisations don’t meet even the minimum requirements of security and data protection, insurance will do them little good. Instead, it needs to be just one part of the digital resiliency toolbox. Let's look at the bigger picture of cyber insurance, and what businesses need to do to truly have peace of mind.
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Cyber insurance does not offset ransomware risks
Data protection against ransomware and cyberattacks is becoming increasingly critical. According to Veeam’s latest Data Protection Trends Report 2023, 82 per cent of organisations in the APAC region experienced at least one attack in 2022, and 23 per cent experienced four or more. Cyber risks are an unavoidable reality and have necessitated the urgent adoption of new cybersecurity and data protection measures. It is simply not sufficient for organisations to invest in prevention strategies and hope their business does not falter and succumb to an attack. Instead, organisations must be fully prepared for the inevitable: facing a data breach or a security incident.
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Cyber Insurance Can’t Do it Alone: Attention to Fundamental Security Practices Provides the Necessary Protection Against Disasters
On the surface, cyber insurance seems like the perfect solution for dangerous times. Ransomware attacks surged dramatically in 2022, accounting for a quarter of all breaches. So, if your company does get hit, at least you have a way to recoup some of the losses you incur on your bottom line. But for those looking for a quick fix to a growing problem, cyber insurance has its shortcomings. For one, it’s getting prohibitively expensive. The protection it offers doesn’t address the issue of how you got hacked in the first place and how you can stop hackers in the future. And it doesn’t secure your data or keep it available.
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Is cyber insurance a must-have?
The frequency and severity of cyberattacks have dramatically increased in recent years, leaving businesses and individuals vulnerable to financial loss and reputational damage. As technology continues to advance and with the ever-present threat of cyberattacks, this has led to a growing need for cybersecurity insurance.
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Data protection in the cloud: 3 best practices
The “Global DataSphere” is exploding in size. IDC predicts that by 2026, the amount of data in the world will have doubled again. While most enterprises have digitised their operations, they continue to add more strategic workloads and create more and more data. So, as the amount of data enterprises have to deal with grows exponentially, moving to the cloud based on an elaborated strategy offers significant benefits like scalability, flexibility and cost-effective storage.
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How enterprise businesses can deal with challenges when adopting Kubernetes
Translate that into the rapid advancements in technology, and specifically in infrastructure platforms, and we can look at the growth of Kubernetes like a language that more and more people around us are speaking. The platform is fundamentally different from all earlier computing infrastructures and not everyone is going to need it in their lives, but for those that do, it is essential to immerse in it.
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Breaking the myths of Zero Trust model and understanding how it can protect your organization
By Dave Russell Successful High flyers’ story
Veeam
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Cyber Security
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Zero trust
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Protection
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Organization skill
One of the latest buzzwords in the cyber security industry is a ‘Zero Trust’ security model. In short, a zero-trust model basically means you do not leave any room for errors at all and do not trust anyone or anything. So, what exactly is Zero trust? Is it a new product? Is it a certification or a mere buzzword within the cybersecurity industry?
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Prioritizing Cybersecurity at the Leadership Level
Week after week, month after month, shareholder cyber lawsuits hit the news. Capital One settles for $190 million. A class-action lawsuit was filed against Ultimate Kronos Group for alleged negligence regarding a ransomware attack, identifying a poor cybersecurity system as the root problem.
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