CYBER INSIGHTS: Thursday 24 October 2024 – Today’s SME Cybersecurity News & Intelligence – CYBERInsights Small Business Cybersecurity News

Helping Keep Small Business CYBERSafe!
Gibraltar: Thursday 24 October 2024 at 07:00 CET

CYBER INSIGHTS: The Latest SME Cybersecurity News & Intelligence …
Written & Curated By Iain Fraser – Cybersecurity Journalist
via CYBERInsights
First for SME Cybersecurity News
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Welcome to Today’s Edition of CYBERInsights – The Daily Roundup of the Latest European SME Cybersecurity News including: 1). SME Cyber Insurance 2). Threat Intel- Russia Scanning for Your Vulnerabilities 3). Cyber Insurance Explained

#CyberInsights #CyberSecurity #CyberMedia #CyberPR #CyberAwareness #SME #SmallBusiness #smallbusinessowner #CowbellInsurance #ThreatIntel #CyberInsurance

1). SME CYBERSECURITY INSURANCE: Cowbell Marks First Year of UK Expansion with Significant Growth. Cowbell, a leading provider of Cyber insurance for small and medium-sized enterprises (SMEs), has reported substantial growth in the United Kingdom as it celebrates its first year of operations in the region. Between January and June 2024, Insurtech Cowbell achieved remarkable results, showing a “threefold increase” across key metrics, including premiums, policies, and producers. Supported by A+ rated (re)insurers, Cowbell expanded into the UK market in Q2 2023 with the launch of its standalone cyber insurance program, Cowbell Prime One, in September.

2). UK & US GOVERNMENT: INTEL Russia scanning for your unpatched vulnerabilities A joint advisory from the UK and the US Governments has been issued about a massive, ongoing Russian campaign exploiting known vulnerabilities should do the trick. The joint statement from the NCSC, US NSA, FBI & Cyber National Mission Force warning that hackers linked to Russia’s Foreign Intelligence Service (SVR) have been aggressively looking for targets of opportunity of late. The group behind the campaign is none other than APT29, the same crew that pulled off the SolarWinds hack. In other words, this is a serious threat.

3). WHAT IS CYBER INSURANCE – Cyber Insurance: Essential Shield for Small Businesses in the UK and EU – CyberKPI: Cyber insurance serves as a critical financial safety measure for Small Businesses in the UK and EU, aimed at mitigating the financial risks stemming from cyberattacks and data breaches. With the rapid digitisation of business processes, the global Cyber Insurance market is projected to grow significantly, driven by heightened awareness of cyber threats and the necessity for regulatory compliance. This is particularly relevant for small businesses, as 87% of decision-makers express concerns about their inadequate protection against cyber risks.

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CYBER Insights – Helping keep Small Business CYBERSafe!

Launched in 2020 by Cybersecurity Journalist Iain Fraser and his team at IfOnlyCommunications, CYBERInsights was developed to be the go-to platform providing definitive, reliable & actionable Cybersecurity News, Intel & Awareness for SMEs throughout Europe (UK & EU) as they as they further embraced new Technologies and Business Practices.

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