CYBER Insights » CYBER INSIGHTS: Thursday 07 November 2024 – Today’s SME Cybersecurity News & Intelligence

CYBER INSIGHTS: Thursday 07 November 2024 – Today’s SME Cybersecurity News & Intelligence

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

CYBER INSIGHTS: The Latest SME Cybersecurity News & Intel …
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). EU Compliance   2). ICO Fines Companies for Spam Text 3). Cyber Insurance Explained
#CyberInsights #CyberSecurity
#CyberMedia #CyberPR #CyberAwareness #SME #SmallBusiness #smallbusinessowner

1). EU: COMPLIANCE – CYBER RESILIENCE ACT Council adopts new law on security requirements for digital products. With the recent adoption of the Cyber Resilience Act (CRA) legislative text, the European Union has officially kick started the timeline for when it will enter into force and therefore, companies having to comply with its requirements. The Act defines cybersecurity requirements for all products placed on the European market that contain digital elements: this includes products such as connected (IoT) devices, computing devices and networking equipment.

2). INFORMATION COMMISSIONER: ICO Fines two companies a total of £150k after they “bombarded” targets with spam texts offering financial, debt services. The ICO (Information Commissioners Office) has confirmed that it has fined two Manchester based financial and debt management companies a total of £150,000 for sending in excess of 7.5million spam text messages to people. Both Quick Tax Claims Limited, a company focusing on PPI tax refunds, and National Debt Advice Limited, first came to our attention in May 2023 when a number of complaints were sent to the 7726 spam message reporting service.

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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Image Credit: IfOnlyCommunications | Cybersecurity Journalist, Cyber Insights, SME Cybersecurity News,
Image Credit: IfOnlyCommunications
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CYBER Insights – Helping Keep Small Business CYBERSafe! 

Launched in 2020 by Cybersecurity Journalist Iain Fraser and his team at IfOnly… CYBERInsights was developed to be the go-to platform providing definitive, reliable & actionable Cybersecurity News, Intel,  Awareness & Training specifically written and curated for Small Business & Enterprise Owners, Partners and Directors throughout the UK. #CyberInsights #CyberSecurity #CyberMedia #CyberPR #CyberAwareness #SME #SmallBusiness #smallbusinessowner