CYBER INSIGHTS: Thursday 21 November 2024 – Today’s SME Cybersecurity News & Intel – CYBERInsights Small Business Cybersecurity News

Helping Keep Small Business CYBERSafe!
Gibraltar: Thursday 21 November 2024 at 07:00 CET

CYBER INSIGHTS: Welcome to Today’s Edition of CYBERInsights
The Roundup of Today´s UK Small Business Cybersecurity News
& Intel …
Written & Curated By Iain Fraser – Cybersecurity Journalist
CYBERInsights – First for SME Cybersecurity News
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#CyberInsights #CyberSecurity #CyberMedia #CyberPR #CyberAwareness
#SME #SmallBusiness #smallbusinessowner

1). CYBER INSURANCE: According to the latest (8th) Hiscox Cyber Readiness Report, The proportion of companies facing attacks has increased for the fourth straight year. The findings align with the World Economic Forum’s Global Cybersecurity Outlook 2024 and underscores the growing prevalence of cyber attacks globally. The latest Report highlights the increasing frequency and complexity of cyber attacks, their effect on brand trust, and the double-edged sword of disruptive technologies. Two-thirds of organizations globally (67%) and in the UK (70%) have experienced an increase in cyber incidents over the past 12 months compared to the previous year. The report concluded that the rise in cyberattacks is putting business reputations and brand trust at greater risk.

2). AI & THE JOB MARKET: AI’s Impact on the Job Market: A Rapid Shift Ahead. A new report by the Tony Blair Institute warns of an imminent technological revolution led by artificial intelligence that could transform the global workforce. This wave of AI is advancing at a faster pace than previous technological shifts, urging policymakers to act swiftly in preparing workers and labour markets for significant changes. Focusing on the United Kingdom, the report analyses how AI might reshape the job market beyond just large language models, considering broader automation trends involving both physical and cognitive tasks. The study explores AI’s impact on labour demand and supply and how it may change workplace experiences overall.

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 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