digital transformation

Ransomware continues to be a significant global threat for organizations in all sectors. In 2022, it accounted for 41% of breaches, with an average cost per breach of $4.5 million. While authorities have had some success cracking down on ransomware perpetrators, bad actors are expected to evolve their tactics and business models, generating new attack types and pursuing new targets such as the enterprise cloud. Since the ransomware risk is less a question of “if”…

If there’s a common denominator to today’s security woes, it’s complexity. Industrial and enterprise IT environments are more open, interdependent, and essential than ever before. Practicing good data hygiene is one of the best ways for organizations to protect themselves, and it starts with a zero-trust approach to network access. Complexity is a security risk Part of what makes IT environments so complex today is the distributed nature of industrial and business operations, which decentralizes…

Digitalization has made enterprise cybersecurity more complex than ever before. Taking that context into account, Future/Tense: Trend Micro Security Predictions for 2023 looks at some of the key trends organizations will need to address to strengthen their security posture for the year ahead. This blog focuses on four priority threat predictions—cloud misconfigurations, hidden vulnerabilities, the vanishing network perimeter, and evolving ransomware business models—as well as a growing trend that will redefine enterprise cybersecurity going forward:…

Businesses are often in the dark when it comes to applying for a cyber insurance policy. What documentation is necessary? What should they expect? What security controls are underwriters actually looking for? I spoke to John Hennessy, RVP of underwriting at Cowbell, for an insider’s perspective on the underwriting process. Q: What should people know about cyber insurance underwriters?Q: What does the typical underwriting engagement look like?Q: What are some of the non-security factors underwriters…