NetDiligence?

??? Hot off the press! ??? We are thrilled to announce the release of the 14th annual Cyber Claims Study 2024 Report from NetDiligence. Download your copy today! https://lnkd.in/etS_X-sQ This year’s study is sponsored by: ? RSM US LLP ? Experian ? KYND ? Constangy Our 2024 report analyzes over 10,000 real cyber claims from incidents occurring over the last five years, exposing trends in the cyber insurance market. By comparison, the first Cyber Claims Study, published in 2010, analyzed fewer than 100 cyber insurance claims.? We sincerely thank our dedicated data team, our generous data contributors, and our incredible sponsors—both this year and in previous years—for helping us grow this report into the valuable industry resource it has become. Download today and keep a finger on the pulse of the current cyber risk landscape! Download the report: https://lnkd.in/etS_X-sQ Read the full press release here: https://lnkd.in/ebYVjMUg

A recent survey shows that 82% of ethical hackers worldwide believe that the #AI threat landscape is changing too quickly to remain secure. AI-assisted attacks are now commonplace, and will become more so--read more in this article from Security Magazine. https://hubs.la/Q02YXsG50

In today's #FMG blog, the Illinois Appellate Court recently examined whether insurers must defend policyholders in biometric privacy claims under cyber policies, specifically when data is used with authorization but no breach occurs. The decision highlights trends in Illinois courts, contrasting with broader interpretations in some federal rulings. Click the link below to learn more. FMG authors: Donald Patrick Eckler and Madeline Krolczyk #FMGLaw #IllinoisLaw #Cyber #Insurance https://bit.ly/40ErUrd

What is an incident response plan and why is having one so important? Read our comprehensive guide to find out! https://hubs.la/Q02Xb-rv0

Do you have a grasp on your organization’s third-party #cybersecurity risk? Do you have a plan in place to prevent a #databreach originating from one of your vendors? While there’s no way to eliminate third-party cyber risk, understanding the scope and breadth of the risk and establishing a few common-sense #cybersecurity protocols can go a long way. Learn more in our post: https://hubs.la/Q02WZs7t0

The average cost of a #cyberclaim for small to medium-sized businesses is almost a million dollars. Download your copy of our 2024 Cyber Claims Study today to learn more about how cyber incident costs are trending for smaller organizations. https://hubs.la/Q02Xc6bl0

In today's #FMG blog, Danielle Ocampo, CIPP/US, CIPM discusses the crucial role of cybersecurity vendor contracts in managing risks beyond just cyber-attacks, emphasizing the need for accountability in technical updates and error handling. As companies grow more interconnected, clear terms around liability and vendor oversight are essential to safeguard operations across industries. Click the link below to learn more. #FMGLaw #Cyber https://bit.ly/3AEK0yK

How should you practice your incident response plan? Download our recent tips sheet to learn more! https://hubs.la/Q02Xc6KX0

AT&T has agreed to pay $13 million in an FCC fine to resolve an investigation into a #databreach in which almost 9 million customers that was supposed to be deleted was exposed. Read more in this article from Reuters. https://hubs.la/Q02S24KS0

Have you grabbed your copy of the 2024 Cyber Claims Study yet? This latest edition examines over 10,000 #cyberclaims and their real-world impact on insurers and businesses. Download your free report today! #CyberRisk #CyberSecurity https://hubs.la/Q02S2N6q0