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How to Effectively Manage Cyber Risk to Reduce Cyber Liability Insurance Costs

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Every business faces cyber risk. Ineffective cyber risk management increases a business’s susceptibility to cyber breaches that bring heavy financial costs, regulatory fines, operational disruption, and reputational damage. Cyber breaches and costs reached all-time highs in 2021.

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The Continuous Monitoring Lifecycle: 7 Steps for Building a Strong Foundation

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With risks constantly changing and driving new compliance requirements, compliance programs must be able to respond to changes with agility. NIST defines continuous monitoring as: “Maintaining ongoing awareness of information security, vulnerabilities, and threats to support organizational risk management decisions.”

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Cybersecurity Risk Management Best Practices

Audit Board

But as companies take up more digital space, they increase their cyber footprint, and encounter more cybersecurity threats of different types. Confronted with the possibility of data breaches and the associated average cost of $4.45 What are The Top Cybersecurity Threats?