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Industry News: ESG5

      Almost 60% of Corporate Cybersecurity Budgets are Higher This Year: Report

      2024-07-03

      CFO Dive: The findings come as businesses grapple with escalating cybersecurity threats. Sixty-one percent of organizations represented in the research had a data breach or cybersecurity incident in the past two years. More than half of respondents (55%) said their organization has experienced more than four to five of such incidents.

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      The Future Of The Cybersecurity Profession With The Rise Of AI

      2024-07-03

      Forbes: From healthcare to manufacturing to agriculture and beyond, artificial intelligence (AI) is revamping business models and creating new opportunities for organizations to innovate.

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      Cyber Insurance Rates Fall As Businesses Improve Security, Report Says

      2024-07-02

      MSN: Cyber insurance premiums are falling globally as businesses become more adept in curbing their losses from cyber crime, even as ransomware attacks are rising, broker Howden said in a report.

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      76% of Companies Improved Their Cyber Defenses to Qualify for Cyber Insurance, Sophos Survey Finds

      2024-06-26

      GlobeNewswire: Sophos, a global leader of innovative security solutions for defeating cyberattacks, today released findings from its survey, “Cyber Insurance and Cyber Defenses 2024: Lessons from IT and Cybersecurity Leaders.”

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      Cybersecurity Market Sees Surge with 13.38% CAGR Through 2031 Due to Increasing Threats

      2024-06-24

      PR Newswire: As per SkyQuest, the Global Cyber Security Market was valued at USD 150.02 Billion in 2022 and is poised to grow from USD 168.04 Billion in 2023 to USD 452.08 Billion by 2031, growing at a CAGR of 13.38% during the forecast period (2024-2031).

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      The Risks in Mergers and Acquisitions CISOs Need to Know

      2024-06-11

      CSO Online: When a large company announces the acquisition of another organization, it’s often perceived as just being a financial transaction.

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      Darktrace Launches Managed Detection & Response Service to Bolster Security Operations

      2024-06-11

      Dark Reading: Over 40% of security leaders cite enhancing and optimizing technology and processes in the security operations center (SOC) as a top priority for improving defenses against the rise of AI powered threats according to the Darktrace State of AI Cybersecurity 2024 report.

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      Data Breaches Are More Common and Costly in Financial Services, New Research Finds

      2024-06-10

      BizTech Magazine: At least $5 million. Perhaps as much as $10 million. That was the economic damage done to the majority of the financial institutions that experienced a data breach in the past five years and were able to estimate a cost.

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      Notable Capital Launches Rising in Cyber to Spotlight Promising Cybersecurity Startups

      2024-06-05

      Dark Reading: Notable Capital, a global venture capital firm, announced the inaugural launch of "Rising in Cyber," an independent list recognizing the 30 most promising cybersecurity companies as selected by Chief Information Security Officers (CISOs), security leaders, and startup investors.

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      Cybersecurity Market To Be Worth $311.4 Billion By 2031

      2024-06-04

      Yahoo Finance: Cybersecurity is the practice of protecting computer systems, networks, programs, and data from unauthorized access, attacks, damage, or any form of unauthorized manipulation.

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