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Cowbell raises $100M to build out its AI-based cyber insurance platform for SMBs

TechCrunch

Cybercrime is on the rise, and today an insurance startup that’s built an artificial intelligence-based platform to help manage the risks from that is announcing a big round of funding to meet the opportunity. “Underwriting cyber insurance for SMEs is a more dire prospect than for large enterprises,” he said.

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AI in the Enterprise: 5 key findings of AI usage and threat trends

CIO

Finance & Insurance and Manufacturing dominate AI adoption: The Finance & Insurance (28.4%) and Manufacturing (21.6%) sectors generated the most AI/ML traffic. AI-powered cyberthreat protection: Detect and block AI-generated phishing campaigns, adversarial exploits, and AI-driven malware in real time.

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Will Anyone Be Able to Get Cyber Liability Insurance Moving Forward?

Kaseya

Plus, with the rapid rise of the BYOD culture in the workplace and thousands of personal devices connecting to corporate networks, the chances of malware attacks are only getting higher. insurance giant, CNA Financial Corporation, was attacked by the ransomware group Phoenix and ended up paying a ransom of $40 million.

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With Backstory, business security takes a page from Google search

The Parallax

Mueller’s indictment even mentions which malware was used by the hackers.). The Backstory security data platform, which is built on Google’s infrastructure, would have exposed the Internet traffic of that malware long after the initial breach, Wiacek said. Backstory’s start page looks a lot like Google Search.

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How to Protect Your Small Business from a Hacker Attack

The Crazy Programmer

Data breaches and compromised websites frequently used to spread malware can be risky for your business; including small businesses. Lock your Network. This makes your network more secure and difficult for someone to break into. Don’t forget to have a very strong password for your network. Look into Cyber Insurance.

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Daily Crunch: Silicon Valley Bank goes bust — regulators take control of $175B+ in deposits

TechCrunch

The agency appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. Meanwhile, Lorenzo dove in to explore how the FBI proved a remote admin tool was actually malware. Don’t call it a comeback : Gowalla returns to see if location-based networking is ready for its mainstream moment , Darrell reports.

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Prepare for The Cyber Threat : What Executives Need to Know to Manage Risk

CTOvision

Available data suggest that 84% of corporations have malware on their networks. Conducting a holistic review of the organization to identify areas of vulnerability and improve network security is a proactive measure that no organization should overlook.

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