Imagine your coffee machine brewing your perfect cup just as you wake up, your office lights adjusting automatically to optimize productivity, or your delivery truck predicting traffic jams and rerouting for a faster journey. This isn't science fiction; it's the power of the Internet of Things (IoT), and it's poised to explode in 2024.
Your website is more than just a virtual storefront - it's a gateway to your brand, a hub for customer interactions, and a potential minefield for data privacy breaches. Whether you're a bustling manufacturing plant or a local legal firm, navigating the ever-evolving landscape of data privacy regulations can feel like walking a tightrope. But fear not business owners! Partnering with Vector Choice can be your key to achieving compliance and peace of mind.
Corvus Insurance, the leading cyber underwriter powered by a proprietary AI-driven cyber risk platform, today released its Q4 2023 Ransomware Report. Featuring data collected from ransomware leak sites, the report shows that while Q4 attacks were down slightly from Q3 2023, ransomware activity for the year surpassed 2022 totals by 68 percent.
The payment card landscape is a battlefield, and in 2024, the armor gets an upgrade. Brace yourselves, business owners, because PCI 4.0, the latest iteration of data security standards, is charging towards mandatory compliance. But unlike a surprise audit, this isn't something to fear - it's an opportunity to shield your business from data breaches and build trust with your customers.
2024 is looming, and for businesses handling customer data, it brings a significant regulatory shift: the amended FTC Safeguards Rule takes full effect on May 13, 2024. This isn't just a minor housekeeping update - it's a game-changer for data security and privacy practices. So, whether you're a small startup or a sprawling enterprise, it's time to buckle up and understand what's coming down the cybersecurity pike.
As digital transformation accelerates, insurers face new challenges, notably the rise of AI risk insurance. This article from Program Business Marketplace examines AI Risk’s implications for the insurance sector, drawing parallels with familiar cybersecurity risks faced by carriers, agents, and brokers.
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