In 2024, Kovrr identified several cyber loss scenarios which all materialized, demonstrating the value of data-driven forecasting in managing cyber risks. Some of the major incidents were data breaches and ransomware attacks at companies such as UnitedHealth, Okta, Snowflake, and CrowdStrike. The report highlights risks such as business email compromise (BEC) scams and credential theft, and underscores the importance of tailored cyber risk quantification assessments in managing a company’s specific financial exposure levels.
Removing Technical Debt Supports Healthcare Cybersecurity and Incident Response
Technical debt in healthcare, the result of using outdated technology, limits the visibility of vulnerabilities within systems, making it harder to mitigate threats. While upgrading