Future of Business Email for SMEs | CYBERCRIMINALS Attacking CYBERINSURANCE | VARINDIA News Hour

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Future of Business Email for SMEs | CYBERCRIMINALS Attacking CYBERINSURANCE | VARINDIA News Hour

We live in a world that’s becoming more digitally dependent. Right from our social interactions to professional interchanges and financial transactions, most take place digitally. While digital resources are enabling, they also leave us vulnerable to cyber criminals as a lot of information regarding our personal and professional lives rests in the digital domain. Cyber insurance or cyber security insurance provides coverage from activities such as identity theft, unauthorized transactions, and more with rapidly increasing digitalisation, cyber risks and loss scenarios keep changing quickly. For all risk owners this makes it even more important to learn from past incidents and identify upcoming cybersecurity trends, threats and vulnerabilities. Cyber insurers have already proven that they can be part of the solution when it comes to building up resiliency and preparedness across all industries. The total global economic damage of cybercrime is a controversial issue. Cybersecurity Ventures estimates global economic cybercrime costs to grow by 15% per year over the next five years, reaching $10.5 trillion annually by 2025. In 2021, the number is expected to be $6 trillion up from $3 trillion in 2015. This is no surprise as the cybercriminal world is advancing at a fast pace.

Having cyber insurance is a good idea if the costs make sense — it could be the difference between going out of business and staying afloat. Even if you can afford and qualify for coverage, you should know that cybercriminals like to attack companies with cyber insurance. According to a recent survey, these organizations are over two times more likely to pay ransoms than those without it. Hackers even find out the value of potential victims' coverage by breaking into the insurance companies first so they can demand the highest possible ransom. Once they've extorted organizati.

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    Future of Business Email for SMEs | CYBERCRIMINALS Attacking CYBERINSURANCE | VARINDIA News Hour

    We live in a world that’s becoming more digitally dependent. Right from our social interactions to professional interchanges and financial transactions, most take place digitally. While digital resources are enabling, they also leave us vulnerable to cyber criminals as a lot of information regarding our personal and professional lives rests in the digital domain. Cyber insurance or cyber security insurance provides coverage from activities such as identity theft, unauthorized transactions, and more with rapidly increasing digitalisation, cyber risks and loss scenarios keep changing quickly. For all risk owners this makes it even more important to learn from past incidents and identify upcoming cybersecurity trends, threats and vulnerabilities. Cyber insurers have already proven that they can be part of the solution when it comes to building up resiliency and preparedness across all industries. The total global economic damage of cybercrime is a controversial issue. Cybersecurity Ventures estimates global economic cybercrime costs to grow by 15% per year over the next five years, reaching $10.5 trillion annually by 2025. In 2021, the number is expected to be $6 trillion up from $3 trillion in 2015. This is no surprise as the cybercriminal world is advancing at a fast pace.

    Having cyber insurance is a good idea if the costs make sense — it could be the difference between going out of business and staying afloat. Even if you can afford and qualify for coverage, you should know that cybercriminals like to attack companies with cyber insurance. According to a recent survey, these organizations are over two times more likely to pay ransoms than those without it. Hackers even find out the value of potential victims' coverage by breaking into the insurance companies first so they can demand the highest possible ransom. Once they've extorted organizati

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    Tech is the most important enabler of remote work, but it hasn’t been without issues. The current “work anywhere” trend ushered in by the COVID-19 pandemic has led to the dismantling and reimagining of many of the characteristics of last century’s workplace. The future of work is being shaped by two powerful forces: The growing adoption of artificial intelligence in the workplace, and the expansion of the workforce to include both on- and off-balance-sheet talent. It’s clear that remote and hybrid work is here to stay. Employee expectations are changing, and we will need to define productivity much more broadly – inclusive of collaboration, learning and wellbeing to drive career advancement for every worker, including frontline and knowledge workers, as well as for new graduates and those who are in the workforce today. All this needs to be done with flexibility in, when, where and how people work.” As the traditional office transitions into a place without borders, business leaders need to be proactive about keeping their talent loyal to their mission, values, and goals while adequately supporting their workforce with the tools they need to stay productive, engaged, and successful. But that’s not all. Employers also have a new burden to contend with in this new working environment: elevating the protection of their assets against bad actors.

    According to Gartner, remote workers will make up 32% of all employees worldwide by 2024. Businesses face myriad challenges shifting to this hybrid landscape. Ivanti’s research shows that the remote and hybrid work experience for IT professionals varies across gender lines. More men than women report losing personal connections with co-workers in this digital-first culture. Women, however, have benefitted the most overall from the flexibility that remote work brings. This shift in employee experience cannot be ignored. Em

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    Unevenness and variability will define 2022 for most employees and employers in this volatile world. Employees will work in different ways and locations, the labour market will remain increasingly competitive, and organizations will continue to strive for diversity, equity and inclusion. Leaders must manage the increased variability across all aspects of work. For IT departments, employees working from anywhere and high staff turnover pose several issues. Cloud applications and mobile devices have become essential to the everyday tasks that have kept productivity high during the pandemic crisis and are accessible everywhere. The remote work model has brought many positive changes and challenges for businesses. Maintaining the status quo and facilitating work during periods of lockdown have been business priorities, but businesses have enjoyed some unexpected benefits in doing so, including productivity increase and reductions in overhead costs. Additionally, businesses have expanded access to talent based outside office regions, including a more diverse workforce.

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    Tech is the most important enabler of remote work, but it hasn’t been without issues. Respondents from a survey were hopeful that IT would prioritize new hardware in 2022 (26%) along with modernizing the service desk to improve IT service levels (26%). Among IT professionals, the desire for modernizing the service desk rises to 32%. While the remote working environment has mitigated random walk-up IT requests from users, it has also challenged organizations that don’t have streamlined request/fulfilment processes and wide access to knowledge and other resources for self-service. Hundreds of thousands of employees will be returning to the offices globally as COVID restrictions are lifted and millions of new positions have been created and filled since February 2020, meaning that IT Departments will be inundated with thousands of new devices coming onto their networks for the first time. Many employees will have onboarded remotely, others will have allowed family members to use their devices, and more will have undoubtedly accessed vulnerable public networks. As a result, the risk of overprivileged devices accessing corporate resources will be huge in the coming weeks. If phones and laptops are brought into the office without a thorough security check, any malware on them could erupt into the entire network. It may also be the first time that many organizations have had the chance to properly manage and audit devices of those who have left employment during the past year.

    Additionally, with best-in-class contextual automation and cybersecurity technologies, enterprises can proactively and predictably detect issues, and then self-heal and self-secure devices. A zero trust security framework clearly offers the most efficient and cost-effective way to secure the Everywhere Workplace. At its simplest, zero trust security enables organizations to continual

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    The #metaversetechnology is poised for rapid growth that will open up opportunities for the marketers and it can be helpful to first think of any shared, virtual space: everything from a chat room to games like Minecraft and Fortnite. While these spaces differ in terms of the richness of the virtual experience – text, audio, video, visual detail, sense of space, actions you can take, etc. – what they share is the opportunity for multiple, if not millions, of people to simultaneously connect within an online environment. The COVID-19 outbreak has brought a positive impact on the metaverse market and is driving the increasing interest in the metaverse concept. People began to work remotely while students shifted to online classes and the need and demand for convenient channels or approaches to make online interaction more realistic emerged. The crisis has speeded the emergence of virtual communities as key lifestyle areas for locked-down users which include gaming landscapes and also increasing adoption of mixed reality. The convergence of 5G, artificial intelligence, and edge cloud processing will soon make it easier to deliver more seamless, enjoyable, and cost-effective AR/VR experiences across a variety of connected devices. Just like the internet, industry insiders are predicting the metaverse will become a necessity for all brands.

    Metaverse is making headlines in technology, there’s a boom in metaverse crypto projects, each viewing to shape the future of both metaverse crypto projects and the nature of digital real estate. It’s the Gen Z, or someone with higher digital maturity. While we may make our purchases by making a few clicks, the coming generation will definitely want something which is more engaging and immersive.

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    Now with advancements in technology, the world is moving towards something called a ‘Super App’, which helps people access different services at once. A super-app is a mobile or web application that can provide multiple services including payment and financial transaction processing, effectively becoming an all-encompassing self-contained commerce and communication online platform that embraces many aspects of personal and commercial life. Precisely, it is a one-stop portal or application that allows users to access numerous services in one place. In other words, it is a singular platform developed by a company that offers multiple services under one roof. It is the technological equivalent of a shopping mall. We use payment apps to transfer money, entertainment apps to consume content, and weather apps to check the temperature. However, super-apps have emerged in other parts of the world and are even starting to gain a foothold in the West — whether we realize it or not. Super-apps cover multiple verticals and create a “one-stop-shop” app where users can complete many different tasks. Put simply, super-apps combine multiple different services into one app. The unique selling point of a super-app that centralizes many functions is that you can complete multiple tasks or actions in one place. You don’t have to switch between programs or providers to get things done.

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    Diversity, Equality, and Inclusion (DEI) are the cornerstones of a thriving modern business. A diversified, inclusive workplace that provides equal opportunity to all is bound to cultivate an innovative and supportive culture, which will go a long way to make that organization successful. It sounds like a simple enough formula; make your organization a DEI workplace, and your challenges will melt, and your opportunities will grow. Then why don't all organizations make their companies a DEI workplace? Because it is easier said than done. Pandemic changed the way we think and function in almost all spheres of life. Businesses have gone through tremendous stress in maintaining the pre-pandemic status quo. With pandemic-induced remote working becoming the new way of working, it opened new opportunities for organizations that hitherto were not possible from the DEI perspective. Remote work has helped many organizations to take advantage of their diversified talents. Post pandemic, organizations can now tap into the talent pool of people who otherwise might have travel constraints or people who would have hesitated to work in the backdrop of societal taboos, given their personal and life choices, etc.

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    Cybersecurity is a lucrative business. Cybercrime is a booming business, inflicting damage to businesses estimated at $3 trillion per year and growing to $5 trillion by 2024, according to a recent report by Juniper Research. Cyberattacks are a costly business nightmare, resulting in profit-sapping downtime, lost revenues, brand damage, stock price losses and regulatory fines. The growing risk of being hit by a cyberattack makes it a no-brainer for organizations of all sizes to adopt cybersecurity solutions. This is where MSPs come into the picture. Cybersecurity poses a great opportunity for MSPs to expand, grow their business, and drive revenues while providing customers with more comprehensive solutions. Ransomware is designed to completely encrypt a victim’s file system, potentially causing an irreversible loss of data. Second, an increasing number of cybercriminals are utilizing ransomware to extract money out of victims. Some surveys have shown that losses for businesses can average $2,500 for each incident, with businesses willing to shell out millions of dollars to decrypt their data in some instances. Given the whole purpose of ransomware is to extract money from victims, total loss values are often the numbers people care about the most.

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