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WatchGuard

2022 Predictions #5 - Companies Increase Cyber Insurance Despite Soaring Costs

Since the astronomical success of ransomware starting back in 2013, cybersecurity insurers have realized that payout costs to cover clients against these threats have increased dramatically. In fact, according to a report from S&P Global, cyber insurers’ loss ratio increased for the third consecutive year in 2020 by 25 points, or more than 72%. This resulted in premiums for stand-alone cyber insurance policies to increase 28.6% in 2020 to $1.62 billion USD. As a result, they have greatly increased the cybersecurity requirements for customers. Not only has the price of insurance increased, but insurers now actively scan and audit the security of clients before providing cybersecurity-related coverage.

2022 Predictions #6 - And We'll Call It Zero Trust

Most security professionals have had the principle of least privilege grilled into them from the very beginning of their careers. Giving users the minimum level of access needed to perform their job functions is for the most part an uncontested best practice. Unfortunately, best practices don’t directly translate into wide adoption, and least to their full extent. Over the past few years, or decades really, we’ve seen the ease in which attackers can move laterally and elevate their level of access while exploiting organizations that haven’t followed basic security principles.

WatchGuard's 2022 Predictions

In our 2021 Security Predictions, the WatchGuard’s Threat Lab team anticipated that authentication would be the cornerstone of strong security. “With billions of usernames and passwords ripe for the picking on the dark web and the prevalence of automated authentication attacks, we believe that any service without MFA enabled will be compromised in 2021,” said WatchGuard CSO Corey Nachreiner.

Why MSPs Save the World

Organizations of all sizes are struggling to keep up with the increasingly complex and evolving cybersecurity landscape. Threat actors aren’t just hunting large corporations, they’re aggressively targeting small and midsize businesses, too. As networks become more porous and cyber threats rise, organizations that lack in-house security expertise will increasingly become targets of attack and their losses will grow.

WatchGuard's SVP of Marketing, Michelle Welch, named 2021 Security Channel Chief of the Year by Channel Partner Insight

For the third year in a row, WatchGuard has been honored at Channel Partner Insight’s 2021 Channel Innovation Awards. This year, Senior Vice President of Marketing Michelle Welch was named the “Security Channel Chief of Year.” This annual awards program celebrates the partners and vendors that have brought true value and innovation to the managed services market and made a real difference to their customers over the last 12 months.

Fileless attacks: a cybersecurity insight to be taken into account

Hackers are highly trained cybercriminals with access to resources capable of compromising a system in an organization without being detected. And malwareless attacks – where cybercriminals access critical business networks without malware – are on the rise.

How to prevent known exploited vulnerabilities at the endpoint

The US Cybersecurity and Infrastructure Agency (CISA) has issued a directive to federal agencies and other public bodies requiring them to take steps to reduce their risk of exploited vulnerabilities. CISA highlights the startling finding that hackers are exploiting up to 290 different vulnerabilities in these agencies.

The Oculus (Meta) Quest Scam

Oculus (also now known as Meta) Quest is a virtual reality headset and game craze created by Facebook, and it is the ultimate tech must-have for the holidays in 2021. My 11-year-old son is obsessed with it and during the past few months it has been impossible to get due to a recall and the wait for the new Quest 2 to be released.

How businesses can protect themselves from DDoS attacks

In Distributed Denial of Service (DDoS) a system or network is flooded with online traffic from multiple sources in an attempt to make it unavailable. Cybercriminals take advantage of protocol or DNS server vulnerabilities that they exploit to launch attacks. Moreover, in larger scale attacks, they may use malware that infects thousands of hosts that target the victim to block it, all of them with different IP addresses, which is known as a botnet.