Cyber Chaos: Why Your Business Needs a Cybersecurity Superhero Now

Businesses are riding the tech wave, but QBE’s latest cyber research warns of the wipeout risk. With cyber-attacks set to double, many companies still lack an incident response plan. It’s a costly mistake to assume you’re too small or niche to be a target. Time to suit up for cyber resilience!

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Hot Take:

Well, it seems we’ve entered the era where your toaster could be plotting against you. Businesses are racing towards new tech like a kid in a candy store, but they might want to pause and remember that not everything that glitters is gold—sometimes, it’s malware.

Key Points:

  • Global cyber-attacks are set to double from 2020 to 2024.
  • Cloud-based platforms and AI tech are increasing cyber vulnerabilities.
  • Interdependence on tech vendors heightens risk, as shown by the CrowdStrike outage.
  • Ransomware attacks surged by 74% in 2023.
  • A concerning number of businesses lack incident response plans and cyber insurance.

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