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Cyber insurance audit: Painful necessity, or a valuable opportunity? on July 28, 2023 at 12:00 pm

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Not that long ago, few companies even considered purchasing insurance to mitigate their financial exposure from a cyber incident, and for those that did, obtaining a policy was as easy as filling out an application and writing a check. Those days are now squarely in the rearview mirror. Today, companies everywhere are rushing to get cyber insurance — the value of the global cyber insurance market reached $13.33 billion in 2022 and is projected to soar to $84.62 billion by 2030.

However, the increased number of policies combined with the sharp uptick in costly attacks led to higher costs for cybersecurity insurance providers. To stem their losses, insurance companies now often require proof that an organization has implemented a variety of security measures in order to be eligible to purchase a policy.

Rather than resisting or resenting risk assessments from potential cyber insurance vendors, IT leaders should regard them as an opportunity to strengthen their organization’s security posture.

Cyber insurance involves risk assessment

Across the insurance industry, policy requirements and premiums vary according to risk assessment. For instance, installing an anti-theft system might reduce the cost of insuring an expensive sports car. A person living in a flood plain can expect to pay more for a homeowner’s policy than someone with a similar house on higher ground — or they might not be able to purchase a policy at all, as homeowners in states like Florida are discovering.

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It is the same for cyber insurance. An insurance provider may impose more security demands on a company that hosts large volumes of personally identifiable information (PII) than it does for a company of similar size with far less PII. And organizations that lack sufficient security controls to bring risk down to a level acceptable to an insurance provider might not be eligible for any policy at any price.

What cyber insurance actually covers

The main focus of cyber insurance is obviously on covering the financial risks of an incident. Typically, you can expect the insurance to cover the firsthand costs to the business that are the direct result of the cyber event, such as:

Forensic analysis and incident response. Some insurers require that you engage specific managed incident response services.
Recovery of data and systems caused by actual loss and destruction.
Cost of the downtime due to the cyber event.
Costs incurred from sensitive data breaches, such as handling PR activities, notifying impacted clients, or even providing credit monitoring services to customers.
Legal services and certain types of liability for regulated data, including covering the costs of the civil lawsuits.

It is important to note that insurance rarely or never covers some of the longer-lasting impacts of the event, such as any future profit loss due to theft of intellectual property or the need to invest in cybersecurity program improvements after the event.

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There is no consensus on reimbursement for paying a ransom. Not all insurers cover this type of expense. Some experts argue that it can encourage further attacks and fund criminal activities. In some jurisdictions, the discussion is going back and forth on whether paying ransom should be banned altogether.

As with any insurance policy, you can expect extra clauses. These may include the top amount they cover, the requirement to go through a due process with the law enforcement agencies, or involvement in professional ransom-negotiation services.

The must-have security measures for cyber insurance

A recent Netwrix study reveals useful details about the process of qualifying for cyber insurance today. It found that 50% of organizations with cyber insurance implemented additional security measures either to meet the requirements of the policy they selected or to simply be eligible for a policy at all. The figure below shows the specific requirements they reported having to meet:

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Image Credits: Netwrix/Netwrix Hybrid Trends Security Report 2023

Don’t take this list as comprehensive or authoritative. For instance, implementing MFA does not necessarily mean requiring MFA for all users; an insurer might require additional authentication only for users with privileged access to sensitive data and systems. In addition, remember that these controls are interrelated. For example, in order to require MFA for access to particular types of data, you need to know where sensitive and regulated data resides and have control over user and administrative privileges.

​ The value of the global cyber insurance market reached $13.33 billion in 2022 and is projected to soar to $84.62 billion by 2030. 

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No More Automatic Green Cards through Marriage

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Marrying a U.S. citizen has never automatically triggered a green card, but in 2025, the U.S. government has taken unprecedented steps to make the marriage-based residency process much stricter. If you’re considering this path, it’s critical to understand the significant changes and heightened scrutiny now shaping the journey from “I do” to permanent residency.

Increased Scrutiny on Marriage Fraud

The core reason for these changes is the government’s ongoing battle against immigration fraud. According to U.S. Citizenship and Immigration Services (USCIS), fake marriages remain one of the most common — and most aggressively prosecuted — forms of immigration fraud. This year, agencies have made clear that only genuine, legally recognized marriages will clear the hurdles for lawful permanent resident (green card) status. Sham marriages, or those arranged for immigration benefits rather than a bona fide relationship, are targeted for detailed investigation and potential deportation.

Step-by-Step: The Marriage-Based Green Card Process in 2025

  1. No More “Automatic” Green Cards
    • Marrying a U.S. citizen is only the first step. You must apply for a green card through a legal process that now requires extensive evidence your relationship is real and ongoing.
  2. Form and Filing Changes
    • In 2025, USCIS strictly enforces new editions of application forms — for adjustment of status (Form I-485), fiancé visas (Form I-129F), and petitions for relatives (Form I-130). Submitting even a single outdated page can trigger outright rejection, costing precious time and money.
  3. Evidence Requirements Have Tightened
    • Officials now demand clear, comprehensive proof of a genuine marital relationship. Examples include:
      • Joint bank accounts and tax returns
      • Shared leases, mortgages, or utility bills
      • Records of travel together
      • Messages, photos, and affidavits from friends/family
    • Simple wedding photos are no longer enough; fraud detection officers receive specialized training to spot faked documents and inconsistencies.
  1. Conditional Green Card—Not Permanent Right Away
    • If your marriage is less than 2 years old at the time of approval, you’ll be issued a conditional green card(“CR1”).
    • This allows you to live and work in the U.S. for 2 years, but it is a probationary period. Within the 90 days before the card expires, you and your spouse must jointly petition (Form I-751) to remove the conditions and receive a full, 10-year green card.
    • During this step, you must prove once again that the marriage remains genuine and was not entered into solely for immigration benefits. Failing to file, provide sufficient evidence, missing deadlines, or getting divorced before the end of this period can result in denial, deportation, or a permanent ban on reapplying.
  2. More Enforcement, More Risk

What Happens if the Marriage Ends?

  • Waivers are available if the marriage ends due to divorce or abuse, but the applicant must convincingly prove the marriage began in good faith, not to circumvent immigration laws.
  • If USCIS determines the relationship was fake or evidence is lacking, the applicant could face deportation and a lifetime ban from reapplying.
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Why Are These Changes Happening?

U.S. authorities say these reforms are a response to a real increase in attempted marriage fraud and the proliferation of “sham marriage” schemes. Recent years have seen several high-profile criminal cases and coordinated investigations. Protecting the legitimacy and security of the green card system has become a key national priority.

Key Takeaways for 2025 Applicants

  • Double-check all form editions and instructions before filing applications — even minor paperwork errors can now cost you your chance.
  • Prepare extensive evidence of a real, ongoing relationship. Start gathering financial records, joint leases, messages, travel documents, and third-party affidavits early.
  • Take conditional status seriously. Mark your calendar—with the stricter environment, missing even a procedural step could be disastrous.
  • Seek legal guidance if your circumstances are complex or you’ve faced any prior visa or immigration denials.

In short: Marrying a U.S. citizen in 2025 does not guarantee a green card. The process involves a two-year conditional period, multiple rounds of documentation, and close scrutiny to combat fraud. Real relationships, thorough preparation, and meticulous paperwork are essential to success in the new system.

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French President Macron Sues Candace Owens for Calling His Wife a Man

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Background

French President Emmanuel Macron and his wife, Brigitte Macron, have filed a defamation lawsuit in the United States against conservative commentator Candace Owens, following Owens’ repeated allegations that the First Lady is a man. The suit marks a notable escalation in a long-running campaign of harassment and conspiracy theories targeting Madame Macron, with the French couple now seeking legal redress beyond their home country.

Credit: Presidencia de la República Mexicana

Details of the Lawsuit

  • Filed In: Delaware Superior Court, United States
  • Plaintiffs: Emmanuel and Brigitte Macron
  • Defendant: Candace Owens and her business entities
  • Counts: 22 counts, including defamation and “false light”

The suit describes Owens’ claims as “outrageous, libelous, and implausible fabrications,” asserting that they have subjected the Macrons to “relentless bullying” and a “campaign of global humiliation.” The Macrons allege that Owens has repeatedly ignored credible evidence, favoring sensationalism and conspiracy to profit from their personal lives.

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Owens’ Statements and Actions

According to the legal filings:

  • Owens published a podcast series called Becoming Brigitte, and created social media content with her 4.5 million YouTube subscribers, asserting that Brigitte Macron is actually a man named Jean-Michel Trogneux (the name of Brigitte’s brother).
  • Owens also marketed merchandise and monetized content centered around these false claims.
  • She publicly declared that she would “stake [her] entire professional reputation” on these allegations, despite being repeatedly confronted with contrary evidence and direct denials from the Macrons.

The Macrons’ Response

The Macrons argue that:

Credit: Christophe Licoppe / European Union, 2025 / EC – Audiovisual Service

Context and Precedents

This lawsuit is unusual in that a sitting world leader is personally suing a foreign media personality in another country’s courts. Notably:

Credit: Gage Skidmore

What’s Next

The Macrons are seeking both compensatory and punitive damages, as well as a public correction of the record. Owens has stated she will address the lawsuit on her own podcast, but had not commented further as of the time of filing.

This high-profile case spotlights the difficulties public figures face in combating viral misinformation, while also raising questions about the limits of free speech, defamation laws, and international jurisdiction in the social media age.

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The U.S. Dollar Faces Its Biggest Shakeup in 60 Days

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Unprecedented Change on the Horizon

America’s financial system is experiencing sweeping transformation. A remarkable series of events—including landmark crypto legislation, China’s major reduction in U.S. Treasury holdings, and escalating friction between President Trump and Federal Reserve Chair Jerome Powell—signals a pivotal shift for the U.S. dollar and the future of global finance.

Congress Passes Groundbreaking Crypto Legislation

The GENIUS Act and More

  • The CBDC Anti-Surveillance State Act, which prohibits the Federal Reserve from issuing a retail central bank digital currency without congressional approval, effectively banning a U.S. government “digital dollar” CBDC.

Why it matters:
Advocates say these changes bring regulatory clarity, encourage the U.S. to maintain leadership in fintech, and respond to global competition, especially from China’s digital yuan and other BRICS initiatives.

China Dumps U.S. Treasuries to 16-Year Low

Implications:
While China remains a major holder, its steady sales draw global attention to the sustainability of U.S. debt financing and the dollar’s status as the world’s reserve currency.

Trump vs. the Fed: The Power Struggle Intensifies

The Digital Dollar Goes On-Chain

Market Impact: Crypto Leaders, Gold, and DeFi Technologies Rally

The Big Picture

  • These unprecedented developments represent the most significant change to the dollar system since the U.S. left the gold standard or the Federal Reserve was established.
  • America’s response to global monetary competition is now being shaped by a digital dollar, regulatory innovation, and shifting international alliances.
  • The next 60 days are primed for continued disruption, with the financial world watching closely for the long-term effects on the U.S. dollar’s dominance and the broader global order.
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