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CyberSecurity Is Not Enough: Businesses Must Insure Against Cyber Losses

Joseph Steinberg

Ironically, while many larger enterprises purchase insurance to protect themselves against catastrophic levels of hacker-inflicted damages, smaller businesses – whose cyber-risks are far greater than those of their larger counterparts – rarely have adequate (or even any) coverage.

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The Cyber Insurance Landscape Has Grown More Complicated

SecureWorld News

When considering adding a cyber insurance policy, organizations, both public and private, must weigh the pros and cons of having insurance to cover against harm caused by a cybersecurity incident. Having cyber insurance can help ensure compliance with these requirements. Let's break it down to the pros and cons.

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4 ways businesses can save money on cyber insurance

Malwarebytes

So, your business has just suffered a data breach and it’s time to dig deep in your pockets to pay all the resulting expenses. Without cyber insurance , you can expect to pay a dizzying amount of cash. Here are four ways your business can save money on its insurance. How is cyber insurance priced?

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Security Affairs newsletter Round 494 by Pierluigi Paganini – INTERNATIONAL EDITION

Security Affairs

Every week the best security articles from Security Affairs are free in your email box. A new round of the weekly SecurityAffairs newsletter arrived! Enjoy a new round of the weekly SecurityAffairs newsletter, including the international press.

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Cyber liability insurance vs. data breach insurance: What's the difference?

CSO Magazine

Finding the right insurance has become a key part of the security equation, which is no surprise given that the average cost of a data breach in the US has risen to $9.44 The global cyber insurance market was valued at $13.33 To read this article in full, please click here billion in 2023 to $84.62

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13 Important Considerations When Obtaining Cyber Liability Insurance

Joseph Steinberg

(I co-wrote this article with Mark Lynd , CISSP, ISSAP & ISSMP, Head of Digital Business at NETSYNC.). Likewise, cyber insurance policies for individuals are starting to appear in the marketplace.

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P-to-P fraud most concerning cyber threat in 2023: CSI

CSO Magazine

CSI), followed by data breaches (23%), ransomware (20%) and a breach at a third party (15%). To read this article in full, please click here It was cited by 29% of respondents in a survey by Computer Systems Inc. It received responses from 228 banking executives, 171 of them at vice-president level or above.