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Cyber Insurance Premiums Decline as Businesses Boost Security Measures

SecureWorld News

Global cyber insurance premiums are declining despite an uptick in ransomware attacks, according to a recent report by insurance broker Howden. This trend reflects improved business security practices, evolving insurance industry dynamics, and changing attitudes toward cyber risk management. Sarah Neild, head of U.K.

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The future of cyber insurance

IT Security Guru

Cyber insurers are losing money. Their loss ratios – total claims plus the insurer’s costs, divided by total premiums earned – are now consistently above 60%, which presents something of an existential threat to the insurance industry, making cyber risk a potentially uninsurable area due to falling profitability.

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5 Ways Businesses Can Stay Ahead of Cybersecurity Attacks

CyberSecurity Insiders

Besides reputational damage, cybersecurity attacks also lead to operational disruptions that lead to loss of revenue. When a company finds ways to stay safe from cybersecurity attacks , its confidential information and data remain secure and confidential. Here are ways businesses can stay ahead of cybersecurity attacks.

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To Cover or Not to Cover: The Cyber Liability Insurance Quandary Facing Small- and Medium-Sized Businesses

Duo's Security Blog

Much has been published about how the demand — and subsequent cost — for cyber liability insurance has skyrocketed in line with increasing incidents of cyberattacks. The state of cyber liability insurance The topic of cyber liability insurance is full of datapoints, statistics and graphs all showing upward trajectories.

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Cybersecurity for Nonprofits: Cost-Effective Defense Strategies

SecureWorld News

Battling cybersecurity threats can often feel like an uphill struggle. Let's take a closer look at some key cybersecurity strategies for nonprofits to consider. Let's take a closer look at some key cybersecurity strategies for nonprofits to consider.

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Ransomware: Number One Cyber Insurance Claim

SecureWorld News

Trends of cyber insurance claims for 2020. Coalition, a cyber insurance company, recently released a report detailing the categories of cyber attacks as well as the cause behind the attacks for the first half of 2020. 4 key takeaways from cyber insurance industry report. Cyber insurance works.

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New Ransom Payment Schemes Target Executives, Telemedicine

Krebs on Security

Alex Holden is founder of Hold Security , a Milwaukee-based cybersecurity firm. The CLOP members said one tried-and-true method of infecting healthcare providers involved gathering healthcare insurance and payment data to use in submitting requests for a remote consultation on a patient who has cirrhosis of the liver. ” .