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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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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.

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Cyber Insurance Costs Soaring: Is Your Organization Covered Enough?

SecureWorld News

Cybersecurity threats are a growing menace, wreaking havoc on businesses and individuals alike. In this digital battlefield, cyber insurance has emerged as a crucial shield, offering financial protection against data breaches, ransomware attacks, and other cyber incidents.

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Top 10 Cybersecurity Trends to Expect in 2025

Hacker's King

With the advent of new technologies and rising cyber threats , 2025 promises significant shifts in the cybersecurity domain. Companies will adopt stricter identity verification and access controls, ensuring that even internal users face rigorous authentication processes.

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What you need to know: The biggest cyber threats in 2024

Webroot

In today’s world, both small businesses and everyday consumers face a growing number of cyber threats. OpenText’s 2024 Threat Hunter Perspective sheds light on what’s coming next and how to protect yourself. Enable two-factor authentication (MFA) : For added protection, enable two-factor authentication on your accounts.

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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. The company says that ransomware accounted for 41% of cyber claims. Cyber insurance works.

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What you need to know: The biggest cyber threats in 2024

Webroot

In today’s world, both small businesses and everyday consumers face a growing number of cyber threats. OpenText’s 2024 Threat Hunter Perspective sheds light on what’s coming next and how to protect yourself. Enable two-factor authentication (MFA) : For added protection, enable two-factor authentication on your accounts.