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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. Can companies live without cyber insurance?

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New Cyber Insurance Guidelines for New York businesses

CyberSecurity Insiders

After the SolarWinds cyber attack on Govt infrastructure, the government of United States seems to have taken Cybersecurity as a top priority to rectify any flaws that could make way to any future cyber attacks in the future. Maintain a senior management and board approved cyber insurance risk strategy. ยท

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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 number one type of cyber incident so far this year is ransomware.

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Cost of state cyber attacks not to be covered under insurance says Lloyd

CyberSecurity Insiders

Bank of America has expressed its concerns over Lloyd’s recent policy decision to exclude cyber insurance coverage for large corporations hit by cyber attacks funded by adversary states. The post Cost of state cyber attacks not to be covered under insurance says Lloyd appeared first on Cybersecurity Insiders.

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Cyber-Liability Insurance 101: First Party Vs. Third Party Risks

Joseph Steinberg

Third-party insurance policies may include coverage, therefore, for the costs of defending lawsuits from parties who claim that their data was compromised as a result of your business’s failure to properly protect it, as well as the costs of court verdicts or settlements resulting from such lawsuits.

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Ransomware Protection in 2021

eSecurity Planet

A ransomware attack is about as bad as a cyber attack can get. It can shut down your business โ€“ in the case of healthcare organizations that can be life-threatening for patients โ€“ damage your reputation with customers and employees, and invite further attacks as cybercriminals view your organization as an easy mark.

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Top Cybersecurity Startups to Watch in 2022

eSecurity Planet

Most traditional tools used for investigating cyber attacks cannot assess potential impacts on these environments. Cowbell Cyber. Cowbell Cyber is a dedicated cyber insurance company that relies on continuous risk assessment, AI data analytics, and real-time underwriting to give clients pre- and post-breach services.