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New York, NY, July 27, 2023 – QBE North America today announced the launch of a cyberinsurance program with new MGA, Converge, acting as program administrator. The program will be broken down into two separate distribution structures, each with a distinct revenue focus and cyber security data access formation.
And even relatively rich organizations may fail altogether if they suffer the reputational harm that follows multiple serious cyber-incidents. iBynd also has a first-of-its-kind Personal CyberInsurance offering that it delivers directly to consumers through CyberInsurancePlus.com.
This is especially true if the company looking for cover hasn’t taken adequate enough steps to minimize cyberrisks itself. As I covered in my other blog — Cyber Liability Insurance Essentials for Small and Medium-Sized Enterprises — there are several approaches firms can take to increase their chances of obtaining a policy.
Enter cyberinsurance. We insure almost everything – our homes, our cars, even our lives. At first glance, it seems odd that most businesses don’t insure against something as potentially devastating as cybercrime. Cybersecurity professionals remain divided as to the future of cyberinsurance.
That’s where cyberinsurance may be able to help. For that reason, most experts now recognize that a complete cybersecurity strategy not only includes technological solutions aimed at preventing, detecting, and mitigating attacks, it should also include cyberinsurance to help manage the associated financial risks.
When security fails, cyberinsurance can become crucial for ensuring continuity. Cyber has changed everything around us – even the way we tackle geopolitical crisis and conflicts. Our reliance on digital technology and the inherited risk is a key driving factor for buying cyberriskinsurance.
With cutting-edge technologies stacked into a robust platform, Guardz’s solution continuously monitors businesses’ digital landscapes to protect their entire range of assets, enables them to react to cyberrisks in real time with swift remediations, and provides cyberinsurance for peace of mind.
He helps senior decision makers overcome cybersecurity sales objections and manages unlimited cyberrisks through rigorous prioritization. In the private sector, he was a CISO for an insurance company, credit card processor, bank, credit union, and IT Managed Service Provider. See the conference agenda and register here.
It joins Insurance, Reinsurance, Real Estate Services and Asset Management as divisions powered by Acrisure’s technology capabilities and global distribution network. Businesses in every industry face complex cyberrisk, particularly the millions of small and midsize companies comprising much of Acrisure’s client base.
His name is Omar Masri and he's a software engineer and also the founder and CEO of Mamari.io, which helps businesses overcome the cost and complexities of cybersecurity, preventing attacks while meeting compliance and cyberinsurance requirements. You got hacked, you’re sort of just paid, your insurance covered it.
The impact will be felt well beyond the involved countries of Canada, USA, Mexico, and China," said Kenrick Bagnall , Founder, KONCYBER & RB-Cyber Assurance; Royal Candian Mounted Police (RCMP) Contractor/Instructor; Toronto Police Service (Cybercrime Unit) (Ret.). " These tariffs will create real cyberrisks.
In this blog, I’m exploring these changes, grouped under key categories that I’ve used in previous years, to help business leaders and cyberrisk owners better prepare for the evolving landscape. CyberInsuranceCyberinsurance will become an essential component of risk management strategies.
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