Remove Cyber Insurance Remove Cyber Risk Remove Software
article thumbnail

Cyberinsurance and Acts of War

Schneier on Security

Zurich Insurance has refused to pay Mondelez International's claim of $100 million in damages from NotPetya. Those turning to cyber insurance to manage their exposure presently face significant uncertainties about its promise. Yet no cyber insurance policies cover this entire spectrum. Mondelez is suing.

article thumbnail

Cyber Insurers Pull Back Amid Increase in Cyber Attacks, Costs

eSecurity Planet

The explosion of ransomware and similar cyber incidents along with rising associated costs is convincing a growing number of insurance companies to raise the premiums on their cyber insurance policies or reduce coverage, moves that could further squeeze organizations under siege from hackers. In addition, the U.S.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Top 8 Cyber Insurance Companies for 2022

eSecurity Planet

That’s where cyber insurance 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 cyber insurance to help manage the associated financial risks.

article thumbnail

LW ROUNDTABLE: Compliance pressures intensify as new cybersecurity standards take hold

The Last Watchdog

Part three of a four-part series In 2024, global pressure on companies to implement advanced data protection measures intensified, with new standards in encryption and software transparency raising the bar. Similarly, software bills of materials (SBOMs) underscore the need for better accountability in third-party software.

article thumbnail

Cyber Insurance and the Changing Global Risk Environment

Security Affairs

When security fails, cyber insurance 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 cyber risk insurance.

article thumbnail

Scanning for Flaws, Scoring for Security

Krebs on Security

Is it fair to judge an organization’s information security posture simply by looking at its Internet-facing assets for weaknesses commonly sought after and exploited by attackers, such as outdated software or accidentally exposed data and devices? Data accidentally released by FICO about the Cyber Risk Score for ExxonMobil.

article thumbnail

Annual Reports: How They Warn of Cyber Risk

SecureWorld News

However, we were most interested in seeing how Accenture articulated a particular business risk: the risk from a cyberattack. On page 34 of the report, Accenture dives into the risk that cyber poses to the business. L egal, reputational and financial risks? That's where the fine print comes in.