We Live Security

SEPTEMBER 4, 2024

Would a more robust cybersecurity posture impact premium costs? These are some of the questions organizations should consider when reviewing their cyber insurance options Does the policy offer legal cover?

Cyber Insurance 85

Cyber Insurance Insurance Cybersecurity 85

We Live Security

AUGUST 8, 2024

Cyber insurance is not only a safety net, but it can also be a catalyst for advancing much-neededsecurity practices and standards.

Cyber Insurance 99

Cyber Insurance Insurance Cybersecurity 99

SecureWorld News

MARCH 20, 2024

In this regard, many have touted cyber insurance as the knight in shining armor, the end all-be all in terms of mitigating criminals' assaults on your network. Here, cyber insurance serves as an invaluable safety net by offering essential financial coverage and support services in the event of a ransomware attack occurring.

Cyber Insurance 96

Cyber Insurance Insurance Ransomware Risk 96

Security Boulevard

JANUARY 25, 2024

The growing number and sophistication of cyberattacks and the financial impact such incidents can have a company’s financial picture are driving more organizations to take out cybersecurity insurance, according to a survey from endpoint management firm Recast Software.

Cyber Insurance 104

Cyber Insurance Insurance Software Cybersecurity 104

Security Boulevard

OCTOBER 30, 2024

Cybersecurity is a leading concern for risk managers as AI-related cyber risks surge, and despite growing investments, many businesses still lack comprehensive cyber insurance, according to a Nationwide survey. The post AI Cyberattacks Rise but Businesses Still Lack Insurance appeared first on Security Boulevard.

Insurance 120

Insurance Cyber Insurance Cyber Risk Risk 120

SecureWorld News

APRIL 17, 2023

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. Is it required?

Cyber Insurance 102

Cyber Insurance Insurance Risk CISO 102

IT Security Guru

FEBRUARY 28, 2023

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.

Cyber Insurance 114

Cyber Insurance Insurance Marketing Cyber Risk 114

SecureWorld News

AUGUST 1, 2023

One aspect of these cyberattacks that has been hotly debated is the role that cybersecurity insurance plays in these incidents. To better understand the relationship between insurance and ransomware, U.K.-based This widely-held belief has fueled debates in policy-making circles and cybersecurity discussions.

Cyber Insurance 89

Cyber Insurance Insurance Ransomware Marketing 89

Security Boulevard

SEPTEMBER 6, 2024

The Trouble with Insurance Cyber insurers are increasingly being viewed with skepticism by organizations seeking protection […] The post Cyber Insurers Are Not Your Friend – Why a Warranty May Be a Better Option appeared first on CISO Global.

Cyber Insurance 75

Cyber Insurance Insurance CISO Technology 75

Security Boulevard

AUGUST 8, 2023

Prioritizing cyber insurance in a comprehensive information security program is a relatively new concept and navigating the process can be confusing. Even insurance companies sometimes have a hard time keeping up with the changing landscape. The post The MSP’s Role in Cyber Insurance appeared first on Security Boulevard.

Cyber Insurance 94

Cyber Insurance Insurance Information Security Cybersecurity 94

Security Boulevard

MARCH 15, 2023

With ransomware attacks, social engineering, and data breaches at an all-time high, terms like “cybersecurity” and “cyber insurance” are being thrown around in conversation more than ever before. The post The Comprehensive Value of Investing in Both Cybersecurity and Cyber Insurance appeared first on Security Boulevard.

Cyber Insurance 97

Cyber Insurance Insurance Social Engineering Cybersecurity 97

Joseph Steinberg

JULY 8, 2021

And even relatively rich organizations may fail altogether if they suffer the reputational harm that follows multiple serious cyber-incidents. Insurance is, therefore, always needed.

Insurance 364

Insurance Cyber Insurance Cybersecurity Small Business 364

eSecurity Planet

APRIL 22, 2022

That’s where cyber insurance may be able to help. If your company has not already experienced a significant cybersecurity event, it is probably only a matter of time before it does. However, a good cyber insurance provider can also leverage their partnerships to help your company afford better security controls.

Cyber Insurance 119

Cyber Insurance Insurance Marketing Small Business 119

CyberSecurity Insiders

FEBRUARY 17, 2022

For all those companies who are planning to renew their cyber insurance policy or are in a procedure to take one, here’s a piece of information that might interest you. Most of the Cyber Insurance companies have excluded ‘Cyber War’ consequences from their policies. that’s insane….isn’t isn’t it? that’s insane….isn’t

Cyber Insurance 120

Cyber Insurance Insurance Cyber Attacks Ransomware 120

Schneier on Security

JULY 1, 2021

Here’s one more contribution to that issue: a research paper that the insurance industry is hurting more than it’s helping. Although it is a societal problem, cyber insurers have received considerable criticism for facilitating ransom payments to cybercriminals.

Insurance 297

Insurance Cyber Insurance Ransomware Marketing 297

IT Security Guru

JUNE 28, 2022

The past decade has seen cybersecurity barge its way into the mainstream. A meteoric rise in attack rates during COVID-19 , major incidents such as the Colonial Pipeline attack, and an increasingly tense geopolitical landscape have all contributed to cybersecurity’s current position at the top of global news feeds. It didn’t take off.

Cyber Insurance 135

Cyber Insurance Insurance Small Business Marketing 135

Adam Levin

SEPTEMBER 7, 2020

With the average cost of a data breach exceeding three million dollars, cyber insurance has become a necessity for SMBs. The post SMBs and Cyber Insurance – Third Certainty #27 appeared first on Adam Levin. Find out more on the latest episode of Third Certainty with Adam Levin.

Cyber Insurance 130

Cyber Insurance Insurance Data breaches Cybersecurity 130

Security Boulevard

APRIL 9, 2023

From Lloyd’s of London to the new National Cybersecurity Strategy, the future of cyber insurance is evolving fast. The post Major Cyber Insurance Overhaul Begins Now appeared first on Security Boulevard. What do you need to watch?

Cyber Insurance 90

Cyber Insurance Insurance Cybersecurity 90

Security Boulevard

APRIL 25, 2024

million, according to Sophos Guide to Cyber Insurance, 2023. The post MDR Can Make an Impact on Cyber Insurance appeared first on Pondurance. The post MDR Can Make an Impact on Cyber Insurance appeared first on Security Boulevard. The average cost for a company to recover from a ransomware attack is $1.82

Cyber Insurance 72

Cyber Insurance Insurance Ransomware Cybersecurity 72

The Last Watchdog

JANUARY 20, 2020

To help mitigate the risk of financial losses, more companies are turning to cyber insurance. Related: Bots attack business logic Cyber insurance, like other forms of business insurance, is a way for companies to transfer some of numerous potential liability hits associated specifically with IT infrastructure and IT activities.

Cyber Insurance 222

Cyber Insurance Insurance Data breaches Risk 222

Security Boulevard

NOVEMBER 12, 2021

The post Are Cyber Insurers Cybersecurity’s New Enforcers? That means cyberattacks targeting enterprises and individuals are happening at a rate of about one attack every few seconds. The average ransom payment made by a business to. appeared first on Security Boulevard.

Cyber Insurance 145

Cyber Insurance Insurance Ransomware Cybersecurity 145

Security Boulevard

JULY 26, 2024

TL;DR: Cyber liability insurance is essential, but premiums are increasing, and numerous exclusions exist. Why Do Organizations Need Cyber Liability Insurance? Cyber liability insurance has become an important component of every organization’s cyber strategy.

Cyber Insurance 80

Cyber Insurance Insurance Risk CISO 80

SecureWorld News

APRIL 29, 2022

Cyber insurance is a topic that many industry professionals have an opinion on. No matter what side of the debate you land on, one thing is certain: the cost of cyber insurance has been rising for years and will likely continue to do so. cyber insurance rate changes.

Cyber Insurance 86

Cyber Insurance Insurance Cyber Risk Security Defenses 86

Security Boulevard

FEBRUARY 11, 2021

In 2021, rethinking your cyber insurance strategy should be a top priority for CISOs and executive leadership. The elevated risk landscape is driving growing demand for cyber insurance: Nearly four out of five organizations. The post Is it Time to Update Your Cyber Insurance Strategy?

Cyber Insurance 140

Cyber Insurance Insurance CISO Risk 140

Schneier on Security

SEPTEMBER 10, 2019

Good paper on cybersecurity insurance: both the history and the promise for the future. From the conclusion: Policy makers have long held high hopes for cyber insurance as a tool for improving security. Cyber insurance appears to be a weak form of governance at present.

Insurance 212

Insurance Cyber Insurance Cybersecurity Risk 212

CSO Magazine

APRIL 21, 2021

Faced with increasing payouts and a likely storm of litigation around the recent SolarWinds and Microsoft Exchange server compromises, cyber insurers are facing an “existential battle” for their future, a leading cybersecurity researcher and privacy consultant has warned.

Cyber Insurance 142

Cyber Insurance Insurance Cybersecurity 142

Graham Cluley

MARCH 28, 2021

Insurance firm CNA Hardy says that it has suffered a “sophisticated cybersecurity attack” that has impacted its operations, including its email system.

Cyber Insurance 141

Cyber Insurance Insurance Ransomware Cybersecurity 141

Security Boulevard

FEBRUARY 9, 2022

The costs and impacts of the SolarWinds breach were a wakeup call for third-party software vendors and their insurers. By the end of 2021, SolarWinds had spent more than $40 million on response and repairs, according to an end of year analysis by Cybersecurity Dive.

Cyber Insurance 98

Cyber Insurance Insurance Software Cybersecurity 98

CyberSecurity Insiders

AUGUST 15, 2022

Ever wondered what is covered and what is not in your Cyber Insurance Policy? If not, you better review the guidelines and inform all your C-level employees on strategies to cope with the losses that remain out of the cyber insurance cover. Otherwise, the cyber insurer will not offer any policy coverage.

Cyber Insurance 90

Cyber Insurance Insurance Data collection Antivirus 90

Security Boulevard

OCTOBER 1, 2022

If these companies – with their large, dedicated cybersecurity teams – are vulnerable, so is every other company. No wonder the cyber insurance market is expected to grow at a compound average rate of almost 25 percent […]. The post Preparing for Cyber Insurance? The post Preparing for Cyber Insurance?

Cyber Insurance 111

Cyber Insurance Insurance Data breaches Marketing 111

Thales Cloud Protection & Licensing

MAY 10, 2022

Checklist for Getting Cyber Insurance Coverage. As cyber criminals mature and advance their tactics, small and medium businesses become the most vulnerable because they lack the capacity – staff, technology, budget - to build strong cyber defenses. The necessity for cyber-insurance coverage.

Cyber Insurance 77

Cyber Insurance Insurance Cyber Risk Cyber Attacks 77

Security Boulevard

JULY 25, 2023

Picture this: your company falls victim to a cyber-attack, resulting in loss of revenue and significant operational downtime. The post Cyber Insurance: The Key to Business Resilience in a Risky World appeared first on Security Boulevard. Do you know what your next steps should be?

Cyber Insurance 98

Cyber Insurance Insurance Cyber Attacks Cybersecurity 98

Security Boulevard

OCTOBER 13, 2021

Will NYDFS’s Cyber Insurance Framework Set a Precedent for the Cyber Insurance Industry? As ransomware attacks reach unprecedented numbers and the number of record exposures continues to skyrocket, an increasing number of organizations are at risk of attack—and the cyber insurance industry is taking note.

Cyber Insurance 115

Cyber Insurance Insurance Risk Ransomware 115

Malwarebytes

JULY 10, 2022

Without cyber insurance , you can expect to pay a dizzying amount of cash. In 2022 alone, the average cost of a data breach for businesses under 1,000 employees was close to $3 million—and these costs are coming from activities that cyber insurers typically cover, such as detecting and responding to the breach.

Cyber Insurance 86

Cyber Insurance Insurance Data breaches Phishing 86

CyberSecurity Insiders

MARCH 18, 2021

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. ·

Cyber Insurance 111

Cyber Insurance Insurance Cyber Risk Financial Services 111

Dark Reading

FEBRUARY 8, 2023

From prevention and detection processes to how you handle policy information, having strong cyber insurance coverage can help mitigate cybersecurity attacks.

Cyber Insurance 78

Cyber Insurance Insurance Cybersecurity 78

Tech Republic Security

JULY 4, 2024

Rates have declined by 15% since the market peak in 2022, according to Howden Insurance Brokers.

Insurance 142

Insurance Cyber Insurance Marketing Backups 142