Remove Cyber Insurance Remove IoT Remove Ransomware
article thumbnail

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?

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.

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 10 Cybersecurity Trends to Expect in 2025

Hacker's King

Expansion of Cyber Insurance As cyberattacks grow in frequency and scale, the demand for cyber insurance will surge. In 2025, insurers will refine their policies to cover new threats such as ransomware and supply chain attacks, providing businesses with financial safeguards against cyber losses.

article thumbnail

Cyber Insurance Premiums Suddenly Surging

SecureWorld News

New research reveals that a record number of organizations are buying cyber insurance policies as a tool for protecting themselves against cyber risk. However, the cost for those policies is rising dramatically as cyber insurance premiums soar up to 30% vs. the previous year. cyber insurance market.

article thumbnail

Top Cybersecurity Trends to Watch Out For in 2025

Centraleyes

Ransomware Still Reigns Supreme Ransomware attacks continue to plague organizations globally, and 2024 will be no different. Attackers are becoming more organized, with ransomware-as-a-service (RaaS) operations providing easy access to malicious tools for even novice cybercriminals.

article thumbnail

State of Cybersecurity in Canada 2025: Key Insights for InfoSec Leaders

SecureWorld News

Key findings: the cyber threat landscape in 2025 1. Ransomware and state-sponsored attacks continue to escalate Canada's critical sectorsincluding healthcare, energy, education, and retailhave become prime targets for cybercriminals. Ransomware is no longer an "if" but a "when," making proactive defense strategies essential.

InfoSec 75
article thumbnail

26 Cyber Security Stats Every User Should Be Aware Of in 2024

Security Affairs

Ransomware Attacks: In 2023, a whopping 72.7% of organizations faced ransomware. Cyber Insurance: US cyber insurance premiums soared by 50% in 2022, reaching $7.2 Market Size: The AI cyber security market was worth around $17.4 Shockingly, 96% of these attacks come through email. million per breach.