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Cyber Insurance Costs Soaring: Is Your Organization Covered Enough?

SecureWorld News

In this digital battlefield, cyber insurance has emerged as a crucial shield, offering financial protection against data breaches, ransomware attacks, and other cyber incidents. This puts a strain on insurance companies, who are forced to adjust premiums to maintain solvency.

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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. emphasizes governance, while the SEC mandates cyber risk reporting and incident disclosures.

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The Evolving Role of Cyber Insurance in Mitigating Ransomware Attacks

SecureWorld News

Ransomware attacks have become a significant threat to organizations of all kinds worldwide, with attackers encrypting data and demanding payment for its release. 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.

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Have board directors any liability for a cyberattack against their company?

Security Affairs

The size of the cyber risk to companies cannot be underestimated. To indicate the size of the cyber risk to companies, there is, on average, a cyber-attack every 39 seconds, which does not mean that every attack is successful, but that there is an attempt to access companies’ computer systems with that frequency.

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MSPs: Becoming the Trusted Cyber Insurance Advisor

Duo's Security Blog

With the rate that new threats emerge, it may come as no surprise that cyber liability insurance can be traced back to 1997. In its modern iteration, cyber liability insurance mitigates the losses and business costs associated with cyber incidents and resulting downtime. What would an insurer do?

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How Cybersecurity Insurance Can Work To Help An Organization

Thales Cloud Protection & Licensing

How Cybersecurity Insurance Can Work To Help An Organization. For many years, organizations had limited options for addressing data protection risks. A company could never eliminate risk, but they could try to reduce or mitigate it. The function of cybersecurity insurance. What does cybersecurity insurance cover?

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Podcast Episode 117: Insurance Industry Confronts Silent Cyber Risk, Converged Threats

The Security Ledger

In this episode of the podcast (#117), we go deep on one of the hottest sectors around: cyber insurance. In the first segment, we talk with Thomas Harvey of the firm RMS about the problem of “silent cyberrisk to insurers and how better modeling of cyber incidents is helping to address that threat.