Schneier on Security

FEBRUARY 13, 2019

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.

Cyber Insurance 233

Cyber Insurance Insurance Cyber Risk Risk 233

SecureWorld News

NOVEMBER 3, 2023

Cyber liability and crime insurance are like a safety net for businesses, but they're not perfect. Third, cyber risks are constantly evolving, and insurance companies may not be able to keep up. New threats are emerging all the time, and it can take time for insurance companies to update their policies.

Insurance 104

Insurance Cyber Risk Risk Cyber Insurance 104

Security Boulevard

JULY 24, 2024

Taking a risk-based approach to cyber risk and quantifying cyber risk empowers businesses to truly focus on mitigating the risks that really matter. The post Cyber Insurance Market Evolves as Threat Landscape Changes appeared first on Security Boulevard.

Cyber Insurance 120

Cyber Insurance Insurance Marketing Cyber Risk 120

SecureWorld News

MAY 1, 2024

Department of the Treasury's Federal Insurance Office (FIO) announced a major new initiative this week to improve the insurance industry's capabilities around modeling and underwriting terrorism and catastrophic cyber risks.

Cyber Risk 113

Cyber Risk Risk Insurance Cyber Insurance 113

CSO Magazine

DECEMBER 1, 2021

Cyber insurance definition. Cyber insurance, also referred to as cyber risk insurance or cyber liability insurance coverage (CLIC), is a policy with an insurance carrier to mitigate risk exposure by offsetting costs involved with damages and recovery after a cyber-related security breach or similar event.

Cyber Insurance 126

Cyber Insurance Insurance CSO Cyber Risk 126

CyberSecurity Insiders

SEPTEMBER 13, 2022

Chief Financial Officers aka CFOs are ignoring billions of dollars loss incurred through cyber risks and threats, says a survey. So, as to understand the investment strategies, expenditure and risks involved in evading budget allotment to cyber incidents. So, how CFOs should respond to such situations?

Cyber Risk 131

Cyber Risk Risk Cyber Insurance Insurance 131

Joseph Steinberg

JUNE 15, 2021

.” Of course, even organizations that spend a billion dollars per year on cybersecurity are not immune to breaches – which is why financial institutions also utilize other cyber-risk management techniques, including implementing robust disaster recovery plans, and obtaining appropriate cyber-liability insurance.

Cybersecurity 364

Cybersecurity Artificial Intelligence Banking Insurance 364

SecureWorld News

JULY 2, 2024

Global cyber insurance premiums are declining despite an uptick in ransomware attacks, according to a recent report by insurance broker Howden. This trend reflects improved business security practices, evolving insurance industry dynamics, and changing attitudes toward cyber risk management.

Cyber Insurance 115

Cyber Insurance Insurance Cyber Risk Marketing 115

CSO Magazine

DECEMBER 1, 2021

Cyber insurance definition. Cyber insurance, also referred to as cyber risk insurance or cyber liability insurance coverage (CLIC), is a policy with an insurance carrier to mitigate risk exposure by offsetting costs involved with damages and recovery after a cyber-related security breach or similar event.

Cyber Insurance 130

Cyber Insurance Insurance CSO Cyber Risk 130

SecureWorld News

JANUARY 11, 2024

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.

Cyber Insurance 122

Cyber Insurance Insurance Cyber Risk Data breaches 122

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 Cyber Attacks 111

CSO Magazine

OCTOBER 21, 2021

Could such variations trigger changes in the cyber insurance market and, if so, how will they impact insurance carriers and organizations? Learn the 7 keys to better risk assessment. | Get the latest from CSO by signing up for our newsletters. ]. Shifting ransomware priorities impacting claim costs.

Cyber Insurance 133

Cyber Insurance Insurance Ransomware CSO 133

IT Security Guru

JUNE 28, 2022

Enter cyber insurance. 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. Unfortunately, transferring traditional insurance models to the cyber-sphere isn’t an easy task.

Cyber Insurance 143

Cyber Insurance Insurance Small Business Marketing 143

eSecurity Planet

MAY 27, 2021

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. Insurers Assessing Risks.

Cyber Insurance 128

Cyber Insurance Insurance Cyber Attacks Ransomware 128

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. Can companies live without cyber insurance?

Cyber Insurance 117

Cyber Insurance Insurance Risk CISO 117

CSO Magazine

DECEMBER 1, 2021

Cyber insurance definition. Cyber insurance, also referred to as cyber risk insurance or cyber liability insurance coverage (CLIC), is a policy with an insurance carrier to mitigate risk exposure by offsetting costs involved with damages and recovery after a cyber-related security breach or similar event.

Cyber Insurance 109

Cyber Insurance Insurance CSO Cyber Risk 109

CSO Magazine

FEBRUARY 20, 2023

With cyberattacks rising at an alarming rate around the world, cyber insurance has become an increasingly popular layer of protection for businesses across all sectors.

Cyber Insurance 112

Cyber Insurance Insurance Cyber Risk Risk 112

eSecurity Planet

APRIL 22, 2022

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.

Cyber Insurance 119

Cyber Insurance Insurance Marketing Small Business 119

SC Magazine

APRIL 19, 2021

AIG is one of the top cyber insurance companies in the U.S. Today’s columnist, Erin Kennealy of Guidewire Software, offers ways for security pros, the insurance industry and government regulators to come together so insurance companies can continue to offer insurance for ransomware. eflon CreativeCommons CC BY 2.0.

Insurance 113

Insurance Cyber Insurance Ransomware InfoSec 113

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 113

Cyber Insurance Insurance Ransomware Risk 113

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 98

Cyber Insurance Insurance Cyber Risk Security Defenses 98

Security Boulevard

NOVEMBER 1, 2022

Solving distinctly separate challenges like cyber insurance, compliance and regulations, and visibility for the board is an overwhelming task, but what if you could solve these issues with a single solution? The post Cyber Risk Quantification: Three Key Use Cases appeared first on Axio.

Cyber Risk 86

Cyber Risk Risk Cyber Insurance Insurance 86

SC Magazine

FEBRUARY 8, 2021

Every time a driver buckles up or an airbag is deployed we see the powerful influence of the insurance companies who insisted those measures become mandatory. Now, those insurers are poised to drive cybersecurity investment by insisting that organizations meet certain criteria to qualify for coverage. A maturing model.

Insurance 126

Insurance Cybersecurity Cyber Insurance Government 126

Security Boulevard

MARCH 9, 2023

Add “that’s where the data is” to crime risk for the financial industry today, including banks, insurance companies, lenders, investment companies, credit agencies, exchanges and the many third parties that make the money go around.

Cyber Risk 98

Cyber Risk Risk Banking Insurance 98

Security Boulevard

JUNE 6, 2024

Quantitative Risk models have long been applied in the financial and insurable risk fields and are now being used extensively in cybersecurity. Quantifying risk helps manage risk by breaking it down and expressing it mathematically. What is Cyber Risk Quantification?

Cyber Risk 72

Cyber Risk Risk Insurance Cybersecurity 72

Security Boulevard

MARCH 3, 2021

In this part of the blog series on the connection between cybersecurity and insurance, we go through a real-life situation that demonstrates how insurance policies may or may not provide you the necessary coverage in the event of a cyber-attack. A Standalone Cyber Insurance Policy Isn’t Enough As discussed in our previous blog, a.

Insurance 105

Insurance Cyber Attacks Cyber Insurance Cybersecurity 105

SecureWorld News

OCTOBER 20, 2021

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? And that is the end of the section on cyber risk.

Cyber Risk 98

Cyber Risk Risk Insurance Cyber Insurance 98

Security Affairs

APRIL 22, 2022

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.

Cyber Insurance 100

Cyber Insurance Insurance Risk Technology 100

The Last Watchdog

NOVEMBER 20, 2023

The Qualys Enterprise TruRisk Platform centers around helping customers holistically measure, effectively communicate, and proactively eliminate cyber risk, with a hyper focus on the impact of cyber risk on business risk.

Cyber Risk 100

Cyber Risk Risk CISO Insurance 100

The Last Watchdog

JANUARY 30, 2019

Turn the corner into 2019 and we find Citigroup, CapitalOne, Wells Fargo and HSBC Life Insurance among a host of firms hitting the crisis button after their customers’ records turned up on a database of some 24 million financial and banking documents found parked on an Internet-accessible server — without so much as password protection.

Cyber Risk 147

Cyber Risk Risk Financial Services Banking 147

Security Boulevard

FEBRUARY 17, 2021

In this part of the blog series on the connection between cybersecurity and insurance, we move into the adoption of cybersecurity insurance and what is typically covered by these policies. Beginnings: the need to distinguish between digital and physical property Cybersecurity insurance is a new product concept.

Insurance 106

Insurance Cybersecurity Cyber Risk Risk 106

SecureWorld News

MAY 26, 2021

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.

Cyber Insurance 78

Cyber Insurance Insurance Cyber Risk Marketing 78

Duo's Security Blog

OCTOBER 7, 2022

In this blog, we explain why it makes sense for these firms to work with managed service providers (MSPs) to help bolster their security posture and increase their chances of getting cyber liability insurance cover as insurers continue to raise the bar. Small business cyber insurance: Is it really needed?

Small Business 98

Small Business Cyber Insurance Insurance Cyber Risk 98

SC Magazine

MAY 24, 2021

In a report released May 20, the Government Accountability Office looked at how the private cybersecurity insurance market has developed over the past five yearsRich Baich is global chief information security officer for insurance giant AIG. Photo by Spencer Platt/Getty Images).

Cyber Insurance 94

Cyber Insurance Insurance Marketing Cyber Risk 94

Security Boulevard

MAY 11, 2022

Buying a cyber risk insurance program can help outsource residual risk, and deploying multi-factor authentication is […]… Read More. The post Multi-Factor Authentication: A Key to Cyber Risk Insurance Coverage appeared first on The State of Security. However, cybersecurity is not bullet-proof.

Cyber Risk 52

Cyber Risk Insurance Authentication Risk 52

Security Boulevard

AUGUST 22, 2022

Responsive Insurance chooses Blackfog to stay ahead of cyber risk with fully automated cyberattack prevention. The post Insurer Chooses BlackFog to Stay Ahead of Cyber Risk appeared first on Security Boulevard.

Cyber Risk 52

Cyber Risk Insurance Risk 52

SC Magazine

MAY 19, 2021

The development of cybersecurity insurance has played an important role in determining how companies prepare for and respond to ransomware attacks and the resulting fallout. That in itself has evolved, as insurers and insured learn just how expensive that fallout can be. The ransomware reality check for insurers.

Cyber Insurance 102

Cyber Insurance Insurance Marketing Ransomware 102