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CyberSecurity Is Not Enough: Businesses Must Insure Against Cyber Losses

Joseph Steinberg

Ironically, while many larger enterprises purchase insurance to protect themselves against catastrophic levels of hacker-inflicted damages, smaller businesses – whose cyber-risks are far greater than those of their larger counterparts – rarely have adequate (or even any) coverage. Insurance is, therefore, always needed.

Insurance 364
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Inside the "3 Billion People" National Public Data Breach

Troy Hunt

I decided to write this post because there's no concise way to explain the nuances of what's being described as one of the largest data breaches ever. But hyperbole is often a theme with incidents like this, so let's take the headlines with a grain of salt and see what the data tells us. suffered #databreach.

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Cybersecurity Insurance

Schneier on Security

Good article about how difficult it is to insure an organization against Internet attacks, and how expensive the insurance is. Companies like retailers, banks, and healthcare providers began seeking out cyberinsurance in the early 2000s, when states first passed data breach notification laws.

Insurance 158
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Texas Tech University data breach impacted 1.4 million individuals

Security Affairs

Texas Tech University reports a data breach affecting 1.4 million, exposing personal, health, and financial data from its health sciences centers. Texas Tech University disclosed a data breach that impacted over 1.4 ” reads the notice of security breach published by the HSCs.

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Top Cybersecurity Trends to Watch Out For in 2025

Centraleyes

As we approach 2025, the cybersecurity landscape is evolving rapidly, shaped by technological advancements, regulatory shifts, and emerging threats. By 2027, 75% of employees are expected to acquire or modify technology outside of ITs control, up from 41% in 2022. To keep up, organizations must stay ahead of these developments.

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Group Health Cooperative data breach impacted 530,000 individuals

Security Affairs

Group Health Cooperative of South Central Wisconsin disclosed a data breach that impacted over 500,000 individuals. The Group Health Cooperative of South Central Wisconsin (GHC-SCW) is a non-profit organization that provides health insurance and medical care services to its members in the Madison metropolitan area of Wisconsin.

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Cyber-Liability Insurance 101: First Party Vs. Third Party Risks

Joseph Steinberg

Understanding the difference between the two is also essential when seeking to obtain – and when acquiring – cyber-liability insurance. Likewise, if you purchase appropriate first-party insurance, your insurance policy should cover the relevant losses – as the losses are borne directly by the policyholder (your business).

Insurance 141