Artificial Intelligence Cyber Insurance Event Ransomware 
SecureWorld News
MARCH 20, 2024
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.
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.
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Joseph Steinberg
JULY 8, 2021
Not only are they not protected against their own losses, but many have zero liability protection in the event that they somehow become a hacker’s catalyst for inflicting cyber-damage on others. iBynd also has a first-of-its-kind Personal Cyber Insurance offering that it delivers directly to consumers through CyberInsurancePlus.com.
Security Boulevard
JULY 30, 2022
More and more businesses are using artificial intelligence (AI) to improve efficiency. However, deploying unproven artificial intelligence (AI) could result in unexpected outcomes, including a higher risk of cybercrime. In the case of ransomware, should the organization pay the ransom? Distortion or reality?
Krebs on Security
MARCH 2, 2023
less dependent on foreign suppliers; the National Artificial Intelligence Initiative ; and the National Strategy to Secure 5G. On the ransomware front, the White House strategy seems to focus heavily on building the capability to disrupt the digital infrastructure used by adversaries that are threatening vital U.S.
Joseph Steinberg
AUGUST 5, 2021
Likewise, cyber insurance policies for individuals are starting to appear in the marketplace. Remember, a cyber-insurance policy is a legal contract – it is absolutely essential that policyholders adhere to policy requirements or they may find their otherwise valid claims denied should a cybersecurity incident occur.
Joseph Steinberg
AUGUST 5, 2021
First-party insurance, therefore, typically covers the costs of actions needed after a data breach, extortion, ransomware attack, or other hacker malfeasance. First-party insurers may also pay ransomware ransoms, for the costs of notifying customers of a data breach, and for lost business during incident-related downtime.
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