Remove Backups Remove Cyber Attacks Remove Cyber Insurance Remove Media
article thumbnail

The future of cyber insurance

IT Security Guru

Cyber insurers are losing money. Their loss ratios – total claims plus the insurer’s costs, divided by total premiums earned – are now consistently above 60%, which presents something of an existential threat to the insurance industry, making cyber risk a potentially uninsurable area due to falling profitability.

article thumbnail

Scant evidence that cyber insurance boom is leading to better security

SC Magazine

The rise of the cyber insurance has largely failed to promote better cybersecurity practices among the industries they cover, according to a new report released Monday from British security think tank RUSI. Photo by Spencer Platt/Getty Images). But recent research shows that’s not happening.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to build a cyber capable board

Security Boulevard

businesses can be built on, and destroyed by, cyber risk. 7 Practise dealing with the media. Serious cyber incidents will hit the headlines, so you need to have a media management strategy ready to limit any reputational damage. discuss how your company’s culture supports cyber security and risk management.

article thumbnail

G Suite Security Insurance for SMB

Spinone

Cybersecurity is often overlooked by small business, but over 60% of cyber attacks are targeted at small to medium-sized businesses. G Suite security insurance removes and mitigates major risks of malware attacks and imposes those on the insurance company. There are many G Suite security risks.

article thumbnail

Ransomware Protection in 2021

eSecurity Planet

A ransomware attack is about as bad as a cyber attack can get. It can shut down your business – in the case of healthcare organizations that can be life-threatening for patients – damage your reputation with customers and employees, and invite further attacks as cybercriminals view your organization as an easy mark.

article thumbnail

Law Firm to the Stars Hit by Ransomware Attack

SecureWorld News

A long list of powerful stars and media companies are nervous right now, wondering how many of their legal dealings might soon be spilled onto the web for the world to see. What do we know about this cyber attack on law firm of the stars? What could be happening behind the scenes of this ransomware attack?