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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.

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What is not included in a Cyber Insurance Policy

CyberSecurity Insiders

Ever wondered what is covered and what is not in your Cyber Insurance Policy? If not, you better review the guidelines and inform all your C-level employees on strategies to cope with the losses that remain out of the cyber insurance cover. Otherwise, the cyber insurer will not offer any policy coverage.

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Insurance company says it will no longer cover state funded Cyber Attacks

CyberSecurity Insiders

Lloyd’s of London Insurance, simply known as Lloyd’s Insurance, has released a media update that it will no longer cover losses that were incurred because of cyber wars among nations. The post Insurance company says it will no longer cover state funded Cyber Attacks appeared first on Cybersecurity Insiders.

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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. However, in practice, it is still yet to be seen if cyber insurance can fulfil this promise.”.

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As market for cyber insurance booms, watchdog calls for better data

SC Magazine

Overall, insurance companies seem to be responding to increased demand from clients for cyber-specific insurance, and one survey found that the two things most likely to spur a purchase of cyber insurance are when a business experiences a cyber attack and when they hear about other companies being hit by a cyber attack.

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Major Cyber Attacks that took place so far in 2021

CyberSecurity Insiders

Microsoft Exchange Server Cyber Attack- Cyber Threat actors somehow infiltrated the email servers of Microsoft Exchange operating across the world through a vulnerability and accessed data of many government and private companies.

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SHARED INTEL Q&A: My thoughts and opinions about cyber threats — as discussed with OneRep

The Last Watchdog

Kapczynski Erin: Could you share your thoughts on the role of artificial intelligence, machine learning and the growth of IoT devices in both cyber defense and cyberattacks? Byron: To detect deep fakes, organizations can use digital watermarking, AI-driven detection tools, and media provenance tracking.