IT Security Guru

FEBRUARY 28, 2023

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.

Cyber Insurance 114

Cyber Insurance Insurance Marketing Cyber Risk 114

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.

Cyber Insurance 128

Cyber Insurance Insurance Cyber Attacks Ransomware 128

CyberSecurity Insiders

NOVEMBER 15, 2022

Cyber Insurance premiums are becoming dearer and the reason for such a rise is claimed to be sophistication in attacks that are making mitigation and recovery expensive. Most companies are showing laxity in following basic cyber security hygiene, leading to a surge in cyber-attacks and data breaches.

Cyber Insurance 84

Cyber Insurance Insurance Marketing Data breaches 84

SecureWorld News

NOVEMBER 12, 2020

Sometimes when you are down in the cyber attack trees defending your organization, it can be tough to see the cyber threat forest. And now we have brand new research coming from the EU which unpacks the top cyber threats as they stand now. What are the top cyber threats right now? Data Breach.

Cyber threats 108

Cyber threats Insurance Cyber Insurance Ransomware 108

Cytelligence

FEBRUARY 4, 2020

The 2019 Cybersecurity Almanac published by Cisco and Cybersecurity Ventures predicts that cyber events will cost $6 trillion annually by 2021, as companies are digitizing most of their processes and are often operating remotely. Global cyber insurance premiums are expected to grow from $4 billion in 2018 to $20 billion by 2025.

Penetration Testing 45

Penetration Testing Insurance Data preservation Cyber Insurance 45

eSecurity Planet

JANUARY 11, 2022

Startup Est Headquarters Staff Funding Funding Type Abnormal Security 2018 San Francisco, CA 261 $74.0 Series A Confluera 2018 Palo Alto, CA 33 $29.0 Series A Perimeter 81 2018 Tel Aviv, Israel 159 $65.0 2018 Santa Clara, CA 305 $50.0 Series A Confluera 2018 Palo Alto, CA 33 $29.0 2018 Santa Clara, CA 305 $50.0

Cybersecurity 142

Cybersecurity Threat Detection Artificial Intelligence Risk 142