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.
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.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
SC Magazine
JULY 13, 2021
million patients have been impacted by a health care data breach so far in 2021, a whopping 185% increase from the same time period last year where just 7.9 The data showed impersonation and credential harvesting attempts remain the leading phishing vectors. Credit: Mass Communication Specialist 2nd Class Sara Eshleman/Navy).
Adam Levin
JUNE 30, 2020
For instance, 71 percent of respondents said companies shouldn’t pay ransoms to hackers, but 55 percent wanted businesses to pay a ransom if their own personal data was at risk. Preventing data breaches and implementing adequate cybersecurity safeguards was a daunting assignment even before the Covid-19 pandemic.
Security Affairs
MAY 1, 2020
The hackers claim to have compromised the Banco BCR’s network in August 2019, and had the opportunity to exfiltrate its information before encrypting the files. Banco BCR has yet to disclose the security breach. Please vote Security Affairs for European Cybersecurity Blogger Awards – VOTE FOR YOUR WINNERS [link].
Malwarebytes
JULY 10, 2022
So, your business has just suffered a data breach and it’s time to dig deep in your pockets to pay all the resulting expenses. Without cyber insurance , you can expect to pay a dizzying amount of cash. Here are four ways your business can save money on its insurance. How is cyber insurance priced?
Adam Levin
MARCH 16, 2020
The Federal Bureau of Investigation’s 2019 annual Internet Crime Report included 467,361 complaints about suspected internet crime with losses of $3.5 billion, or roughly half, of the total losses in 2019 were attributed to generic email account compromise (EAC) complaints. billion in BEC scam-related losses the year before.
Expert insights. Personalized for you.
114 
Let's personalize your content