CSO Magazine

DECEMBER 6, 2022

As the frequency and severity of ransomware, phishing, and denial of service attacks has increased, so has demand for cyber insurance. billion in direct written premiums were recorded in 2021, a 61% increase over the prior year, according to an October 2022 memorandum from the National Association of Insurance Commissioners.

Cyber Insurance 121

Cyber Insurance Insurance Phishing Ransomware 121

CSO Magazine

APRIL 27, 2021

Organizations will face significant challenges in purchasing, renewing, and benefitting from cyber insurance policies this year as various factors drive the sector towards a stricter, more specialized position, global specialists in law, risk, and cybersecurity predict. To read this article in full, please click here (Insider Story)

Cyber Insurance 142

Cyber Insurance Insurance Ransomware Risk 142

CSO Magazine

JUNE 2, 2021

I recently had to renew the cyber insurance policy for the office and it was interesting to see the evolution of questions asked over the years. At first, most of the cyber insurance questions involved basic computer security and merely checked to see if we had firewalls and antivirus and not much else.

Cyber Insurance 115

Cyber Insurance Insurance Antivirus Firewall 115

CSO Magazine

FEBRUARY 21, 2023

But enterprise cybersecurity is a team sport involving multiple players—encompassing everything from technology vendors to cyber insurance providers and cyber defense platforms. To read this article in full, please click here

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Cyber Insurance Insurance Cybersecurity Technology 70

CSO Magazine

MARCH 22, 2022

As ransomware attacks and cybercrime have skyrocketed over the past few years, some organizations are feeling compelled to purchase cyber insurance , which is designed to cover the costs resulting from a successful cyberattack. To read this article in full, please click here

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Cyber Insurance Insurance Cybercrime Ransomware 83

CSO Magazine

MAY 11, 2022

It’s that time that I fill out the annual cyber insurance policy application. Each year it gives me an insight into what insurance vendors are using to rate the risks and threats to our business and what they are stressing I should have as best practices. To read this article in full, please click here

Cyber Insurance 98

Cyber Insurance Insurance Ransomware Authentication 98

CSO Magazine

MAY 5, 2023

In a separate yet parallel case involving multinational food and beverage company Mondelez International and Zurich American Insurance , a settlement was also reached, missing the opportunity to have a telling effect and adjustment on how cyber insurance will be treated going forward.

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Cyber Insurance Insurance Accountability 77

CSO Magazine

AUGUST 22, 2022

Insurance marketplace Lloyd’s of London is set to introduce cyber insurance exclusions to coverage for “catastrophic” state-backed attacks from 2023. The move is reflective of a maturing and quickly evolving cyber insurance market. Nation-state attacks pose systemic risk to insurers.

Cyber Insurance 72

Cyber Insurance Insurance Marketing Risk 72

CSO Magazine

FEBRUARY 22, 2021

Get the latest from CSO by signing up for our newsletters. ]. The framework applies to all property or casualty insurers that write cybersecurity insurance. To read this article in full, please click here

Insurance 106

Insurance Cyber Insurance CSO Ransomware 106

CSO Magazine

JANUARY 13, 2023

The Royal ransomware group is believed to be actively exploiting a critical security flaw affecting Citrix systems, according to the cyber research team at cyber insurance provider At-Bay. To read this article in full, please click here

Cyber Insurance 129

Cyber Insurance Ransomware Insurance Authentication 129

CSO Magazine

MAY 15, 2023

Companies with cyber insurance are more likely to get hit by ransomware, more likely to be attacked multiple times, and more likely to pay ransoms, according to a recent survey of IT decision makers. To read this article in full, please click here

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Insurance Cyber Insurance Ransomware Encryption 123

CSO Magazine

JULY 20, 2021

In March 2021 Google Cloud announced a new offering called Risk Protection Program, which is designed to help its cloud customers reduce security risk and connect with Google’s insurer partners, Allianz Global Corporate & Specialty and Munich Re. To read this article in full, please click here (Insider Story)

Cyber Insurance 137

Cyber Insurance Insurance CISO Risk 137

CSO Magazine

JUNE 14, 2023

Finding the right insurance has become a key part of the security equation, which is no surprise given that the average cost of a data breach in the US has risen to $9.44 The global cyber insurance market was valued at $13.33 To read this article in full, please click here billion in 2023 to $84.62 billion by 2030.

Insurance 121

Insurance Data breaches Cyber Insurance Marketing 121

CSO Magazine

NOVEMBER 17, 2022

It’s no wonder more companies are turning to cyber insurance to help recoup their losses when they do have to pay a ransomware settlement. Cyber insurance can also be a double-edged sword. To read this article in full, please click here

Cyber Insurance 91

Cyber Insurance Ransomware Insurance Hacking 91

CSO Magazine

JANUARY 24, 2023

Industry respondents also expressed concerns over identity theft at 4%, unavailable or unaffordable cyber insurance at 4%, geopolitical risks at 3%, DDoS attacks at 2% and website defacement at 0.9%, according to CSI’s annual survey of the financial sector. To read this article in full, please click here

Cyber threats 111

Cyber threats Identity Theft Cyber Insurance Insurance 111

CSO Magazine

MARCH 17, 2022

To read this article in full, please click here Organizations that do not pay ransomware risk potential losses that far outweigh the financial hit taken from an extortion fee, which gives attackers a clear advantage.

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Ransomware Cyber Insurance Insurance Government 113

CSO Magazine

AUGUST 16, 2022

The cost calculator for cyberattacks takes into account general data—like revenue, number of employees, vertical, headquarters location and the types of records stores—to arrive at an “annual loss expectancy” figure, according to vice president of AI and cyber insurance at Safe Security, Pankaj Goyal.

Risk 61

Risk Cyber Insurance Insurance Data breaches 61