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Decline in ransomware claims could spark change for cyber insurance

CSO Magazine

New data highlighting fluctuations relating to ransomware attack and payment claims indicates significant shifts in the cyberthreat landscape. Could such variations trigger changes in the cyber insurance market and, if so, how will they impact insurance carriers and organizations?

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Cyber insurer launches InsurSec solution to help SMBs improve security, risk management

CSO Magazine

Cyber insurance provider At-Bay has announced the launch of a new InsurSec solution to help small-to-mid sized businesses (SMBs) improve their security and risk management postures through their insurance policy. The emergence of InsurSec technology reflects a cyber insurance landscape that has seen significant change recently.

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What you should know when considering cyber insurance in 2023

CSO Magazine

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.

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What your cyber insurance application form can tell you about ransomware readiness

CSO Magazine

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

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Buying cyber insurance in 2021? Expect greater scrutiny, higher premiums

CSO Magazine

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)

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BrandPost: Is Cyber Insurance an Invitation to Cybercriminals?

CSO Magazine

Unfortunately with the growth in Ransomware as a Service (RaaS) and the breadth of the cybercrime ecosystem , the challenge is not going away anytime soon. To read this article in full, please click here

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New York issues cyber insurance framework as ransomware, SolarWinds costs mount

CSO Magazine

Get the latest from CSO by signing up for our newsletters. ]. However, the DFS wants all insurers, even though those that don't offer cybersecurity insurance, to "still evaluate their exposure to 'silent risk' and take appropriate steps to reduce that exposure." To read this article in full, please click here

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