Article Cyber Attacks Cyber Insurance Risk 
SecureWorld News
APRIL 17, 2023
When considering adding a cyber insurance policy, organizations, both public and private, must weigh the pros and cons of having insurance to cover against harm caused by a cybersecurity incident. Having cyber insurance can help ensure compliance with these requirements. Can companies live without cyber insurance?
Malwarebytes
JULY 10, 2022
Without cyber insurance , you can expect to pay a dizzying amount of cash. In 2022 alone, the average cost of a data breach for businesses under 1,000 employees was close to $3 million—and these costs are coming from activities that cyber insurers typically cover, such as detecting and responding to the breach.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
SecureWorld News
DECEMBER 27, 2022
Cyber is the risk to watch, according to a Financial Times article in which insurer Zurich's top executive is quoted. What will become uninsurable is going to be cyber,” said Mario Greco, CEO at Zurich, one of Europe's biggest insurance companies, in the Dec. 26 article. The two sides later settled.
Security Boulevard
MARCH 3, 2021
In this part of the blog series on the connection between cybersecurity and insurance, we go through a real-life situation that demonstrates how insurance policies may or may not provide you the necessary coverage in the event of a cyber-attack. A Standalone Cyber Insurance Policy Isn’t Enough As discussed in our previous blog, a.
Joseph Steinberg
AUGUST 5, 2021
One of the important concepts about which people must be aware when evaluating their cybersecurity postures and related liabilities, but which, for some reason, many folks seem to be unaware, is the difference between first-party risks and third-party risks. First-Party Risks And Coverage. Third-Party Risks And Coverage.
Schneier on Security
MARCH 26, 2020
Interesting article discussing cyber-warranties, and whether they are an effective way to transfer risk (as envisioned by Ackerlof's "market for lemons") or a marketing trick. Our preliminary analysis suggests the majority of cyber warranties cover the cost of repairing the device alone.
Joseph Steinberg
AUGUST 5, 2021
(I co-wrote this article with Mark Lynd , CISSP, ISSAP & ISSMP, Head of Digital Business at NETSYNC.). Likewise, cyber insurance policies for individuals are starting to appear in the marketplace. Most policies have significant caps and exclusions in this regard.
Expert insights. Personalized for you.
100 
Let's personalize your content