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Top 8 Cyber Insurance Companies for 2022

eSecurity Planet

That’s where cyber insurance may be able to help. According to the Ponemon Institute and IBM, the global average cost of a data breach is $4.24 As the number and severity of data breaches continues to rise, organizations are recognizing that those costs are not theoretical. Cyber Insurance is Booming.

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AI Gets an Endorsement from Coalition

Centraleyes

Coalition, a leader in cyber insurance, has added a positive endorsement for artificial intelligence (AI) to its cyber insurance plans for the US and Canada. The endorsement expands the definition of a security failure or data breach to include events caused by artificial intelligence.

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US Treasury Warns of Cybersecurity Risks AI Poses to Financial Sector

SecureWorld News

Department of Treasury on March 27th released a report titled "Managing Artificial Intelligence-Specific Cybersecurity Risks in the Financial Services Sector." The report highlights the growing concern around artificial intelligence (AI) and its potential to introduce new cybersecurity threats to the financial industry.

Risk 75
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Cyber-Liability Insurance 101: First Party Vs. Third Party Risks

Joseph Steinberg

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.

Insurance 141
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Cybersecurity threats: what awaits us in 2023?

SecureList

Every year, Kaspersky experts prepare forecasts for different industries, helping them to build a strong defense against any cybersecurity threats they might face in the foreseeable future. While supply-chain is a big challenge for business right now, its cybersecurity is not merely an issue, it’s a major problem.

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CyberSecurity Is Not Enough: Businesses Must Insure Against Cyber Losses

Joseph Steinberg

Ironically, while many larger enterprises purchase insurance to protect themselves against catastrophic levels of hacker-inflicted damages, smaller businesses – whose cyber-risks are far greater than those of their larger counterparts – rarely have adequate (or even any) coverage.

Insurance 363
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The Unseen Threats: Anticipating Cybersecurity Risks in 2024

Security Boulevard

Cybersecurity risks increase every year and bludgeon victims who fail to prepare properly. Cybersecurity predictions offer a glimpse at the dangerous oncoming traffic and help leaders develop strategies to navigate their journey safely. Those in cybersecurity who fail to look ahead will be crushed by what they don’t see coming.

Risk 113