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CyberSecurity Is Not Enough: Businesses Must Insure Against Cyber Losses

Joseph Steinberg

Somehow, however, when it comes to one of the most common and costly dangers to businesses, we, as a society, continue to dismiss the potential of catastrophic risks; a significant percentage of smaller business concerns are not only underinsured against cyberlosses, but, in many cases, carry no insurance at all.

Insurance 364
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Top 8 Cyber Insurance Companies for 2022

eSecurity Planet

That’s where cyber insurance may be able to help. If your company has not already experienced a significant cybersecurity event, it is probably only a matter of time before it does. However, a good cyber insurance provider can also leverage their partnerships to help your company afford better security controls.

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The Evolving Role of Cyber Insurance in Mitigating Ransomware Attacks

SecureWorld News

In this regard, many have touted cyber insurance as the knight in shining armor, the end all-be all in terms of mitigating criminals' assaults on your network. Here, cyber insurance serves as an invaluable safety net by offering essential financial coverage and support services in the event of a ransomware attack occurring.

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13 Important Considerations When Obtaining Cyber Liability Insurance

Joseph Steinberg

Likewise, cyber insurance policies for individuals are starting to appear in the marketplace. Remember, a cyber-insurance policy is a legal contract – it is absolutely essential that policyholders adhere to policy requirements or they may find their otherwise valid claims denied should a cybersecurity incident occur.

Insurance 258
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Staying Ahead of the Distortion of a Cyber Attack?

Security Boulevard

More and more businesses are using artificial intelligence (AI) to improve efficiency. However, deploying unproven artificial intelligence (AI) could result in unexpected outcomes, including a higher risk of cybercrime. Should the organization deny the event publically as a possible distortion campaign?

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

Joseph Steinberg

Interestingly, sometimes, the line between first-party damage and third-party damage can become blurred – especially if a business and its client have both been breached, and forensic analysis cannot conclusively establish either the sequence of events leading up to the breach and/or how the breach occurred. Which Do You Need?

Insurance 141
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Verizon's 2025 DBIR: Threats Are Faster, Smarter, and More Personal

SecureWorld News

Agentic AI refers to autonomous artificial intelligence systems capable of complex tasks, decision-making and interacting with external systems with minimal human intervention. There is a strong correlational reason cyber insurance underwriters care about those key controls and coverage in the application process.