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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. On top of this, a significant 41% of victims opted to pay the ransom, which is a difficult decision that's fraught with its own respective complexities and risks.

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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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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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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. First-Party Risks And Coverage. Third-Party Risks And Coverage.

Insurance 141
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Navigating AI Regulations in the Insurance Sector: A Comprehensive Guide

Centraleyes

At the annual InsureTech Connect event in Las Vegas last month, AI won the prize as the most trending topic preoccupying the entire industry. The insurance industry is no exception. The insurance industry is built on handling our own and everyone else’s risks. The law aims to harness AI benefits while mitigating risks.

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Staying Ahead of the Distortion of a Cyber Attack?

Security Boulevard

A company’s loss of control over its business practices may lead to various risks, which cybercrim­inals quickly exploit. More and more businesses are using artificial intelligence (AI) to improve efficiency. Should the organization release a statement to the public confirming the event in the timeline required by law?

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5 Trends to Watch for Cybersecurity in 2023

SecureWorld News

From advancements in artificial intelligence (AI) to the continued evolution of ransomware and cyberattacks, the coming year is sure to bring significant developments in the world of cybersecurity. Artificial Intelligence will be crucial. Cyber insurance trends in 2023.