article thumbnail

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.

article thumbnail

Top 8 Cyber Insurance Companies for 2022

eSecurity Planet

That’s where cyber insurance may be able to help. For that reason, most experts now recognize that a complete cybersecurity strategy not only includes technological solutions aimed at preventing, detecting, and mitigating attacks, it should also include cyber insurance to help manage the associated financial risks.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Navigating AI Regulations in the Insurance Sector: A Comprehensive Guide

Centraleyes

The insurance industry is built on handling our own and everyone else’s risks. As artificial intelligence shatters glass ceilings, the risks it introduces present a new paradigm to the insurance market in many different areas. In short, the AI wave is already transforming how insurance companies do business.

article thumbnail

Highlights from the New U.S. Cybersecurity Strategy

Krebs on Security

“Any such legislation should prevent manufacturers and software publishers with market power from fully disclaiming liability by contract, and establish higher standards of care for software in specific high-risk scenarios,” the strategy explains. ” Many of the U.S. When the Bush administration released the first U.S.

article thumbnail

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. million cybersecurity jobs worldwide.

article thumbnail

Key Cybersecurity Trends for 2024: My Predictions

Jane Frankland

These include the adoption of hyper automation and artificial intelligence (AI)-driven decision making, where organisations will increasingly use automation technologies and artificial intelligence to streamline processes and enhance efficiency. Instead, they’ll be questioning can they afford not to. What am I missing?

article thumbnail

13 Important Considerations When Obtaining Cyber Liability Insurance

Joseph Steinberg

Selecting the right insurance provider is often, therefore, a challenging endeavor; the lack of standard policy templates has meant that providers typically offer their own unique sets of coverages, with their own unique sets of compliance requirements and premium schedules.

Insurance 258