IT Security Guru

FEBRUARY 28, 2023

Cyber insurers are losing money. Their loss ratios – total claims plus the insurer’s costs, divided by total premiums earned – are now consistently above 60%, which presents something of an existential threat to the insurance industry, making cyber risk a potentially uninsurable area due to falling profitability.

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Cyber Insurance Insurance Marketing Cyber Risk 114

SecureWorld News

SEPTEMBER 10, 2020

Trends of cyber insurance claims for 2020. Coalition, a cyber insurance company, recently released a report detailing the categories of cyber attacks as well as the cause behind the attacks for the first half of 2020. The company says that ransomware accounted for 41% of cyber claims. Cyber insurance works.

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Cyber Insurance Insurance Ransomware Cyber Attacks 54

SecureWorld News

JANUARY 21, 2024

Nonprofits often juggle tight budgets and unique operational demands, making it even more difficult to keep sensitive information safe—but here's the thing: you don't need a fortune to build a strong defense against the possible cyber threats out there.

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Cybersecurity Backups Cyber threats Software 86

Malwarebytes

SEPTEMBER 30, 2022

Take cyber insurance , for example. Cyber insurance can prevent local governments from having to pay huge out of pocket costs in the event that they’re hit with a cyberattack. 24/7 monitoring of cyber threats. Related : Cyber threat hunting for SMBs: How MDR can help. Incident response.

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Government Cybersecurity Cyber Insurance Insurance 60

Malwarebytes

OCTOBER 19, 2022

Use multi-factor authentication. That’s where multi-factor authentication (MFA) comes in. Make offsite, offline backups. To make this possible you’ll need comprehensive, recently tested, backups that are both offline and offsite, beyond the reach of your attackers. More resources.

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Passwords Ransomware Backups Cyber Insurance 72

eSecurity Planet

APRIL 6, 2023

Multifactor authentication (MFA) can protect critical applications and devices, as can zero trust security principles. Ransomware-proof backups: You can limit the damage caused by ransomware by maintaining an effective backup and disaster recovery plan. But make sure you manage the encryption keys well.

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Ransomware Backups Encryption Cybersecurity 98