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Cyber Insurance Costs Soaring: Is Your Organization Covered Enough?

SecureWorld News

Cybersecurity threats are a growing menace, wreaking havoc on businesses and individuals alike. In this digital battlefield, cyber insurance has emerged as a crucial shield, offering financial protection against data breaches, ransomware attacks, and other cyber incidents.

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The future of cyber insurance

IT Security Guru

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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Enhancing Security and Reducing Costs with Advanced Zero Trust Implementation

Centraleyes

Conventional strategies relied on fortress-like defenses, a concept where the network perimeter acted as a barrier, assumed to be impenetrable by external threats. Today’s cyber threats can easily penetrate traditional security measures. But, modern adversaries have evolved to bypass these outdated methods easily.

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2023 Cybersecurity Predictions from Marcus Fowler, Darktrace

CyberSecurity Insiders

It wasn’t just the recent Uber attack in which the victim’s Multi-Factor Authentication (MFA) was compromised; at the core of the vast majority of cyber incidents is the theft and abuse of legitimate credentials. 2 – Continued ‘hacktivism’ from non-state actors complicates cyber attribution and security strategies.

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Key Cybersecurity Trends for 2024: My Predictions

Jane Frankland

Cybersecurity can often feel like a game of cat and mouse where cyber attackers and defenders engage in a chase, with one party trying to outsmart the other. Just like in previous years, 2024 is set to test practitioners’ skills as the frequency of cyber threats continues to surge leaving no room for complacency.