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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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Ransomware: Number One Cyber Insurance Claim

SecureWorld News

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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The Ongoing Cyber Threat to Critical Infrastructure

Thales Cloud Protection & Licensing

The Ongoing Cyber Threat to Critical Infrastructure. With that in mind, Thales has launched the 2022 Thales Data Threat Report Critical Infrastructure Edition, which includes responses from 300 security leaders and practitioners within critical infrastructure organizations. The Threat of Ransomware.

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Cybersecurity for Nonprofits: Cost-Effective Defense Strategies

SecureWorld News

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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Local government cybersecurity: 5 best practices

Malwarebytes

And a key part of building out any cybersecurity policy for your local government is to develop an organizational understanding of risk to systems, people, data, and so on. Take cyber insurance , for example. 24/7 monitoring of cyber threats. Also delivered free of charge by the NCATS team. Adopt the fundamentals.

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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.