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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CyberSecurity Insiders

OCTOBER 23, 2021

By tapping into the advanced capabilities of our IT scanning technology, we’re proud to share actionable data to increase awareness around the current state of cyber risk technology and help eliminate the impact of adverse events — especially as we approach the end of a pivotal year,” said Madhu Tadikonda, President of Corvus Insurance. “We

Insurance 59

Insurance Cyber Risk Technology Ransomware 59

Schneier on Security

FEBRUARY 28, 2024

In the first week of January, the pharmaceutical giant Merck quietly settled its years-long lawsuit over whether or not its property and casualty insurers would cover a $700 million claim filed after the devastating NotPetya cyberattack in 2017. 11, 2001, terrorist attacks. The 9/11 attacks cost insurers and reinsurers $47 billion.

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Cyber Insurance Insurance Government Cyber Risk 235

Security Affairs

MARCH 27, 2019

Norwegian aluminum giant Norsk Hydro estimates more than $40 million losses in the first week following the ransomware attack that disrupted its operations. The news of the cyber attack had an immediate economic impact and caused a drop in the share price of 2.0 percent in early trading on the Oslo Stock Exchange.

Insurance 82

Insurance Cyber Attacks Ransomware Advertising 82

Security Boulevard

JUNE 23, 2022

In just a few years, cyber has transformed from the nerd in the corner into the Kim Kardashian of risk. businesses can be built on, and destroyed by, cyber risk. Serious cyber incidents will hit the headlines, so you need to have a media management strategy ready to limit any reputational damage.

Insurance 52

Insurance Cyber Risk CISO Cyber Insurance 52

eSecurity Planet

JANUARY 12, 2021

Data backups. Cybersecurity preparedness/ insurance. With security risk assessments, the cybersecurity professionals within an organization can clearly see the efficiency of the organization’s controls, determine risk factors, come up with detailed plans and solutions, detect vulnerabilities and offer options to alleviate them.

Risk 70

Risk Penetration Testing Cyber Risk Cyber Attacks 70

Spinone

DECEMBER 26, 2018

It is vital for any enterprise landscape to ensure viable, open, and reliable corporate communications – fostering innovation and economic prosperity, with respect to safeguarding against disruption and serious cyber risk perception. What are the benefits of cyber security awareness trainings?

Security Awareness 40

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