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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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2023 Predictions for Storage and Backup Ransomware

CyberSecurity Insiders

2022 clearly demonstrated that attacks on data represent the greatest cyber-threat organizations face. Many of these attacks took advantage of known vulnerabilities and security misconfigurations in storage and backup systems. And backup and storage systems are rife with unpatched CVEs. Insurance Refusals and Rate Hikes.

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What’s happening in the world of personal cyber insurance?

Malwarebytes

Personal insurance plans are slowly becoming a more visible and talked about topic. I’m fascinated to see talk of personal cyber insurance , in an area dominated by business. The plans referenced in the article are for people seeking cyber insurance in India. A brave new world, or same-old same-old?

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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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11 Cybersecurity investments you can make right now

CyberSecurity Insiders

Cyber insurance. Cyber insurance is designed to protect businesses from the financial repercussions of a cyber-attack. Cyber insurance has also become a new compliance requirement in many industries, including healthcare, finance, and retail. Cyber insurance can help cover these expenses.

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Predictions 2023, Part 1: What will the new year bring for the InfoSec Community?

CyberSecurity Insiders

More challenges associated with cyber insurance as more awareness of cyber incidents' reputational and financial risks come to light. As cyber threats continue to increase and technologies become more complex, skills will need to evolve to handle the onslaught. million professionals.

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Education Sector has Seen a 44% Rise in Cyber Attacks Since 2021

CyberSecurity Insiders

The education sector is increasingly vulnerable to simple and sophisticated cyber threats, and higher learning is especially vulnerable. Again, this incident demonstrates the importance of maintaining backups of data (especially sensitive and critical data) and managing human behavior as they access the systems. Cyber insurance.