Remove Banking Remove Cyber Insurance Remove Cyber Risk
article thumbnail

CyberSecurity Is Not Enough: Businesses Must Insure Against Cyber Losses

Joseph Steinberg

And even relatively rich organizations may fail altogether if they suffer the reputational harm that follows multiple serious cyber-incidents. iBynd also has a first-of-its-kind Personal Cyber Insurance offering that it delivers directly to consumers through CyberInsurancePlus.com.

Insurance 364
article thumbnail

Cyber and Privacy Risks for Real Estate Enterprises

SecureWorld News

Cyber risk is an existential issue for companies of all sizes and in all industries. However, it also exposes companies to additional layers of risk. While this is standard practice for addressing liability within the universe of real estate, deliberate and precise actions are required when negotiating cyber insurance coverage.

Risk 104
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Spotlight on Cybersecurity Leaders: Kip Boyle

SecureWorld News

He helps senior decision makers overcome cybersecurity sales objections and manages unlimited cyber risks through rigorous prioritization. In the private sector, he was a CISO for an insurance company, credit card processor, bank, credit union, and IT Managed Service Provider. See the conference agenda and register here.

article thumbnail

Great American Insurance Group Launches Innovative Cyber Risk Management Platform for Policyholders

CyberSecurity Insiders

CINCINNATI–( BUSINESS WIRE )–Great American Insurance Group recently launched EagleEye? According to Betty Shepherd, Divisional Senior Vice President, Great American Cyber Risk, EagleEye is a valuable loss prevention tool for insureds. Websites: EagleEye.gaig.com. www.SecurityScorecard.com. www.AFGinc.com.

article thumbnail

Security Roundup July 2024

BH Consulting

The cloud storage company suffered one of the world’s biggest breaches that compromised at least 165 high-profile clients including Ticketmaster and Santander Bank. Cyber insurance: whisper it, but it seems to be working Cyber insurance premiums have dropped by 15 per cent compared to their peak in 2022.

article thumbnail

Seven Massachusetts Cities Join Forces to Bolster Cybersecurity Posture

SecureWorld News

Municipalities have to hold massive amounts of PII [personally identifiable information] along with banking and payment card details. Residents don't have a choice of whether or not to share payment/banking information to pay property taxes or traffic tickets. Those communities also have a legal obligation to protect that data.

article thumbnail

2023 Cybersecurity Predictions from Marcus Fowler, Darktrace

CyberSecurity Insiders

Cyber attribution and deciphering the extent of state-level tasking is difficult, with blurred lines between state-aligned, state-involved and state-directed increasing the risk of escalation, collateral and misattribution. 5 – Recession requires CISOs to get frank with the board about proactive security.