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Cyber Insurance Costs Soaring: Is Your Organization Covered Enough?

SecureWorld News

In this digital battlefield, cyber insurance has emerged as a crucial shield, offering financial protection against data breaches, ransomware attacks, and other cyber incidents. This puts a strain on insurance companies, who are forced to adjust premiums to maintain solvency.

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The Cyber Insurance Landscape Has Grown More Complicated

SecureWorld News

When considering adding a cyber insurance policy, organizations, both public and private, must weigh the pros and cons of having insurance to cover against harm caused by a cybersecurity incident. Having cyber insurance can help ensure compliance with these requirements. Let's break it down to the pros and cons.

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Local government cybersecurity: 5 best practices

Malwarebytes

It seems like not a day goes by where we don’t hear about a local government cyberattack. Indeed, from 911 call centers to public schools , cyberattacks on local governments are as common as they are devastating. Just how often do threat actors attack local governments? Take cyber insurance , for example.

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Safety first: Will insurance companies stall or accelerate cybersecurity progress?

SC Magazine

But when it comes to cybersecurity coverage, the relationship between enterprises and insurers has been rocky and uncertain. And in a few high-profile cases, insurance companies have bailed. The relationship between enterprises and insurers, like the cyber insurance market itself, is evolving. A maturing model.

Insurance 126
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Peer Report Explores Concerns, Challenges Facing Cybersecurity Leaders

SecureWorld News

Mika Aalto, Co-Founder and CEO at Hoxhunt : "Today, most security leaders admit that data breaches are a question of 'when,' not 'if,' because most have responded to an incident within the past few years. What's important now is for executive leadership to have that same sense of urgency as infosec leaders.

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The Unseen Threats: Anticipating Cybersecurity Risks in 2024

Security Boulevard

The primary target and focus for nation-states will continue to be their adversaries Critical Infrastructure sectors, such as healthcare, government, communications, transportation, defense industrial base, media, utilities, finance, and cargo logistics. Recovery from supply chain attacks will cost 3x-5x more as compared to data breaches.

Risk 113
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How Information Security Breaks The Classic IT Model

Security Boulevard

Cost of Breach Could Be Greater Than The Expected Cost Savings. IBM’s annual Cost of a Data Breach study revealed a single data breach could cost a company up to $3.29 That $3.29, even with cyber insurance, is still a significant hit to the organization’s bottom line.