SecureWorld News
APRIL 17, 2023
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. Can companies live without cyber insurance?
CyberSecurity Insiders
MARCH 18, 2021
After the SolarWinds cyber attack on Govt infrastructure, the government of United States seems to have taken Cybersecurity as a top priority to rectify any flaws that could make way to any future cyber attacks in the future. Maintain a senior management and board approved cyber insurance risk strategy. ·
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SecureWorld News
SEPTEMBER 10, 2020
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 number one type of cyber incident so far this year is ransomware.
CyberSecurity Insiders
APRIL 20, 2023
Bank of America has expressed its concerns over Lloyd’s recent policy decision to exclude cyber insurance coverage for large corporations hit by cyber attacks funded by adversary states. The post Cost of state cyber attacks not to be covered under insurance says Lloyd appeared first on Cybersecurity Insiders.
Joseph Steinberg
AUGUST 5, 2021
Third-party insurance policies may include coverage, therefore, for the costs of defending lawsuits from parties who claim that their data was compromised as a result of your business’s failure to properly protect it, as well as the costs of court verdicts or settlements resulting from such lawsuits.
eSecurity Planet
FEBRUARY 16, 2021
A ransomware attack is about as bad as a cyber attack can get. It can shut down your business – in the case of healthcare organizations that can be life-threatening for patients – damage your reputation with customers and employees, and invite further attacks as cybercriminals view your organization as an easy mark.
eSecurity Planet
JUNE 1, 2021
. … Attacks are more difficult to spot on mobile. ” Lookout data indicates that about 15 percent of financial services employees encountered a mobile phishing attempt each quarter in 2020. ” Further reading: Cyber Insurers Pull Back Amid Increase in Cyber Attacks, Costs.
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