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Cyber Insurers Pull Back Amid Increase in Cyber Attacks, Costs

eSecurity Planet

The explosion of ransomware and similar cyber incidents along with rising associated costs is convincing a growing number of insurance companies to raise the premiums on their cyber insurance policies or reduce coverage, moves that could further squeeze organizations under siege from hackers.

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Checklist for Getting Cyber Insurance Coverage

Thales Cloud Protection & Licensing

Checklist for Getting Cyber Insurance Coverage. As cyber criminals mature and advance their tactics, small and medium businesses become the most vulnerable because they lack the capacity – staff, technology, budget - to build strong cyber defenses. The necessity for cyber-insurance coverage.

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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 number one type of cyber incident so far this year is ransomware.

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SHARED INTEL Q&A: My thoughts and opinions about cyber threats — as discussed with OneRep

The Last Watchdog

Byron: I was initially drawn to cybersecurity as a USA TODAY technology reporter assigned to cover Microsoft. Erin: What cybersecurity technologies are you most excited about right now? Erin: What are some of the biggest cyber threats that businesses face today? Erin: So, let’s get started. What drew you to this field?

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One Year Later: What Have We Learned Since the Colonial Pipeline Attack

Thales Cloud Protection & Licensing

This demonstrates that there are still some businesses that have not learned the lessons of the Colonial Pipeline attack and listened to what security experts and the U.S. government is recommending to ensure the operations of Critical National Infrastructure are not affected by ransomware attacks. Cyber insurance coverage ramps up.

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Is The Cost Of Predictive Cyber Security Worth The Investment?

Security Boulevard

Phishing attacks? Consecutive attacks occurring every second of the day? Predictable recovery after cyber attacks helps organizations with lessons learned along with driving a business case for more investment from the board of directors. What Is Not Covered Under Cyber Insurance? Make it faster!

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Has ESG Become aWake-Up Call for Cybersecurity?

Security Boulevard

Even with ransomware costing billions of dollars in losses and cyber insurance claims, organizations are still impacted beyond the checkbook. Attacks on the rise. Cyber incidents happen every day. These attacks have driven the cost of cyber insurance premiums higher.