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Online businesses that are most targeted by cyber attacks

CyberSecurity Insiders

On the security front, a research carried out by Cybersecurity Ventures has predicted that the cyber attacks on online business will bring an estimated loss of $6 trillion to companies operating across the globe by 2021 and the gaming industry is said to be impacted the most.

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As market for cyber insurance booms, watchdog calls for better data

SC Magazine

In a report released May 20, the Government Accountability Office looked at how the private cybersecurity insurance market has developed over the past five yearsRich Baich is global chief information security officer for insurance giant AIG. Photo by Spencer Platt/Getty Images).

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The future of cyber insurance

IT Security Guru

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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Cybersecurity Insurance is Missing the Risk

Security Boulevard

First published by HelpNetSecurity  — Matthew Rosenquist Cybersecurity insurance is a rapidly growing market, swelling from approximately $13B in 2022 to an estimated $84B in 2030 (26% CAGR), but insurers are struggling with quantifying the potential risks of offering this type of insurance.

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The Cyber Insurance Landscape Has Grown More Complicated

SecureWorld News

Pros of cyber insurance Financial protection: Cyber insurance can help protect an organization from significant financial losses resulting from a cyberattack or data breach. False sense of security: Having cyber insurance should not be a substitute for investing in strong cybersecurity measures and practices.

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Security Affairs newsletter Round 464 by Pierluigi Paganini – INTERNATIONAL EDITION

Security Affairs

surfaces in the threat landscape Pokemon Company resets some users’ passwords Ukraine cyber police arrested crooks selling 100 million compromised accounts New AcidPour wiper targets Linux x86 devices.

Malware 92
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Checklist for Getting Cyber Insurance Coverage

Thales Cloud Protection & Licensing

With businesses becoming more and more digitized, they are exposed to greater cyber risks. And while organizations are taking steps to protect against cyber attacks, cybersecurity controls are not impenetrable. Cyber risk insurance covers the costs of recovering from a security breach, a virus, or a cyber-attack.