Remove Cyber Insurance Remove Cyber Risk Remove Cybersecurity Remove Data privacy
article thumbnail

Top 8 Cyber Insurance Companies for 2022

eSecurity Planet

That’s where cyber insurance may be able to help. According to the Ponemon Institute and IBM, the global average cost of a data breach is $4.24 If your company has not already experienced a significant cybersecurity event, it is probably only a matter of time before it does. Also read: The Top Cybersecurity Companies.

article thumbnail

Annual Reports: How They Warn of Cyber Risk

SecureWorld News

Cyberrisk is business risk. We hear this at SecureWorld cybersecurity conferences on a regular basis. But how should we communicate this risk to the business, to clients, or to investors? However, we were most interested in seeing how Accenture articulated a particular business risk: the risk from a cyberattack.

Insiders

Sign Up for our Newsletter

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

article thumbnail

How the ransomware explosion is reshaping the cyber insurance market

SC Magazine

The development of cybersecurity insurance has played an important role in determining how companies prepare for and respond to ransomware attacks and the resulting fallout. That in itself has evolved, as insurers and insured learn just how expensive that fallout can be. ” Conflicting interests?

article thumbnail

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

SC Magazine

Every time a driver buckles up or an airbag is deployed we see the powerful influence of the insurance companies who insisted those measures become mandatory. Now, those insurers are poised to drive cybersecurity investment by insisting that organizations meet certain criteria to qualify for coverage. A maturing model.

Insurance 126
article thumbnail

CISA, SolarWinds up interest in security scoring

SC Magazine

The Cybersecurity and Infrastructure Security Agency (CISA) recently included security ratings or scoring as part of its cyber risk reduction initiative. The Cybersecurity and Infrastructure Security Agency (CISA) recently included security ratings or scoring as part of its cyber risk reduction initiative.

article thumbnail

City of Dallas Vital Services Shut Down in Suspected Ransomware Attack

SecureWorld News

Unfortunately, 'cybersecurity' is not a technical problem that can just be fixed with a patch, security update, change of code, or even a tool or service—no matter how great the tool or service may be—but is an ongoing battle with an active adversary that is countering every move and continuously probing for new weaknesses to exploit.

article thumbnail

Key Cybersecurity Trends for 2024: My Predictions

Jane Frankland

Cybersecurity can often feel like a game of cat and mouse where cyber attackers and defenders engage in a chase, with one party trying to outsmart the other. Just like in previous years, 2024 is set to test practitioners’ skills as the frequency of cyber threats continues to surge leaving no room for complacency.