Remove Cyber Insurance Remove Cyber Risk Remove Cybersecurity Remove Technology
article thumbnail

CyberSecurity Is Not Enough: Businesses Must Insure Against Cyber Losses

Joseph Steinberg

And even relatively rich organizations may fail altogether if they suffer the reputational harm that follows multiple serious cyber-incidents.

Insurance 364
article thumbnail

News Alert: QBE North America launches new cyber insurance program with Converge

The Last Watchdog

New York, NY, July 27, 2023 – QBE North America today announced the launch of a cyber insurance program with new MGA, Converge, acting as program administrator. The program will be broken down into two separate distribution structures, each with a distinct revenue focus and cyber security data access formation.

Insiders

Sign Up for our Newsletter

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

article thumbnail

LW ROUNDTABLE: Compliance pressures intensify as new cybersecurity standards take hold

The Last Watchdog

To mitigate risks, businesses will invest in modern, privacy-enhancing technologies (PETs), such as trusted execution environments (TEEs) and fully homomorphic encryption (FHE). Ehrmann Marielle Ehrmann , Chief Security Compliance & Risk Officer, SAP The convergence of AI and cloud computing is reshaping the regulatory landscape.

article thumbnail

Cyber Insurance: The Good, the Bad, and the Ugly

IT Security Guru

The past decade has seen cybersecurity barge its way into the mainstream. A meteoric rise in attack rates during COVID-19 , major incidents such as the Colonial Pipeline attack, and an increasingly tense geopolitical landscape have all contributed to cybersecurity’s current position at the top of global news feeds. It didn’t take off.

article thumbnail

Healthcare Cybersecurity Market Soars: Key Trends and Insights

SecureWorld News

Healthcare cybersecurity is undergoing explosive growth, reflecting both escalating threats and urgent investments to protect patient data and systems. According to a new report, the global healthcare cybersecurity market was valued at US $21.25 billion in 2024 and is projected to reach $82.90 billion by 2033, at a robust 18.55% CAGR.

article thumbnail

Top 8 Cyber Insurance Companies for 2022

eSecurity Planet

Cyberattacks are not only a technological problem for companies, but they also represent a very real financial threat. That’s where cyber insurance may be able to help. If your company has not already experienced a significant cybersecurity event, it is probably only a matter of time before it does. million and climbing.

article thumbnail

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. In addition, the U.S.