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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 But there’s a catch: Insurers are going to carefully assess your cybersecurity controls before writing any policy, and there are limits to coverage. million and climbing.

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Annual Reports: How They Warn of Cyber Risk

SecureWorld News

However, we were most interested in seeing how Accenture articulated a particular business risk: the risk from a cyberattack. On page 34 of the report, Accenture dives into the risk that cyber poses to the business. L egal, reputational and financial risks? That's where the fine print comes in.

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How the ransomware explosion is reshaping the cyber insurance market

SC Magazine

.” While ultimately driven by the bottom line, he still believed the approach to be “good for businesses as, through the insurance process, they will gain better visibility into their cyber risks and measures they can deploy to keep digital operations secure and compliant to data privacy regulations.”.

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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.

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

SC Magazine

The relationship between enterprises and insurers, like the cyber insurance market itself, is evolving. There isn’t just one force leading this shift, and although cyber insurance is going to continue to be more commonplace, there are other actors in this story,” said Eddy Bobritsky, CEO at Minerva Labs.

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City of Dallas Vital Services Shut Down in Suspected Ransomware Attack

SecureWorld News

Frequent SecureWorld speaker and PLUS Course instructor Shawn Tuma , Co-Chair of the Data Privacy and Cybersecurity Practice at Spencer Fane, LLP, gives this commentary on the situation in Dallas: "This is a horrible event that will surely impact the lives of many people, and unfortunately it has become a fact of life in today's times.

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Podcast Episode 117: Insurance Industry Confronts Silent Cyber Risk, Converged Threats

The Security Ledger

In this episode of the podcast (#117), we go deep on one of the hottest sectors around: cyber insurance. In the first segment, we talk with Thomas Harvey of the firm RMS about the problem of “silent cyberrisk to insurers and how better modeling of cyber incidents is helping to address that threat.