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The Evolving Role of Cyber Insurance in Mitigating Ransomware Attacks

SecureWorld News

In this regard, many have touted cyber insurance as the knight in shining armor, the end all-be all in terms of mitigating criminals' assaults on your network. For example, the healthcare sector, a prime target for these types of attacks , planned to spend $125 billion to defend against breaches from 2020 to 2025.

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The Cyber Insurance Landscape Has Grown More Complicated

SecureWorld News

When considering adding a cyber insurance policy, organizations, both public and private, must weigh the pros and cons of having insurance to cover against harm caused by a cybersecurity incident. Having cyber insurance can help ensure compliance with these requirements. Can companies live without cyber insurance?

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Cyber Insurance Premiums Suddenly Surging

SecureWorld News

New research reveals that a record number of organizations are buying cyber insurance policies as a tool for protecting themselves against cyber risk. However, the cost for those policies is rising dramatically as cyber insurance premiums soar up to 30% vs. the previous year. cyber insurance market.

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

SC Magazine

Overall, insurance companies seem to be responding to increased demand from clients for cyber-specific insurance, and one survey found that the two things most likely to spur a purchase of cyber insurance are when a business experiences a cyber attack and when they hear about other companies being hit by a cyber attack.

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New DHS Rules Aim to Enhance Visibility Across Critical Infrastructure

SecureWorld News

It will allow corporations to simplify and deploy more effective cybersecurity programs," Seara stated, recommending companies "start with cyber risk quantification to prioritize risk mitigation projects." Jose Seara, CEO of DeNexus, welcomed the convergence of cybersecurity mandates across government agencies. "It

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Report: Cyberattacks drive 185% spike in health care data breaches in 2021

SC Magazine

Now as the healthcare industry gets some breathing room from the pandemic, another one is surging – cyberattacks,” Dan L. We, as healthcare leaders, must seize this opportunity to educate and inform stakeholders on the current cybersecurity threat landscape and the actions needed to combat these attacks.”.

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Security Experts Assess 2.0 Draft of NIST Cybersecurity Framework

SecureWorld News

For a solid rundown of what the updates mean, check out this SecureWorld article from Kip Boyle , vCISO, Cyber Risk Opportunities LLC. Timothy Morris, Chief Security Advisor, Tanium: "It is good to see these updates and the expansion of the framework beyond critical infrastructures (banks, energy, healthcare, etc.)