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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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Security Compliance & Data Privacy Regulations

eSecurity Planet

Regulatory compliance and data privacy issues have long been an IT security nightmare. And since the EU’s General Data Protection Regulation (GDPR) took effect May 25, 2018, IT compliance issues have been at the forefront of corporate concerns. GDPR-style data privacy laws came to the U.S. Location Matters.

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Cyber Insurance: What to Know for 2022 and Beyond

Security Boulevard

The post Cyber Insurance: What to Know for 2022 and Beyond appeared first on Hyperproof. The post Cyber Insurance: What to Know for 2022 and Beyond appeared first on Security Boulevard.

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How Pen Testing can Soften the Blow on Rising Costs of Cyber Insurance

The Hacker News

As technology advances and organizations become more reliant on data, the risks associated with data breaches and cyber-attacks also increase. The introduction of data privacy laws, such as the GDPR, has made it mandatory for organizations to disclose breaches of personal data to those affected.

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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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Friday Five: The U.S. Operation Against QakBot, Cybercrime Treaty and Water Infrastructure Concerns, & More

Digital Guardian

but concerns over critical infrastructure, data privacy, and cyber insurance largely overshadow it. The operation against QakBot marks a cybersecurity win for the U.S., Catch up on these stories and more in this week’s Friday Five.

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Two Years on from GDPR: Has It Driven Growth in Cybersecurity Insurance?

Dark Reading

Whilst GDPR has put the spotlight on data privacy and cyber issues, there are other more prominent trends that are driving a greater take-up of cyber insurance, says Ben Maidment, Class Underwriter - Cyber, Physical & Technology at Brit Insurance.

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