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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. According to the Ponemon Institute and IBM, the global average cost of a data breach is $4.24 Cyber Insurance is Booming.

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How the ransomware explosion is reshaping the cyber insurance market

SC Magazine

Today’s special columnist, Scott Register of Keysight Technologies, says government and industry must come together to secure the nation’s critical infrastructure in the wake of the Colonial Pipeline hack. That in itself has evolved, as insurers and insured learn just how expensive that fallout can be.

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After Springhill: Assessing the Impact of Ransomware Lawsuits

eSecurity Planet

A lawsuit working its way through the courts could have a lot to say about the liabilities facing organizations that have been hit by ransomware attacks – and could have implications for cybersecurity preparation and regulation in general. Hospital’s Operations Hit by Ransomware. ” Cyber Insurance No Longer Reliable.

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City of Dallas Vital Services Shut Down in Suspected Ransomware Attack

SecureWorld News

The City of Dallas, Texas, was forced to shut down police communications and IT systems on Monday morning, May 1, due to a suspected ransomware attack. Subsequently, the City has confirmed that a number of servers have been compromised with ransomware, impacting several functional areas, including the Dallas Police Department Website."

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SHARED INTEL Q&A: My thoughts and opinions about cyber threats — as discussed with OneRep

The Last Watchdog

Byron: I was initially drawn to cybersecurity as a USA TODAY technology reporter assigned to cover Microsoft. Erin: What cybersecurity technologies are you most excited about right now? Erin: What are some of the biggest cyber threats that businesses face today? Erin: How has the ransomware threat evolved in recent years?

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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. Over the last few years, Brozek said, “the awareness has grown, as more people, and not just corporations are feeling the effects and consequences” of stolen medical data stolen and credit card details – and worse.

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MY TAKE: NIST Cybersecurity Framework has become a cornerstone for securing networks

The Last Watchdog

Prior to launching CyberSaint, Wrenn was CSO of Schneider Electric, a supplier of technologies used in industrial control systems. The CSF’s core principles have been incorporated into Europe’s GDPR , NYDFS’s cybersecurity requirement s, California’s Consumer Privacy Act and Ohio’s Data Protection Act. Wrenn said. “So