article thumbnail

Where Next for Government in the Cyber Insurance Market?

Lohrman on Security

Cyber insurance is only getting more expensive, and the market is changing dramatically, with more changes to come. So what trends will drive adoption, rates and the wider future of cyber insurance?

article thumbnail

CaaS: The Key to More Affordable Cyber Insurance

Security Boulevard

Compliance as a Service (CaaS) strengthens a companys posture and defensibility, making it more attractive to insurers. The post CaaS: The Key to More Affordable Cyber Insurance appeared first on Security Boulevard.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Insurance and Ransomware

Schneier on Security

Here’s one more contribution to that issue: a research paper that the insurance industry is hurting more than it’s helping. Although it is a societal problem, cyber insurers have received considerable criticism for facilitating ransom payments to cybercriminals.

Insurance 331
article thumbnail

Government contractor Conduent disclosed a data breach

Security Affairs

The company holds cyber insurance and informed federal authorities. So far, the stolen data hasnt appeared on the dark web or publicly released. Conduent reported no major operational impact from the cyberattack but did face significant one-time costs for notifications.

article thumbnail

Is it Time to Update Your Cyber Insurance Strategy?

Security Boulevard

In 2021, rethinking your cyber insurance strategy should be a top priority for CISOs and executive leadership. The elevated risk landscape is driving growing demand for cyber insurance: Nearly four out of five organizations. The post Is it Time to Update Your Cyber Insurance Strategy?

article thumbnail

Are Cyber Insurers Cybersecurity’s New Enforcers?

Security Boulevard

The post Are Cyber Insurers Cybersecurity’s New Enforcers? That means cyberattacks targeting enterprises and individuals are happening at a rate of about one attack every few seconds. The average ransom payment made by a business to. appeared first on Security Boulevard.

article thumbnail

Cyber Insurance Costs Soaring: Is Your Organization Covered Enough?

SecureWorld News

In this digital battlefield, cyber insurance has emerged as a crucial shield, offering financial protection against data breaches, ransomware attacks, and other cyber incidents. This rapid ascent begs the question: what's driving the price hike, and are businesses fully prepared for the escalating cost of cyber defense?