article thumbnail

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. Here, cyber insurance serves as an invaluable safety net by offering essential financial coverage and support services in the event of a ransomware attack occurring.

article thumbnail

[Q&A] Chubb Cyber Insurance Clients Activate Proactive Security with NetSPI

NetSpi Executives

In case you missed it, Chubb, one of the leading publicly traded property and casualty insurance companies, announced an innovative collaboration with NetSPI to strengthen client cyber-risk profiles via enhanced attack surface management and penetration testing solutions. What is proactive security?

Insiders

Sign Up for our Newsletter

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

article thumbnail

Policy debate: the pros and cons of cybersecurity insurance

BH Consulting

Organisations are coming under increasing pressure to take out cybersecurity insurance cover. Also known as cyber risk insurance, it’s now a prerequisite in some public sector tenders. Often, they also want bidders to produce supporting documents like the executive summary of a penetration test report.

article thumbnail

Group-IB and CryptoIns introduce the world’s first insurance against cyber threats for cryptocurrency exchanges

Security Affairs

Group-IB and Swiss insurance broker ASPIS that owns CryptoIns project, have developed the world’s first scoring model for assessing cryptocurrency exchanges. According to CryptoIns analysts, the crypto assets insurance market is expected to reach $7 billion by 2023. Why do crypto exchanges’ users need insurance?

article thumbnail

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

The Last Watchdog

Erin: Do you think cyber insurance should play a bigger role in companies’ cybersecurity strategies? What factors should organizations consider when selecting a cyber insurance policy? Leadership should prioritize cybersecurity at all levels. Regular awareness training for employees is indispensable.

article thumbnail

Testing to Ensure Your Security Posture Never Slouches

McAfee

Until recently, discovering the answer to such questions has required exercises such as white hat penetration testing or the completion of lengthy or sometimes generic security posture questionnaires. But it can also be used in lieu of third-party assessments—applying recommended assessments instead of expensive penetration testing.

article thumbnail

Businesses Secretly Pentest Partners as Supply Chain Fears Grow

eSecurity Planet

As a result, some are now taking extra precautions such as hiring specialized companies to conduct penetration testing audits on externally facing partner resources. Company reputation is not only of interest to current and potential customers, but it’s also important to market analysts, lenders, and insurance companies.

Insurance 113