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

Beyond Compliance: The Advantage of Year-Round Network Pen Testing

The Hacker News

IT leaders know the drill—regulators and cyber insurers demand regular network penetration testing to keep the bad guys out. But here’s the thing: hackers don’t wait around for compliance schedules.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Beyond Compliance: The Power of Proactive, Year-Round Network Pen Testing

eSecurity Planet

IT leaders know that the reason regulators and cybersecurity insurers require them to conduct network penetration testing is to ensure they’re protecting their networks from being accessed by attackers. You can’t do ongoing penetration testing if you’re paying a consultant to do it,” says Wells.

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?

article thumbnail

Krispy Kreme Cyber Attack a Wake-Up Call for the Food Industry

SecureWorld News

Despite these setbacks, the company has stated that, with its cyber insurance coverage and ongoing remediation efforts, it doesn't expect a long-term material impact on its business fundamentals. The incident contributed to a short-term stock price dip of about 2% and added to operational expenses during the recovery phase.

article thumbnail

5 Best Cyber Resilience Solutions of 2025

Centraleyes

Cyber Insurance with AI-Driven Risk Assessments (e.g., Coalition, Resilience)** How they help Cyber insurers now use AI models to assess an organization’s risk posture in real time, adjusting premiums based on proactive security measures.

article thumbnail

Scanning for Flaws, Scoring for Security

Krebs on Security

companies with the Cyber Risk Score, and then invited these companies to sign up and see how their score compares with that of other organizations in their industry. The stated use cases for the Cyber Risk Score include the potential for cyber insurance pricing and underwriting, and evaluating supply chain risk (i.e.,