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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.

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[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?

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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.

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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.

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AON ACQUIRES CYTELLIGENCE, A LEADING INTERNATIONAL CYBER SECURITY FIRM WITH DEEP EXPERTISE IN CYBER INCIDENT RESPONSE AND DIGITAL FORENSIC INVESTIGATIONS

Cytelligence

The 2019 Cybersecurity Almanac published by Cisco and Cybersecurity Ventures predicts that cyber events will cost $6 trillion annually by 2021, as companies are digitizing most of their processes and are often operating remotely. Global cyber insurance premiums are expected to grow from $4 billion in 2018 to $20 billion by 2025.

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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 100
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Policy debate: the pros and cons of cybersecurity insurance

BH Consulting

Often, they also want bidders to produce supporting documents like the executive summary of a penetration test report. Sometimes, contracts or proposals ask suppliers for both cybersecurity insurance and documented security controls. What security measures will the insurance company ask you to have?