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The Evolving Role of Cyber Insurance in Mitigating Ransomware Attacks

SecureWorld News

Ransomware attacks have become a significant threat to organizations of all kinds worldwide, with attackers encrypting data and demanding payment for its release. 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.

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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: What are some of the biggest cyber threats that businesses face today? Byron: The economic impact of phishing, ransomware, business logic hacking, Business Email Compromise (BEC) and Distributed Denial of Service (DDoS) attacks continues to be devastating. Erin: How has the ransomware threat evolved in recent years?

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Ransomware in 2020

Cytelligence

Ransomware is becoming an epidemic in the cybersecurity world, with new strains being created continuously by criminals to extort money out of unsuspecting users. What is Ransomware? Ransomware is a devastating attack on an organization’s or individual’s digital assets. Damages from ransomware in 2019 rose to over $11.5

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Testing to Ensure Your Security Posture Never Slouches

McAfee

Let’s consider a recent and relevant cyber threat. Take, for example, the May 7th DarkSide ransomware attack that shut down Colonial Pipeline’s distribution network. Ransomware doesn’t just cost money—or embarrassment—it can derail careers. That well-publicized attack spurred considerable interest in cybersecurity assessments.

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Cybersecurity in 2020

Cytelligence

More targeted ransomware – 2019 saw ransomware exploits getting highly targeted against specific businesses, as well as local government. The rise of cyber insurance – Underwriters will sell more cyber insurance policies for businesses and government agencies such as schools, hospitals and utilities.

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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’s more, cybersecurity insurance may not necessarily cover all breach-related costs.