IT Security Guru
FEBRUARY 28, 2023
Cyber insurers are losing money. The insurance sector is battling its losses by increasing premiums – which have gone up by some 94% between 2019 and 2022 – creating the artificial impression that the sector is growing. How is cyber insurance changing?
eSecurity Planet
APRIL 22, 2022
That’s where cyber insurance may be able to help. But there’s a catch: Insurers are going to carefully assess your cybersecurity controls before writing any policy, and there are limits to coverage. Cyber Insurance is Booming. Selecting a Cyber Insurer.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Security Boulevard
MARCH 15, 2023
With ransomware attacks, social engineering, and data breaches at an all-time high, terms like “cybersecurity” and “cyber insurance” are being thrown around in conversation more than ever before.
CyberSecurity Insiders
FEBRUARY 17, 2022
For all those companies who are planning to renew their cyber insurance policy or are in a procedure to take one, here’s a piece of information that might interest you. Most of the Cyber Insurance companies have excluded ‘Cyber War’ consequences from their policies.
Dark Reading
AUGUST 11, 2022
Even among businesses with cyber insurance, they lack coverage for basic costs of many cyberattacks, according to a BlackBerry survey
Security Boulevard
FEBRUARY 11, 2021
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.
Security Boulevard
NOVEMBER 12, 2021
Recent ransomware attacks have dominated the headlines this year. Predictions estimate that the financial impact caused by ransomware could reach $265 billion globally by 2031. The post Are Cyber Insurers Cybersecurity’s New Enforcers?
CyberSecurity Insiders
AUGUST 15, 2022
Ever wondered what is covered and what is not in your Cyber Insurance Policy? If not, you better review the guidelines and inform all your C-level employees on strategies to cope with the losses that remain out of the cyber insurance cover. Education cyber insurance
eSecurity Planet
MAY 27, 2021
The explosion of ransomware and similar cyber incidents along with rising associated costs is convincing a growing number of insurance companies to raise the premiums on their cyber insurance policies or reduce coverage, moves that could further squeeze organizations under siege from hackers.
The Hacker News
NOVEMBER 9, 2022
The rise in the costs of data breaches, ransomware, and other cyber attacks leads to rising cyber insurance premiums and more limited cyber insurance coverage.
CyberSecurity Insiders
AUGUST 26, 2022
Lloyd’s London, one of the largest insurance services providers in the world, has disclosed that it is making amendments to its cyber insurance laws that will come into effect from March 2023. All insurance companies exclude the risks inferred from war like situations.
Dark Reading
MAY 26, 2021
From limiting claims payments to tying payments to policyholders' actions, the cyber insurance industry is in "a very dynamic place right now," says Corvus Insurance CEO Phil Edmundson
CyberSecurity Insiders
NOVEMBER 15, 2022
Cyber Insurance premiums are becoming dearer and the reason for such a rise is claimed to be sophistication in attacks that are making mitigation and recovery expensive. So, is the trend of rising insurance costs going to be witnessed in the coming years?
Security Affairs
APRIL 22, 2022
When security fails, cyber insurance can become crucial for ensuring continuity. Cyber has changed everything around us – even the way we tackle geopolitical crisis and conflicts. When security fails, cyber insurance can become crucial for ensuring continuity.
Malwarebytes
JULY 10, 2022
Without cyber insurance , you can expect to pay a dizzying amount of cash. Indeed, with liability limits ranging from $1 million to $5 million or more, cyber insurance policies can cover a good chunk of the damage caused by a data breach. How is cyber insurance priced?
Threatpost
JUNE 1, 2021
Companies relying on their cyber-insurance policies to pay off ransomware criminals are being blamed for a recent uptick in ransomware attacks.
CSO Magazine
DECEMBER 6, 2022
As the frequency and severity of ransomware, phishing, and denial of service attacks has increased, so has demand for cyber insurance. About $6.5
SecureWorld News
MAY 26, 2021
New research reveals that a record number of organizations are buying cyber insurance policies as a tool for protecting themselves against cyber risk. However, the cost for those policies is rising dramatically as cyber insurance premiums soar up to 30% vs. the previous year.
Dark Reading
JUNE 16, 2022
Cyber insurance is more than a policy for paying off ransomware gangs. It's designed to be something you transfer risk to when security controls fail
Graham Cluley
MARCH 22, 2021
A member of the REvil ransomware gang claims that the group specifically targets firms who have taken our cyber insurance. And what's more, it will hack insurance firms to identify them. Data loss Malware Ransomware data breach insurance ransomware Revil Travelex
CSO Magazine
OCTOBER 21, 2021
New data highlighting fluctuations relating to ransomware attack and payment claims indicates significant shifts in the cyberthreat landscape. Could such variations trigger changes in the cyber insurance market and, if so, how will they impact insurance carriers and organizations?
Graham Cluley
FEBRUARY 22, 2023
A ransomware outfit is advising its victims to secretly tell them how much insurance they have, so their extortion demands will be met. Data loss Guest blog Malware Ransomware cyberinsurance insurance ransomware
Graham Cluley
MARCH 28, 2021
Insurance firm CNA Hardy says that it has suffered a “sophisticated cybersecurity attack” that has impacted its operations, including its email system. Data loss Malware Ransomware data breach Evil Corp insurance Phoenix Locker ransomware
The Hacker News
FEBRUARY 7, 2023
With cyberattacks around the world escalating rapidly, insurance companies are ramping up the requirements to qualify for a cyber insurance policy.
Malwarebytes
FEBRUARY 21, 2023
Ransomware authors are wading into the cybersecurity insurance debate in a somewhat peculiar way. Specifically: urging victims to disclose details of their insurance contract , in order to tailor a ransom which will be beneficial to the company under attack.
SecureWorld News
SEPTEMBER 10, 2020
Trends of cyber insurance claims for 2020. Coalition, a cyber insurance company, recently released a report detailing the categories of cyber attacks as well as the cause behind the attacks for the first half of 2020. 54% of cyber attacks started with email.
Security Boulevard
SEPTEMBER 14, 2022
The successful attack on Twilio reminds us that cyberattacks, especially in the form of ransomware, continue to soar, leading to significant costs and brand damage. The post How to Meet Cyber Insurance MFA Requirements for Non-Standard but Critical Apps – In Minutes appeared first on Datawiza.
Dark Reading
JULY 12, 2022
Cybersecurity insurance costs are rising, and insurers are likely to demand more direct access to organizational metrics and measures to make more accurate risk assessments
Security Boulevard
JUNE 1, 2022
cyber insurance carriers in 2021 rose 92% year-over-year, largely in response to a surge in ransomware. The post Two Tools from RiskLens for Defensive Cyber Insurance Shopping appeared first on Security Boulevard.
Thales Cloud Protection & Licensing
MAY 10, 2022
Checklist for Getting Cyber Insurance Coverage. As cyber criminals mature and advance their tactics, small and medium businesses become the most vulnerable because they lack the capacity – staff, technology, budget - to build strong cyber defenses. Cyber War.
Malwarebytes
APRIL 27, 2022
You’ve likely only seen cybercrime insurance primarily mentioned in relation to attacks on businesses. Most commonly, it’s cited with regard to ransomware attacks in the workplace, or associated data loss. Drawing insurance lines in the sand.
CSO Magazine
APRIL 27, 2021
Organizations will face significant challenges in purchasing, renewing, and benefitting from cyber insurance policies this year as various factors drive the sector towards a stricter, more specialized position, global specialists in law, risk, and cybersecurity predict.
Dark Reading
JUNE 29, 2021
Premiums have gone up by 7% on average for small firms and between 10% and 40% for medium and large businesses
The Last Watchdog
JANUARY 20, 2020
To help mitigate the risk of financial losses, more companies are turning to cyber insurance. Related: Bots attack business logic Cyber insurance, like other forms of business insurance, is a way for companies to transfer some of numerous potential liability hits associated specifically with IT infrastructure and IT activities. Some coverage is inherently added to any cyber insurance policy.
Dark Reading
MAY 24, 2021
A global insurance carrier refuses to write new ransomware policies in France, while insurers rewrite policies. Are we heading toward a day when ransomware incidents become uninsurable
CSO Magazine
MARCH 22, 2022
Unfortunately with the growth in Ransomware as a Service (RaaS) and the breadth of the cybercrime ecosystem , the challenge is not going away anytime soon. There is no question about it.
SC Magazine
MAY 19, 2021
The development of cybersecurity insurance has played an important role in determining how companies prepare for and respond to ransomware attacks and the resulting fallout. That in itself has evolved, as insurers and insured learn just how expensive that fallout can be.
Zero Day
JANUARY 27, 2021
The group has been criticized for “funding” organized crime
CyberSecurity Insiders
APRIL 1, 2021
CyberCube, a cyber analytics firm, claims that the rise in cyber-attacks on Microsoft servers could also increase cyber insurance claims filed by many companies. . Cyber Attack Brown University
Trend Micro
APRIL 14, 2021
With so many vendors in the market, the Marsh initiative has created the Cyber Catalyst to help IT buyers find the right option for them. Ransomware Expert Perspective Articles, News, Reports Cloud
SecureWorld News
JUNE 8, 2020
But how are these new developments impacting cyber insurance rates? COVID-19 is raising cyber insurance rates. At first glance, the driving force behind higher cyber insurance rates would seem to be more incidents leading to more expensive policy premiums.
Graham Cluley
MAY 20, 2021
Data loss Malware Ransomware CNA data breach insurance ransomwareYes, you read that correctly. FORTY MILLION DOLLARS.
CSO Magazine
MAY 11, 2022
It’s that time that I fill out the annual cyber insurance policy application. Each year it gives me an insight into what insurance vendors are using to rate the risks and threats to our business and what they are stressing I should have as best practices.
Expert insights. Personalized for you.
112 
Let's personalize your content