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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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4 Critical Capabilities Your Cyber Risk Management Tools Should Have

Centraleyes

However, that doesn’t mean there aren’t plenty of ways to minimize these risks. It’s important your cybersecurity teams have a cyber risk management program in place for this purpose. While you can hire the services of third-party consultants, you may lose a certain level of control over your organizational risks.

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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.

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Have board directors any liability for a cyberattack against their company?

Security Affairs

The size of the cyber risk to companies cannot be underestimated. To indicate the size of the cyber risk to companies, there is, on average, a cyber-attack every 39 seconds, which does not mean that every attack is successful, but that there is an attempt to access companies’ computer systems with that frequency.

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Scanning for Flaws, Scoring for Security

Krebs on Security

For years, potential creditors have judged the relative risk of extending credit to consumers based in part on the applicant’s credit score — the most widely used being the score developed by FICO , previously known as Fair Isaac Corporation. Data accidentally released by FICO about the Cyber Risk Score for ExxonMobil.

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Conti Ransomware Group Diaries, Part III: Weaponry

Krebs on Security

In a months-long project last year, Conti invested $60,000 in acquiring a valid license to Cobalt Strike , a commercial network penetration testing and reconnaissance tool that is sold only to vetted partners. For now, take a look at the documents and see if there is insurance and bank statements.”