Remove Cyber Risk Remove Insurance Remove Risk
article thumbnail

Insurance and Ransomware

Schneier on Security

Here’s one more contribution to that issue: a research paper that the insurance industry is hurting more than it’s helping. Although it is a societal problem, cyber insurers have received considerable criticism for facilitating ransom payments to cybercriminals.

Insurance 331
article thumbnail

CyberSecurity Is Not Enough: Businesses Must Insure Against Cyber Losses

Joseph Steinberg

And even relatively rich organizations may fail altogether if they suffer the reputational harm that follows multiple serious cyber-incidents. Insurance is, therefore, always needed.

Insurance 364
Insiders

Sign Up for our Newsletter

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

article thumbnail

AI Cyberattacks Rise but Businesses Still Lack Insurance

Security Boulevard

Cybersecurity is a leading concern for risk managers as AI-related cyber risks surge, and despite growing investments, many businesses still lack comprehensive cyber insurance, according to a Nationwide survey.

Insurance 120
article thumbnail

AI Dilemma: Emerging Tech as Cyber Risk Escalates

Trend Micro

Move faster than your adversaries with powerful purpose-built XDR, cyber risk exposure management, and zero trust capabilities Learn more Extend Your Team Extend Your Team.

article thumbnail

The cyberthreat that drives businesses towards cyber risk insurance

We Live Security

Many smaller organizations are turning to cyber risk insurance, both to protect against the cost of a cyber incident and to use the extensive post-incident services that insurers provide

article thumbnail

13 Important Considerations When Obtaining Cyber Liability Insurance

Joseph Steinberg

While leveraging cyber-liability insurance has become an essential component of cyber-risk mitigation strategy, cyber-liability offerings are still relatively new, and, as a result, many parties seeking to obtain coverage are still unaware of many important factors requiring consideration when selecting a policy.

Insurance 258
article thumbnail

News alert: Beazley reports on how AI, new tech distract businesses as cyber risk intensifies

The Last Watchdog

London, July 13, 2023 — Beazley, the leading specialist insurer, today published its latest Risk & Resilience report: Spotlight on: Cyber & Technology Risks 2023. Yet, boardroom focus on cyber risk appears to be diminishing. trillion by 2025, a 300% increase since 2015 1.