cyber insurance
Cyberattack prevention is cost-effective, so why aren’t businesses investing to protect?
Cyberattacks like ransomware, BEC scams and data breaches are some of the key issues businesses are facing today, but despite the number of high-profile incidents, many …
Ransomware looms large over the cyber insurance industry
A Panaseer survey of global insurers across the UK and US found that 82% are expecting the rise in premiums to continue, with 74% of insurers agreeing that their inability to …
72% of middle market companies expect to experience a cyberattack
Middle market companies face an increasingly volatile cybersecurity environment, with threats coming from more directions than ever before and more skilled criminals targeting …
Ransomware is up and victims are paying
Sophos released a survey and review of real-world ransomware experiences in a report which shows that 66% of organizations surveyed were hit with ransomware in 2021, up from …
2021 average ransoms paid by quarter was $167K, down 44.2%
In reviewing the evolving cyber risk landscape, a Corvus Insurance report includes a breakdown of the impact of zero-days and third-party risk, updates on ransom severity, …
18% of the top 99 insurance carriers have a high susceptibility to ransomware
Black Kite released a report that examines rising cyber risk concerns and ransomware susceptibility in the insurance sector. The most notable takeaway: nearly 20% of the top …
How the increase in ransomware has impacted the cyber insurance market
Panaseer shares data on actions enterprises are willing to take to solve the escalating cyber insurance crisis. In recent years the cyber landscape has been dominated by a …
Log4j exploitation risk is not as high as first thought, cyber MGA says
When the Log4Shell vulnerability (CVE-2021-44228) was publicly revealed in December 2021, CISA Director Jen Easterly said that it is the “most serious” vulnerability she has …
Cyber insurance trends: Insurers and insurees must adapt equally to growing threats
In this interview with Help Net Security, Avi Bashan, CTO at Kovrr, talks about cyber insurance trends and how the growing threat landscape impacted both insurers and …
Cybersecurity budgets surge, as skills gap wreaks havoc on 2022 plans
As enterprises plan and set budgets for the new year ahead, the vast majority are expecting to channel more dollars toward enhancing their cybersecurity efforts. Organizations …
Shrinking cyber budgets are leaving businesses at risk
The cyber budgets of enterprises rose by less than 1% during the pandemic, according to their cyber budget holders. This left cyber spend stagnating at an average of around …
The cyber insurance dilemma: The risks of a safety net
Cybercriminals have become the modern mafia and ransomware attacks are the new shake-downs. Not only has the ask of the ransoms skyrocketed, but the average ransomware payment …