cyber insurance
APIs in the insurance industry: Accessing a growing world of data
The insurance industry is vast and varied. It can be found in nearly every country in the world, with the earliest references dating back as early as 1750 BC. Modern …
Middle market companies facing a record number of data breaches
Middle market companies possess a significant amount of valuable data but continue to lack appropriate levels of protective controls and staffing, according to a report from …
How do I select cyber insurance for my business?
There has been a 70%+ increase in the average cost of a cybercrime to an organization over five years to $13mn and a 60%+ increase in the average number of security breaches, …
Cyber insurance claims on the rise
External attacks on companies result in the most expensive cyber insurance losses, but it is employee mistakes and technical problems that are the most frequent generator of …
Companies that facilitate ransomware payments risk violating US sanctions
Companies that ransomware-hit US organizations hire to facilitate the paying of the ransom are at risk of breaking US sanctions, falling afoul of the US Department of the …
Businesses vulnerable to emerging risks have a gap in their insurance coverage
The majority of business decision makers are insured against traditional cyber risks, such as breaches of personal information, but most were vulnerable to emerging risks, …
The battle against ransomware: Lessons from the front lines
Ransomware is arguably the most significant cybercrime innovation in recent history. The ransomware business model is so effective that it is now the most common and …
Rising threats call for primary cyber resilience, new strategies for governments
Cybercriminals are holding governments hostage more frequently, expanding their attack base, and asking for more money, according to a report released by Deloitte. The study …
The overlooked part of an infosec strategy: Cyber insurance underwriting
When a data breach or cyber attack hits the headlines one of the last things businesses are likely to consider is how cyber insurance could helped. Outside of a general …
Danish company Demant expects to suffer huge losses due to cyber attack
Danish hearing health care company Demant has estimated it will lose between $80 and $95 million due to a recent “cyber-crime” attack. Though the company has yet …
How organizations view and manage cyber risk
Amid a wider range of issues to handle, a majority of board members and senior executives responsible for their organization’s cyber risk management had less than a day in the …
The ransomware attack cost Norsk Hydro $40 million so far
A little over a week after the beginning of the ransomware attack targeting Norsk Hydro, the company has estimated that the costs it incurred because of it have reached …
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