Cyber insurance - Articles - Page 5

5 minutes with Chris Hass: Why you shouldn't rely on cyber insurance

November 24, 2021

Security talks to Chris Hass, former Department of Defense cybersecurity analyst, about why companies shouldn't rely on cyber insurance and what can be done to prepare instead.

The rising tide of cyber insurance premiums in the age of ransomware

Tristan Hinsley

Holden Wegner

November 18, 2021

Insurance providers have had to take on increased risk with ransomware attacks on the rise, thus the surging price of insurance premiums. What are some trends fueling the cyber insurance industry?

Nevada, North Dakota top cybercrime lists in the US

October 25, 2021

A new report studied the per capita rate of cybercrime in each U.S. state, finding that the national average of victims per capita is 240. Find out more about this state-by-state breakdown here.

Cyber Liability Insurance: Moving from Insurance to Assurance; cyber security news

How to protect businesses against the threat of ransomware attacks and the role of cyber insurance

Gary Salman

October 25, 2021

Cyber insurance can still play a critical role in protecting a business during the interruption of a ransomware attack, as well as help cover potential ransom payments and/or associated legal fees.

Raf Sanchez promoted to Global Head of Cyber Services at Beazley

September 17, 2021

Raf Sanchez will assume the new role in October, bringing his experience on the Beazley Breach Response Services team to the position.

Tech companies pledge billions to bolster cybersecurity investments

August 26, 2021

Some of the country’s leading technology companies have committed to investing billions of dollars in strengthening cybersecurity defenses and in training skilled workers, the White House announced, following President Joe Biden’s private meeting with top executives.

Is cyber insurance costing you 30% more?

July 7, 2021

A new report shows that the cost of global cyber insurance increased by more than 30% in 2021.

5 minutes with Seth Rachlin - SolarWinds, cyberattacks and cyber insurance

Maria Henriquez

March 19, 2021

The SolarWinds supply chain attack has, to date, impacted nine government agencies and as many as 100 private sector companies, according to some reports. By the time the full extent of the hack is known, it may be the most widespread security breach on record. But what does this mean for the organizations impacted and is it potentially insurable? In light of the massive cyberattack, we spoke to Seth Rachlin, Executive Vice President and Insurance Lead at Capgemini, to discuss the implications of this attack and the fast-growing cyber insurance market.

New York’s DFS publishes a Cyber Insurance Risk Framework

New York’s Division of Financial Services (DFS) now requires Property and Casualty Insurers writing cyber insurance to comply with the Division’s Cyber Insurance Risk Framework to manage their risk.

Erik Dullea Eric Levy

March 11, 2021

New York’s Division of Financial Services (DFS) now requires Property and Casualty Insurers writing cyber insurance to comply with the Division’s Cyber Insurance Risk Framework to manage their risk.

With ransomware attacks increasing, cyber insurance now seen as a necessity, not a luxury

Shawn Tuma

June 22, 2020

Threat actors launched a cyberattack against the Texas Office of Court Administration, the IT provider for many Texas courts, and encrypted their computer systems with ransomware, leaving those systems useless. Cognizant, which has a large presence in Dallas-Fort Worth and is one of the world’s largest and most sophisticated providers of information technology services for other companies, was hit with ransomware with losses currently estimated between $50 million and $70 million.