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Cyber Insurance

Why “Ransomware Insurance” Causes Healthcare Industry to Overlook Deeper, Underlying Security Issues

September 2, 2021

For the healthcare sector where 34% of all organizations were hit by ransomware last year, cyber insurance may seem like a good investment. However, this may give many organizations a false sense of security.

Cyber Security News

Ransomware Attack Reported at Insurance Giant AXA One Week After It Changes Cyber Insurance Policies in France

May 25, 2021

AXA made news earlier in the month for opting to drop ransomware payment coverage from new cyber insurance policies in France. Operations in Asia were subsequently hit by a ransomware attack.

AXA office building showing cyber insurance will not cover ransomware payments

Cyber Security News

France’s Largest Insurer Will No Longer Cover Ransomware Payments

May 13, 2021

AXA France, regional division of European insurance giant AXA Group and France's largest general insurer, has announced that it will no longer reimburse ransomware payments for customers within the country.

Hacker is hacking into the computer network showing cyber insurance firm suffering cyber attack

Cyber Security News

Cyber Insurance Firm Suffers Sophisticated Ransomware Cyber Attack; Data Obtained May Help Hackers Better Target Firm’s Customers

April 5, 2021

Cyber insurance firm CNA Financial potentially leaked clients’ data after being the victim of a sophisticated cyber attack that disrupted services. Data obtained may help hackers optimize targeting of firm’s customers.

Stacks of gold money coin showing cost of cyber claims

Cyber Security News

Stats on Cyber Claims: Cyber Crime is Most Expensive, Internal Failures are Most Frequent

December 2, 2020

New report from Allianz finds that cyber crime causes the most expensive insurance losses, but that internal failures are the most frequent overall reasons for cyber claims.

Businessman standing with umbrella showing cyber insurance becoming a necessity for companies

Cyber Security Insights

Cyber Insurance Becoming a Necessity, No Longer a Luxury for Prepared Companies

June 4, 2020

With number of cyberattacks climbing, having a cyber insurance with the appropriate coverage can make a difference between a company surviving an incident and shutting down because of it.

Young man is holding umbrella during thunderstorm showing cyber insurance not covering emerging risks

Cyber Security News

Most Businesses Vulnerable to Emerging Risks Not Covered by Their Cyber Insurance

May 11, 2020

Most businesses are more vulnerable to emerging risks such as malware and ransomware attacks than traditional threats yet there are coverages gaps in their cyber insurance policy.

Digital form of an umbrella showing an increase in companies turning to cyber insurance

Cyber Security News

More and More Companies Turn to Cyber Insurance, Report Reveals

April 8, 2020

Marsh report shows that companies purchasing cyber insurance in 2019 more than doubled since 2014 as more and more companies are recognizing cyber threats as a critical business risk.

Businessman stacking coins showing ransomware attacks are causing cyber insurance rates to go through the roof

Cyber Security News

Ransomware Attacks Are Causing Cyber Insurance Rates to Go Through the Roof; Premiums up as Much as 25 Percent

February 10, 2020

Ransomware attacks are causing a spike in cyber insurance rates as insurers need to cover ransom amount and recovery costs if hackers fail to make good on unlocking the compromised systems.

Businessman standing next to dangling carrot showing how cyber insurance providers incentivize clients to buy from specific vendors

Cyber Security News

Cyber Insurance Providers Now Incentivizing Clients to Buy From Specific Vendors

October 28, 2019

Cyber insurance providers will now incentivize clients to buy cybersecurity services and products under the new Marsh Cyber Catalyst program with first group of 17 services added this September.

Cyber Insurance

Why “Ransomware Insurance” Causes Healthcare Industry to Overlook Deeper, Underlying Security Issues

Ransomware Attack Reported at Insurance Giant AXA One Week After It Changes Cyber Insurance Policies in France

France’s Largest Insurer Will No Longer Cover Ransomware Payments

Cyber Insurance Firm Suffers Sophisticated Ransomware Cyber Attack; Data Obtained May Help Hackers Better Target Firm’s Customers

Stats on Cyber Claims: Cyber Crime is Most Expensive, Internal Failures are Most Frequent

Cyber Insurance Becoming a Necessity, No Longer a Luxury for Prepared Companies

Most Businesses Vulnerable to Emerging Risks Not Covered by Their Cyber Insurance

More and More Companies Turn to Cyber Insurance, Report Reveals

Ransomware Attacks Are Causing Cyber Insurance Rates to Go Through the Roof; Premiums up as Much as 25 Percent

Cyber Insurance Providers Now Incentivizing Clients to Buy From Specific Vendors

Facebook Tells Advertisers It Has Been Underreporting Ad Performance by About 15% Since iOS 14.5 Privacy Update

Ransomware Payments Prompt Treasury Department Sanction on Russian Crypto Exchange SUEX

3 Cybersecurity Lessons for Working-From-Home as Enterprises Prepare for New Hybrid Era

Over 813,000 Apps Removed From Apple App Store and Google Play in H1 2021