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Cyber Insurance

Young girl holding a yellow umbrella showing cyber insurance
Cyber SecurityNews

Delinea 2023 State of Cyber Insurance Report: Exclusions Increasing as Costs, Reasons for Denial of Coverage Going Up

September 5, 2023
Report shows cyber insurance coverage continues to become harder to obtain even as demand and prices continue to increase. For some small businesses, even a meaningful level of partial coverage might be out of reach at this point.
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Woman with Umbrella walking on street at night showing cyber insurance and ransomware attacks
Cyber SecurityInsights

Cyber Insurance Cannot Offset the Dangers of Ransomware

May 26, 2023
Cyber insurance only forms part of the puzzle in bolstering cyber resilience. Even with cyber insurance, businesses must not consider themselves immune from ransomware attacks. They must still implement cyber hygiene practices as part of a holistic data protection and recovery strategy.
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Vials of liquid on a white table and the logo of Merck shows insurance claims for NotPetya cyber attack
Cyber SecurityNews

Victory for Pharma Giant Merck in NotPetya Cyber Attack Suit Redefines “Act of War” Insurance Claims

May 16, 2023
Victory for Merck in the long-simmering suit on the 2017 NotPetya cyber attack means that cyber insurers now have much less ground to stand on when denying insurance claims on an "act of war" basis.
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Digital umbrella showing cyber risks and cyber insurance
Cyber SecurityInsights

Squaring the Cyber Insurance Circle: Low Premium, Low Risk, High Security

April 10, 2023
In today’s cyber security environment, organizations always strive for getting the best return on investment when shopping for cyber insurance. Companies desire low-cost policies without accurately assessing risk. Insurers want low risk and to cover as little as possible. How did we get here and where do we go?
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Woman under an umbrella in heavy rain showing cyber insurance
Cyber SecurityInsights

Cyber Insurance: The Policy Changes Needed To Save the Industry

February 9, 2023
In late December last year, Mario Greco, the chief executive of insurance giant Zurich sent shockwaves through the business world when he announced that cyberattacks are set to become uninsurable. Cyber insurance providers are left with no choice but to tighten their policies, or risk going bankrupt.
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Bank of England building showing UK financial regulator stress test report on cyber insurance
Cyber SecurityNews

UK Financial Regulator: Country’s Cyber Insurance Providers Lack Consistency in Risk Assessments, Modeling Capability

February 7, 2023
The UK financial regulator found that cyber insurance firms "mostly" weathered the stress test, in the sense that only a small number reported concluding the scenario with an amount of funds on hand that would put them beneath national solvency capital requirements.
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Crypto coins on a laptop keyboard and hundred-dollar bills in neon light showing ransomware payments
Cyber SecurityNews

Cyber Criminal Revenue Takes a Dive as Organizations Increasingly Refuse Ransomware Payments

January 25, 2023
2020 and 2021 were record years for ransomware payments at about $765 million. The take collected by ransomware operators is now down 40% to $457 million in 2022.
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Businessman holding umbrella in data center showing cyber insurance and cyber business intelligence
Cyber SecurityInsights

Why Cyber Insurance Will Revive Cyber Business Intelligence

January 16, 2023
Things have been tough recently in the cyber insurance industry. Businesses have a difficult time finding affordable policies while underwriters struggle to return loss ratios to profitable levels. These challenging times, however, are forging a resurgence in cyber business intelligence.
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Businessman using smartphone showing cyber insurance and multi-factor authentication
Cyber SecurityInsights

How To Satisfy the Cyber Insurance Requirement for Multi-factor Authentication for Critical Self-Hosted Applications

January 9, 2023
Cyber insurance providers wants to be sure that the company is proactively managing their cybersecurity risk and one of the requirements is to implement multi-factor authentication (MFA) for all applications and APIs. what is the fastest and most cost-effective path to connecting all your self-hosted apps to your identity platform and enabling MFA?
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Businessman caught in heavy rain hiding under his jacket showing cyber insurance
Cyber SecurityInsights

Amid Surge in Ransomware Attacks, More Organizations Are Being Rejected for Cyber Insurance — What Can Leaders Do?

November 28, 2022
Surge in ransomware attacks and the complex cybersecurity landscape – complicated by the growing adoption of remote work – are giving cyber insurance companies leverage to hike premiums at alarming rates. Here are three strategies to help you find keep costs affordable and get approved for coverage you need.
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Latest

Virtual locks on laptop screen showing Europe and post quantum computing

Why Europe Needs to Prioritize the Switch to Quantum-Safe Encryption

Police car siren flashing blue in the night showing third-party data breach

Greater Manchester Police Investigating a Third-Party Data Breach From a Ransomware Attack

Locks on laptop screen showing Iranian hackers target defense organizations with password spraying attacks

Iranian Hackers Use Password Spray Attacks to Compromise Defense Organizations, Pharmaceutical Firms

Jet engine from Airbus showing data breach involving compromised account

Airbus Data Breach from a Partner Airline’s Compromised Account Leaks Confidential Information

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