Cyber Insurance

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Cyber Insurance

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.

Engineer holding umbrella in data center showing cyber insurance and security controls

Cyber Security News

80% Of Companies Filing Cyber Insurance Claims Portends Higher Costs, New Requirements for Security Controls

November 17, 2022

Requirements by insurers to implement security controls are already on the rise as 80% of cyber insurance policyholders have filed a claim and 50% have filed more than one.

Man typing on keyboard of laptop showing PAM and MFA affects cyber insurance premiums

Cyber Security Insights

How PAM, MFA Helps Organizations Meet Cyber Insurance Requirements

September 27, 2022

Given that compromised credentials are a leading cause of cyber attacks, many cyber insurance underwriters are looking for robust privileged access management (PAM) and multifactor authentication (MFA) controls before pricing out their policies.

Computer system hack warning showing ransomware attack and cyber insurance

Cyber Security Insights

Prevention Is Better Than Cure: Ransomware Insurance Is Not a Cybersecurity Strategy

September 13, 2022

2021 was the year of ransomware, with attacks almost doubling in 2020. Cyber insurance providers, reeling from an historic couple of years, are maturing their qualification processes and raising the bar for pay-outs, so businesses can no longer rely on insurance alone as a protection and recovery strategy.

Girls take shelter with umbrellas from strong wind and rain showing cyber insurance coverage for ransomware payment

Cyber Security News

“Cyber Insurance Gap” Growing as 80% Of Business Coverage Below Median Ransomware Payment Demand

September 7, 2022

Only 55% of the organizations surveyed are carrying any cyber insurance at all. And of those that are insured, just under 20% have more than $600,000 in coverage; not enough to meet the usual ransomware payment, let alone the potential cleanup costs.

Finger pointing at virtual lock showing cyber insurance and preventive measures

Cyber Security Insights

How To Lower the Cost of Your Cyber Insurance Premiums

August 3, 2022

By the end of 2021, 98% of companies were experiencing increases in cyber insurance costs. It has never been more important for businesses to demonstrate to insurers the efforts made to combat the cyber threat.

Businessman standing with an umbrella in the ocean showing cyber insurance and zero trust architecture

Cyber Security Insights

Obtain (And Keep) Cyber Insurance With Two Magic Words: Zero Trust

July 22, 2022

Cyber insurance has become fiendishly difficult and extremely expensive to secure and maintain. Businesses looking to obtain cyber insurance would be wise to adhere to the principles of Zero Trust Architecture (ZTA).

Businessman standing while holding an umbrella showing cyber insurance based on attack surface EASM

Cyber Security Insights

How Are Cyber Insurance Premiums Calculated? It’s Complicated, but EASM Can Provide Clarity

July 7, 2022

Factoring External Attack Surface Management (EASM) into the equation means the math is clear for all. Insurance companies can better justify premium prices, while companies can demonstrate their cyber posture when applying for cybersecurity insurance.

Magnifying glass on computer keyboard showing digital forensics and incident response for cyber insurance

Cyber Security Insights

Your Digital Forensics and Incident Response Capabilities — Or Lack Thereof — May Be Weighing on Your Cyber Insurance Premiums

June 16, 2022

Cyber insurance providers wants policyholders to increase their cyber resilience. A thorough incident response strategy that leverages digital forensics can help enterprises ensure they have the means to protect themselves even after an attack has occurred.

Business woman using finger to touch virtual lock showing cyber insurance

Cyber Security Insights

Follow These Best Practices To Meet Cyber Insurance Requirements and Save

March 31, 2022

By improving your overall security profile and demonstrating a low risk profile, you’ll be able to negotiate lower cyber insurance premiums and enjoy long-term savings.

Cyber Insurance

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

80% Of Companies Filing Cyber Insurance Claims Portends Higher Costs, New Requirements for Security Controls

How PAM, MFA Helps Organizations Meet Cyber Insurance Requirements

Prevention Is Better Than Cure: Ransomware Insurance Is Not a Cybersecurity Strategy

“Cyber Insurance Gap” Growing as 80% Of Business Coverage Below Median Ransomware Payment Demand

How To Lower the Cost of Your Cyber Insurance Premiums

Obtain (And Keep) Cyber Insurance With Two Magic Words: Zero Trust

How Are Cyber Insurance Premiums Calculated? It’s Complicated, but EASM Can Provide Clarity

Your Digital Forensics and Incident Response Capabilities — Or Lack Thereof — May Be Weighing on Your Cyber Insurance Premiums

Follow These Best Practices To Meet Cyber Insurance Requirements and Save

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