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AXA office building showing cyber insurance will not cover ransomware payments
Cyber SecurityNews

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

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.
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Stacks of gold money coin showing cost of cyber claims
Cyber SecurityNews

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

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

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

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

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

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.
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Umbrella in rain showing how AIG case highlights complexities of covering cyber-related losses
Cyber SecurityNews

AIG Case Highlights Complexities of Covering Cyber-Related Losses

October 24, 2019
AIG is disputing a breach of contract lawsuit for not covering nearly $6 million in losses at SS&C Technologies. The insurer claims its cyber insurance policy do not cover brazen criminal attacks.
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Woman using calculator to calculate bills showing how the cyber insurance payouts are encouraging more ransomware attacks
Cyber SecurityNews

Cyber Insurance Payouts Are Only Encouraging More Ransomware Attacks

October 1, 2019
Cyber insurance companies are choosing to settle things quickly with a ransom payment during ransomware attacks for fear of covering all the business interruption costs and delays of re-booting a company from scratch.
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Happy woman shopping showing credit card data stolen from online checkout using PHP code

FBI: Hackers Injected Malicious PHP Code Into Online Checkout Pages to Scrape Credit Card Data

Hand touching screen of smartphone showing cyber defense

5 Ways Enterprises Can Protect Their Data, Time, Money, and Infrastructure

New Data Shows Compliance Falls Short of Protecting Your Organization

A army of green robots showing bad bot traffic

Bad Bot Traffic Report: Almost Half of All 2021 Internet Traffic Was Not Human

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