New Cyber Claims Guide from Aon & Crawford
“Crawford’s global head of Cyber Paul Handy says organisations should focus not only on risk prevention but also preparedness in the event of a cyber incident, and a key part…
Use Microsoft 365 and Get Cyber Insurance Discount; Tech Companies Team with Cybersecurity Insurance Providers
Microsoft teaming with At-Bay. Google Cloud previously announced similar collaboration with Allianz and Munich Re. Source: Microsoft’s Ann Johnson Talks MFA, Cyber Insurance, and Crystal Balls – SDxCentral
Corvus Insurance Reports Some Good News: Victims of Ransomware Less Likely to Pay Off Hackers
While the average ransomware payment ($290k) has increased in Q3 2021 compared with the same quarter last year, a smaller percentage of ransomware demands are being met. The insuretech provider…
It’s Just Business: Useful Data-driven Study on How to Negotiate With Ransomware Attackers
Analysts with Fox-IT (of the of NCC Group) created a database of more than 700 ransomware negotiations between 2019 and 2020. Tip 1: Don’t lose your cool with the hackers….
Ransomware to Drive At Least One Top Cyber Insurance Provider Out of Market in 2022: Forrester
Prediction comes from Forrester Senior Analyst Jeffery Williams: “Bottom line, insurers have been collecting small premiums while facing near-infinite risks. At least one top 10 cyber carrier will cease writing…
The Future of Cyber Insurance: Stand-Alone Coverage + M&A
“Consumers can expect some significantly different offerings in the coming years. ‘Now you see cyber insurance as an add on to other types of policies — an addendum to a…
Read More “The Future of Cyber Insurance: Stand-Alone Coverage + M&A” »
Increase in Back-Ups Leading Ransomware Attackers to Exortion Rather Than Just Denial
As more and more enterprises back up their data to protect it from being encrypted (and thereby made inaccessible) by ransomware attacks, criminals are now moving to steal the data…
Read More “Increase in Back-Ups Leading Ransomware Attackers to Exortion Rather Than Just Denial ” »
Marsh Launches Cyber Risk Analytics Center
“The center will be headed by Managing Director Scott Stransky, a cyber risk and catastrophe modeler. Stransky joined Marsh McLennan earlier this year after more than a decade at AIR…
Solutions for Healthcare Organizations Seeking or Maintaining Cyber Insurance
“One of the numerous requirements is for organizations to implement and run a PAM (Privileged Access Management) tool that will continuously scan access, provides Just In Time Access (JITA), and…
Read More “Solutions for Healthcare Organizations Seeking or Maintaining Cyber Insurance ” »
Brokers & Clients Continue to Lack Knowledge to Make Good Cyber Insurance Decisions: Insurance Business America
“One broker noted that ‘the insurance industry has done a really poor job on educating brokers and, more importantly, clients about how important cyber coverage is, how great the risk…