The Source for Cyber Insurance News, Insights and Data
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 new business and selectively run off existing business in 2022.” Read the blog post here. “Download Forrester’s Predictions 2022 complimentary guide and find out what’s … Read more
“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 property policy or a liability policy. I think you may see more standalone cyber insurance policies that cover the full range of attacks,’ predicts Cindy … Read more
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 first before they encrypt it. If the target does not pay up, the attacker releases sensitive data. “Threat actors are now shifting to the method … Read more
“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 Worldwide. He holds a bachelor’s degree in mathematics and a master’s degree in atmospheric science, both from MIT, and his work has been published in … Read more
“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 delivers protection when credentials are compromised.” CynergisTek (CTEK), a leading cybersecurity firm helping organizations in highly regulated industries navigate emerging security and privacy issues, announces … Read more