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“There has been a huge increase in the number of insurers that specifically exclude cyber events that affect digital building systems, such as HVAC, lighting, elevator, parking, and access control,…
Read More “Smart-Building Landlords Not So Smart About Cyber Insurance? ” »
Concierge Cyber offers pre-arranged incident response services to small and medium businesses (along with some “pre-loss” security services, such as training). Given the imperative for companies to react rapidly to…
Read More “It’s Called the “Roadside Assistance” of Cyber Security for SMBs” »
Josephine Wolff offers the critique in her well-researched book, Cyberinsurance Policy: Rethinking Risk in an Age of Ransomware, Computer Fraud, Data Breaches, and Cyberattacks (MIT Press, 2022). Are insurers and…
Read More “Growing Reliance on Stand-Alone Cyber Insurance Policies Questioned by New Book ” »
“During an XChange session titled ‘What An MSP Needs To Know About Cyber Insurance,’ …Paul Vedder, managing director of Palm Beach Grardens, Fla.-based VXI…agreed that compliance is becoming a larger…
Read More “MSPs Warned: Be Careful About Giving Clients Cyber Insurance Advice ” »
This useful survey includes reasons companies buy cyber insurance (see below). It also notes that a third of respondents say their cyber insurance policies are written unclearly. Source: 2022 Advisen-Zurich…
“If this federal court case proceeds, and gains class-action status that the litigants are seeking, it could further alter already evolving compliance and liability concerns for banks and other U.S….
Read More “Lawsuit Against KeyBank Harbinger of Emerging Cyber Liability Dynamics” »
[paywall] “Around 18 months ago, underwriters asked companies whether they required multifactor authentication when administrators accessed their system, said Tom Reagan, cyber practice leader in Marsh McLennan’s financial and professional…
“Officials can look at the probabilities of attacks succeeding and probabilities that these result in different depths of financial losses. Then officials can factor in how adopting different preventive measures…
Read More “Report Helps Gov Agencies Analyze ROI of Cyber Defenses/Insurance ” »
Jon Bateman, senior fellow in the cyber policy initiative of the Technology and International Affairs Program at the Carnegie Endowment for International Peace: “’If we see a true cyber catastrophe…
Read More “Would Cyber War Force US Government to Bail Out Losses? ” »
Article also warns that many attacks on schools are not reported. “Adequate third-party risk transfer through cyber insurance is becoming increasingly unattainable for school districts, with annual premiums across K-12…