Secrets of a Ransomware Negotiator
“It’s not an easy path to navigate, (Nick) Shah (a former kidnap and hostage negotiator) said, and it is made even more complex by the fact that cyber negotiations tend…
Are Cyber Insurers and their Clients Putting Too Much Trust in MFA (Multifactor Authentication) to Stop Ransomware?
The report asserts the industry is putting too much emphasis on MFA as a defense when more attacks come via social engineering or unpatched software and Remote Desktop Protocol (RDP)-involved…
Read More “Are Cyber Insurers and their Clients Putting Too Much Trust in MFA (Multifactor Authentication) to Stop Ransomware? ” »
Ransomware Losses Are Good for the Cyber Insurance Industry: CyberCube CEO
The attacks are driving better underwriting and higher premiums with sustainable loss ratios, despite media reports of major disruptions and high ransoms. “In a way, the headlines are right —…
Read More “Ransomware Losses Are Good for the Cyber Insurance Industry: CyberCube CEO” »
Does Cyber Insurance Attract Attacks from Ransomware Rings?
“Some ransomware gangs are even actively seeking to target victims with cybersecurity policies because they believe that’s the best way to guarantee they’ll make money from encryption campaigns:” reports ZDNet,…
Read More “Does Cyber Insurance Attract Attacks from Ransomware Rings?” »
The Squeeze Between Ransomware and Business Interruption Insurance
Cyber insurance companies may urge clients to pay ransoms because insurance losses from not paying may be more than the ransom demand. “(E)ven when companies do want to hold out,…
Read More “The Squeeze Between Ransomware and Business Interruption Insurance” »
Cyber Insurance Industry Is Struggling. Here’s How to Fix It, Suggests UK Security Think Tank
The insurance industry has failed to keep up with the cyber risk environment, says the Royal United Services Institute for Defence and Security Studies in a June 2021 report. It…
Cyber Insurers Need to Protect Themselves First
We’ve all heard a flight attendant tell passengers to don the emergency air mask first before they try to help others. The same concept holds for cyber insurance companies, some…
Read More “Cyber Insurers Need to Protect Themselves First” »
Cyber Insurance Pays Back Only App. 60% of Ransomware Costs & Then Rates Go Up
There’s grim news in a new survey from cloud vendor Cloudian and Sapio Research: Cyber insurance only pays about 60% of costs from ransomware attacks — and paying ransoms often…
Read More “Cyber Insurance Pays Back Only App. 60% of Ransomware Costs & Then Rates Go Up” »