The Leading Source for Cybersecurity Insurance News, Insights and Data
“The Hive group claims to have breached the system and then obtained details of its cyber insurance policy to use in negotiations. ‘We are very well informed and precise in…
Read More “Hacker Group Cites Target’s Cyber Insurance Limits in Ransom Demand ” »
“The increase in successful ransomware attacks is part of an increasingly challenging broader threat environment which has affected healthcare more than any other sector. Healthcare saw the highest increase in…
Read More “2/3s of Healthcare Organizations Hit By Ransomware in 2021: Sophos” »
LIkely a confusing and counter-productive take, in our opinion. DHS is now, in effect, raising questions about whether businesses should get cyber insurance. Or is the agency implying businesses self-insure…
Read More “Feds Discourage Cyber Insurance — at Least for Ransomware (Congressional Testimony)” »
“Munich Re has been involved in managing cyber risk from the first moment it became a consideration. The results of our Global Cyber Risk and Insurance Survey 2022 underline that…
Read More “Useful Survey on Global Cyber Risk and Insurance from Munich Re” »
One example: “The cyber security insurance application asked whether I had deployed an endpoint detection and response (EDR) tool.” Source: What your cyber insurance application form can tell you about ransomware…
Read More “What Does It Take To Get Your Cyber Insurance Renewed? Plenty. ” »
“Instead of paying a $569,000 (cyber insurance) premium to pay the contractors or the ransom, a city pays millions,” says the report, which details some of the expenses after the…
“The vendor-agnostic survey of 5600 IT professionals, conducted by Vanson Bourne, found that 98% of businesses hit by ransomware had cyber insurance that covered ransomware and that the policy paid…
“Polk County won’t be adopting a special cyber insurance plan out of concern that doing so could increase risks of being hacked, county administrator John Norris told supervisors in a…
Read More “Iowa County Decides Cyber Insurance Creates More Risk Than It Mitigates ” »
You’ve got a month-and-a-half to suggest “any potential changes to the [Terrorism Risk Insurance Act] or [Terrorism Risk Insurance Program] that would encourage the take up of insurance for…
Where reporting requirements exist, lawsuits follow. “The Cyber Incident Reporting Act puts in motion important new cybersecurity reporting requirements that will likely apply to businesses in almost every major sector…
Read More “Cyber Incident and Reporting Act Signed by President Biden ” »