The Source for Cyber Insurance News, Insights and Data
Top News about Cyber Insurance
Cyberattacks are becoming increasingly common and costly. In 2017, one of the largest cyber insurance claims ever paid was a whopping $100 million, paid out to Mondelez International. Mondelez is a multinational confectionery, food, and beverage company with brands such as Oreo, Cadbury, and Trident. $100 million claim The cyberattack on Mondelez was a ransomware … Read more
Our headline is a bit sarcastic, but it captures the findings of a survey covering more than 300 enterprises by Delinea, a provider of Privileged Access Management (PAM) solutions. The report provides insights on cyber insurance cost and time required to get a policy. The survey reports that almost 80% of companies saw their cyber … Read more
Quantum computing is a rapidly developing field with the potential to revolutionize many industries. But revolution isn’t always for the good. It also poses serious security risks and businesses need to reexamine their cyber insurance protection. Quantum computers can break current encryption algorithms, which could allow hackers to access sensitive data. They could also be … Read more
CyRisk provides the service, which it describes in this release as a “virtual CISO advisory service offering under the program includes two 90 minute consultations with CyRisk’s experienced consultants that ranges from security and vulnerability program management and incident response preparedness to privacy and regulatory guidance.” With the complexity of cybersecurity growing by the day, … Read more
Zurich buys SpearTip to bolster its cyber risk and mitigation services to customers. “‘Both Zurich Resilience Solutions and SpearTip share a commitment to helping businesses anticipate and prevent cyber threats while being ready to respond when an attack occurs,’ said Tom Fioretti, Head of North America Zurich Resilience Solutions. ‘The acquisition of SpearTip represents a further … Read more