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“Meanwhile, cyber security firm Coveware likened the 90%-plus profit margin from ransomware attacks in 2021 to the gains Colombian cocaine cartels made in 1992.” Source: Insurers Cut Their Appetite for…
We can think of some more. According to the report: “…the biggest misconception around cyber insurance is still summarized by the sentence, ‘It’ll never happen to me.’ Cyber attacks are…
Universities may have weaker security controls than companies of the same size but offer troves of student and research info…”Katherine Mayer, associate vice president for information security at the University…
2.3 million dark net accounts are operating in Russia and many offer stolen data, says expert from Russia’s largest bank. Cyber attacks have cost Russian companies and citizens up to…
Read More “Russians Are Often on the Receiving End of Cyber Attacks ” »
Kocsondy was formerly an SVP at Chubb. Source: Beazley hires Patricia Kocsondy as Head of US Cyber & Tech – Reinsurance News
Hiscox Ltd (LSE:HSX) lists increasing cyber insurance rates as part of its turn to profitability in the first half of 2021, according to its 2021 interim and Chairman’s statement. “Rate…
Read More “Ramping Cyber Insurance Premiums Help Hiscox Hit Profitability in H1 2021 ” »
The solution comes from TechAssure, a non-profit consortium of insurance and risk mitigation companies, which has teamed with RiskAnalytics and ICE Cybersecurity to provide the program. “The missing piece in…
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 insurance — also called cyber security insurance, cyber liability insurance, cyber risk insurance, and data security insurance, among other terms — is an insurance product used to protect businesses…