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“(A)” sizable portion of small business owners think they are less at risk for such (cyber) attacks. According to a forthcoming study conducted by Embroker, 63 percent of small business owners believe they are unlikely to face a ransomware attack. The same study showed that only 28 percent of these business owners have coverage for … Read more
“Business owners need guidance rather than a federal reinsurance backstop to help them navigate an increasingly volatile cyber insurance market, a panel of experts said recently.” Source: For Now, No Need for Federal Cyber Reinsurance Backstop: Experts
“(Chris) Reese brings more than 35 years of expertise in managing cyber insurance underwriting portfolios, crafting customized coverage, product development and insurance placement for cyber, technology E&O and professional liability, leveraging third party vendors to provide risk identification and mitigation support. Reese is a veteran of the insurance industry, having held leadership positions at NAS … Read more
“Are we de-facto targets? By D. Kellus Pruitt DDS Have you purchased cyber insurance yet, Doc? If you are a HIPAA covered entity, you’re going to need it. Press release: “AIG among insurers see…” Source: Cyber Insurance for Dentists? | The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants
Article notes that some Aussie businesses are slacking off on cyber security after they get coverage. Plus, local regulators are prodding cyber insurers to ensure their own cybersecurity houses are in order. There is an understanding among Aussie companies that cybersecurity is a growing risk, and that cyber insurance is something that might help. … Read more