Data Breach

Cyber Insurance Sunday – Upload

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Here it is—Your Cyber Insurance Sunday—Upload. The latest cybersecurity insurance news. A few items from the week: Reports on critical infrastructure risk by the GAO and Chaucer; Blumira and Trava Security partner; SecurityScorecard looks to the skies; there is always lots of ransomware news; and IBM looks at the cost of data breaches. There’s more. … Read more

Berkley Cyber Risk Solutions Launches Crisis Counseling Coverage for Data Breach Victims

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Data breaches, often triggered by human error, not only compromise security but also bring significant emotional distress and financial impacts to the employees involved. The stress and guilt stemming from these incidents can affect productivity and well-being, leading to a tangible cost for businesses. In response, Berkley Cyber Risk Solutions, a division of the Berkley … Read more

80% of Businesses Underinsured: Cyber Breach Costs Shockingly Higher Than Insurance Coverage – Report

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In a recent report, CYE, a leading cybersecurity optimization platform provider, revealed alarming discrepancies in cyber breach insurance coverage. The study, “Inadequacies in Breach Insurance Coverage: A Data-Driven Gap Analysis,” highlights a massive 350% gap between organizations’ insurance coverage and the actual costs incurred from cyber incidents. This gap results in an average of $27.3 … Read more

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