The Source for Cyber Insurance News, Insights and Data
Three-quarters of organizations that suffered a material cyberattack and business interruption in the past year blew through their recovery time objective. On average, recovery took nearly twice as long as the objective they had set. That figure does not appear in Cohesity’s press release. It sits on page six of the full report, and it … Read more
Security leaders trust AI with almost nothing. Their carriers approved ransom payments in half the cases where money moved. A third party made the payment decision in half of the ransomware cases where a ransom got paid. Arctic Wolf names the cyber insurer as the example. The finding sits on page 13 of the company’s … Read more
It is Friday at 8 p.m. Your team has been wrestling with a problem all week. The systems are encrypted. The backups are gone. Somebody waves the white flag. The call goes to Matt Mosley, an incident response manager at Sygnia. He has answered calls like that from Nigeria. He has answered them from companies … Read more
Cyber insurance is becoming a key part of corporate risk management as cyber losses rise, threats spread more quickly, and many companies are still unprepared. This is the main message from Strengthening Cyber Resilience Through Insurance, a new report from the Geneva Association. According to the report, the median annual loss from a cybersecurity breach … Read more
Cyberattacks often happen during holidays, weekends, or other times when people are less alert. In those moments, acting quickly is crucial. Like with a fire or break-in, organizations need fast incident response. Alliant Insurance Services created Cyber Response One to help. This new hotline connects clients right away with cyber specialists during an active attack. … Read more