Cyber insurance has become a key component of risk management for many organizations. However, it can be difficult to keep up with cyber insurance requirements and avoid high premiums. One of the best ways to secure better cyber insurance coverage and premiums is by implementing a solid Privileged Access Management (PAM) solution.
In today’s threat landscape, it is essential for companies to have a good cybersecurity strategy that is supported by cyber liability insurance. The global average cost of a data breach now reaches $4.45 million, according to IBM data. However, a 2022 survey highlights that only 19% of companies state that their insurance covers more than six hundred thousand dollars.
A short summary on the history of cyber insurance underwriting. What it is, how it got so complicated, and what can be done about it.
The recent rise of ransomware, attacks on supply chains and increasing costliness of privacy regulations has made cyber insurance an important topic of discussion. But it can be tricky to keep up with cyber insurance requirements. One of the most robust ways to meet those requirements is with multi-factor authentication (MFA).
API security is a pressing concern for industries undergoing digital transformation, and none more so than financial services and insurance.
Imagine360 is a Pennsylvania-based company that works with employers to develop custom health plans for their workers. The organization specializes in helping companies save money on insurance while giving better insurance to their employees. The company works with medium and large businesses and handles a large amount of data for its clients. Imagine360 LLC was recently a victim of two different file transfer data breaches, which means that health-related data and personal data have been exposed.
Cybersecurity liability insurance has progressed dramatically since the first bona fide policies emerged in the late 1990s. Some of the greatest changes that have occurred in recent years include insurance companies no longer insuring against state-sponsored attacks or ransomware events. The insurers do not want to become part of a cyber-war.
