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The Latest Cybersecurity News & Insights From Around The World
Data Protection and Regulatory Compliance in the Insurance Industry
Insurance companies handle vast amounts of sensitive customer data such as personal information, financial records, and health details. As such, they must comply with strict data protection requirements. Failure to comply with these regulations can result in severe penalties, reputational damage, and loss of customer trust. In this article, you’ll learn about the best data protection practices for the insurance industry.
Finance and Insurance API Security: A Critical Imperative
API security is a critical concern for industries that are undergoing digital transformation. Financial services and insurance sectors are particularly vulnerable due to the increasing number of APIs they need to manage. As early adopters of digitalization, these sectors face unique challenges requiring a customized API security approach.
Cyber Insurers Are Not Your Friend - Why a Warranty May Be a Better Option
In this landscape, organizations need a multi-faceted approach that includes prevention, detection, and response capabilities. A warranty tied to a comprehensive security solution supports this approach, providing both technological protection and financial assurance.
Comprehensive Guide to Cyber Insurance for MSPs
Cybercrime is as lucrative as ever, generating millions in illicit revenues for threat actors. Between 2021 and 2023, global data breaches rose by 72%, breaking all previous records. Meanwhile, data breach costs continue to rise. The average cost of an enterprise data breach in 2024 is $4.88 million — another all-time high. This puts managed service providers (MSPs) in a tight position. Cyber liability insurance can help reduce exposure to steep losses associated with cyberattacks.
What's driving the fluctuating costs of cyber liability insurance?
When you tell people you’re writing a piece on cybersecurity insurance, they tend to make the cock-headed, scrunched-eyebrow expression of a confused puppy.
Obtaining Fit-For-Purpose Cyber Insurance Amid a Volatile Market
After cyber insurance rates skyrocketed from late 2020 to 2022, when the majority of the market had little choice but to switch to a completely remote way of working, prices have slowly started to drop. This new downward trend is promising, as organizations are increasingly searching for the most cost-effective ways to manage their cyber risks and offset potential losses.
The Impact of COVID on Cyber Insurance: Premiums and Coverage
Examine how the COVID pandemic affected cyber insurance claims and premiums. Discover the trends in insurance pricing and the importance of taking basic protective steps to maintain affordable coverage.
Current State of Cyber Insurance: Addressing Underinsurance in SMEs
Discover the current penetration rates of cyber insurance among UK businesses, particularly SMEs, and the challenges of underinsurance. Learn how the hike in cyber attacks due to COVID has driven awareness and the need for better coverage.
Redefining Cyber Insurance to Meet Today's Cybersecurity Challenges
Is Your Business Insurance Keeping Pace with Evolving Cyber Threats? Welcome to another episode of Razorwire! I'm your host, Jim, and today we dive deep into the dynamic world of cyber insurance. Neil Hare-Brown and Matt Clark, two industry experts, join us to share their insights on how cyber insurance has adapted to meet today's security challenges. Tune in to discover how cyber insurance can be an integral part of your organisation's defence strategy and ensure you're prepared for whatever comes your way.