Does Getting Cyber Insurance Have to be so Painful?
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.
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The Latest Cybersecurity News & Insights From Around The World
Insurance
How to Negotiate the Best Cyber Insurance Policy
Most companies will quickly accept the insurance provider's first offer when negotiating cybersecurity insurance policies. Although a relatively new component of the insurance sector, providers have still been conducting cyber assessments and offers for years and are the so-called expert. However, this way of thinking costs enterprises thousands, if not millions, of dollars a year in deductibles.
What is Cyber Insurance? (And Is It Worth the Costs?)
Cyber attacks have grown significantly over the last few years, and their cost to victim organizations marches ceaselessly upward as well. Now many of those victim organizations are learning the hard way that business insurance policies often won’t cover the regulatory fines from security incidents that are considered “preventable.” Hence the need for extra protections from “cyber insurance” to fill any coverage gaps you might have.
Webinar: Insuring Your Digital Future - Understanding Cyber Insurance Requirements
With cyber threats becoming increasingly common, businesses of all sizes must be prepared to protect themselves from potential data breaches and other cyber attacks. Cyber insurance can be an important tool for managing these risks, but understanding the requirements of cyber insurance can be challenging. These requirements typically vary depending on the specific policy and insurer, but they often include factors such as the size and type of business, the industry in which the business operates, and the risk level associated with its IT infrastructure and data. In addition to meeting these eligibility requirements, businesses may need to comply with certain cybersecurity protocols and standards to maintain their coverage. This webinar will discuss these cyber insurance requirements and offer potential solutions for protecting your business from data breaches and other cyber threats.
Why cyber insurance should be part of any comprehensive risk management strategy
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).
State of API Security: Financial Services and Insurance
API security is a pressing concern for industries undergoing digital transformation, and none more so than financial services and insurance.
Insurance Services Company Imagine360 Gets Breached, Exposing 125k Individuals
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.
What to Expect When Seeking Cybersecurity Insurance
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.
Is Cyber Insurance Worth It?
Are you considering whether cyber insurance is worth it for your organization? It could be. With the rise in ransomware, DDoS attacks and data breaches, cyber insurance is being used as a way for companies to protect themselves as they realize risks in their business. However, many insurers are now excluding ransomware1 and state-backed attacks2 from their coverage. So, how can you determine whether cyber insurance is worth it?
USAA Insurance Suffered a Serious Breach Exposing Thousands
USAA Auto Insurance is one of the leading insurance companies in the country today and is known for offering reliable coverage to many people in the country. The organization was founded in 1922 with a group of Army officers and has since expanded dramatically. The organization serves millions of individuals and has detailed information for so many customers that it's a real risk that the company recently went through a data breach.