Exploitable Application Flaws Increase Cyber Risks
A serious Microsoft vulnerability proved why paying claims can't be the only function of cyber insurance.
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With Cyber Risks Evolving, Cyber Insurance is Becoming Harder to Get
"The underwriting on these policies is very sophisticated, and has grown a lot more sophisticated as risk has increased," said Stephen Liverpool, general counsel of Raymond James Bank in St. Petersburg, Florida.
Read Full ArticleThe Hartford Partners with Mimecast in Effort to Help Reduce Cyber Incident Risk
The Hartford has partnered with Mimecast, an email and data security company, to offer awareness training services in an effort to help customers reduce the risk of a cybersecurity incident before it occurs.
Read Full ArticleLitigation Trends in Cyber Coverage for Wire Fraud
"The litigation trends in the cyber insurance space confirm the need for policyholders to review the wording of their policies carefully with their risk managers, brokers, and advisers," say Jordano and Ziffer.
Read Full ArticleUnprecedented Cybercriminal Activity in 2020 will Persist in 2021
Ransomware attacks increased by 40% globally in 2020, but that rate nearly quadrupled in the U.S. with a 139% surge.
Read Full ArticleOnline Learning Comes with its Own Insurance Considerations
Since 2005, U.S. schools have lost 24.5 million records in data breaches.
Read Full ArticleA Single Global Ransomware Attack Could Cost Businesses Almost $200 Billion, New Study Says
A global ransomware cyber-attack could cost $193 billion and affect more than 600,000 businesses worldwide, according to a new report from the Cyber Risk Management project.
Read Full ArticleWhy Lawyers Say Every Business Should Buy Cybersecurity Insurance
With looming attack and litigation risk, lawyers say every business should buy cybersecurity insurance because lawsuits often follow cyberattacks.
Read Full Article5 Cybersecurity Events Keeping CEOs Up At Night
It's cybersecurity awareness month, and with ransomware and phishing attacks on the rise, companies must continuously focus on cyber risks to protect assets and customers.
Read Full ArticleCyber Insurance Risk Assessments Amid The Coronavirus Pandemic
Discusses changes in cyber insurance risk assessments since the convergence of the coronavirus pandemic and the shift to work-from-home.
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