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Cyber Insurance: Growing Market Pushes Insurers to Expand Their Skills

Thanks to high profile cases like Target and Neiman Marcus, corporate risk managers are now seeing cyber insurance as a necessary budget item. The U.S. cyber insurance market is projected to reach $2...

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Cyber Insurance: How to Make Sure Your Policy is a Good Fit

With all the high-profile data breaches that are coming to light these days, the need for cyber insurance is increasing. As more companies look into securing cyber insurance policies, it is important...

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Sony Has Millions in Cyber Insurance But It Might Not Be Enough

According to documents leaked by the group claiming responsibility for the attack on Sony Pictures, the company has approximately $60 million in cyber insurance coverage. The big question is...will...

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Cyber Insurance: Changing How Businesses Work

Unlike other insurance policies that are solely intended to cover costs of a worst-case scenario, cyber insurance emerged in the last couple of decades with a bit of an ulterior motive: to give...

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Report: Only 2% of Large UK Firms Have Cyber Insurance Coverage

According to a report jointly published by the government and Marsh, an insurance broking and risk management company, only 2% of large UK firms have insurance coverage against cyber attacks. This...

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Bitpay Spearphished and Loses $1.8 Million, Insurer Refuses to Pay

A legal battle is brewing over whether losses from a spear phishing attack at BitCoin payments' processor, BitPay, should be covered by its cyber insurance policy.Massachusetts Bay Insurance Company...

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How Much Cybersecurity Do Individuals Really Need?

An increase in data breaches have led companies to invest more in security programs. Now, security providers are creating business-style protection for consumers.Many homeowners’ insurance policies...

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The Process of Buying Cyber Insurance Can Actually Increase Risk

The actual process of buying cyber insurance can heighten a company's exposure to cyber risks and may deter some organizations from buying the coverage, said Philippe Cotelle, head of insurance risk...

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Cybersecurity Insurance Premiums to Skyrocket

Buckle up, because premiums for cybersecurity insurance are skyrocketing. According to Bloomberg BNA, insurers may see gross income from premiums rise by 300% or more in the next five years:

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SecureWorld Boston Preview: To Insure, or Not To Insure, That Is the Question

By Kris Tanaka SecureWorld MediaIn 2015, companies were four times more likely to buy insurance on physical assets than cyber insurance, according to a study by the Ponemon Institute.Tags: From Our...

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SecureWorld Boston Preview: To Insure, or Not To Insure, That Is the Question

By Kris Tanaka SecureWorld MediaIn 2015, companies were four times more likely to buy insurance on physical assets than cyber insurance, according to a study by the Ponemon Institute.

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House Subcommittee Holds Hearing on Making Cyber Insurance More Accessible

Cybersecurity insurance has the potential of increasing cybersecurity in the private sector, which will help better mitigate risk, said Marsh, LLC Senior Vice President Matthem P. McCabe. However, a...

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When Ransomware Hijacks Your Production Lines

By: Autumn FosterSecureWorld MediaIt's probably not something that's keeping you up at night, unless you're one of those Diet Coke addicts — and even then, maybe it's just the Diet Coke preventing you...

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Cyber Insurance Market Is Hot, But Do You Need It?

More and more CISOs are getting on board with cybersecurity insurance. Some may see it as a necessary evil, but it's filling an important protection gap for many companies.TechTarget reports:

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75% of Small Businesses are Without Insurance Against Cyber Threats

It's not just large corporations who are targeted by hackers - small businesses are at risk too.Small Business Trends Explains:Small businesses today are prone to a lot of the same hazards as...

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