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...
View ArticleCyber 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...
View ArticleSony 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...
View ArticleCyber 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...
View ArticleReport: 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...
View ArticleBitpay 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...
View ArticleHow 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...
View ArticleThe 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...
View ArticleCybersecurity 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:
View ArticleSecureWorld 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...
View ArticleSecureWorld 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.
View ArticleHouse 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...
View ArticleWhen 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...
View ArticleCyber 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:
View Article75% 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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