cyber insurance
Log4j exploitation risk is not as high as first thought, cyber MGA says
When the Log4Shell vulnerability (CVE-2021-44228) was publicly revealed in December 2021, CISA Director Jen Easterly said that it is the “most serious” vulnerability she has …
Cyber insurance trends: Insurers and insurees must adapt equally to growing threats
In this interview with Help Net Security, Avi Bashan, CTO at Kovrr, talks about cyber insurance trends and how the growing threat landscape impacted both insurers and …
Cybersecurity budgets surge, as skills gap wreaks havoc on 2022 plans
As enterprises plan and set budgets for the new year ahead, the vast majority are expecting to channel more dollars toward enhancing their cybersecurity efforts. Organizations …
Shrinking cyber budgets are leaving businesses at risk
The cyber budgets of enterprises rose by less than 1% during the pandemic, according to their cyber budget holders. This left cyber spend stagnating at an average of around …
The cyber insurance dilemma: The risks of a safety net
Cybercriminals have become the modern mafia and ransomware attacks are the new shake-downs. Not only has the ask of the ransoms skyrocketed, but the average ransomware payment …
Cyber risk trends driving the surge in ransomware incidents
During the COVID-19 crisis, another outbreak took place in the cyber space: a digital pandemic driven by ransomware. In a recent report, Allianz Global Corporate & …
The impact of ransomware on cyber insurance driving the need for broader cybersecurity knowlege
The growing number of ransomware attacks has burdened many oganizations, but it has also greatly impacted the cyber insurance industry, which found itself having to cover …
Crypto exchanges and their customers must protect themselves as attacks continue
Within the past several years, cryptocurrency has gone from a niche hobby to a mainstream concern. Cryptocurrencies like Bitcoin, Ethereum, and even Dogecoin have generated …
Ransomware and cyber insurance: What are the risks?
High-profile ransomware events, such as the Colonial Pipeline and Kaseya attacks, continue to create eye-popping headlines about how easily a cybercriminal group can cripple …
54% of businesses now have a policy in place to deal with ransomware attacks
54% of businesses now have a defined policy in place to deal with ransomware attacks – whether this means paying a ransom, relying on insurance policies or refusing to pay at …
Health insurers facing growing risk of customer data theft
The U.S. health insurance industry is facing growing risks from cybersecurity threats due to the increasingly sophisticated techniques used by cybercriminals amid the …
Cyber insurance failing to live up to expectations
A RUSI paper finds that the contribution of the insurance sector to improving cyber security practice is ‘more limited than policymakers and businesses might hope’, and …
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