#cyber-insurance

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#cybersecurity

Companies without cyber insurance could be making a costly mistake

Cyber insurance is essential for companies to financially recover from cyberattacks and minimize risks in an increasingly digitized world.

European cyber insurance startup Stoik secures $27 million | TechCrunch

Stoïk is a startup offering cyber insurance specifically for small and medium-sized European businesses to mitigate cyber risk effectively.

Cybersecurity threats: Is your business protected? - London Business News | Londonlovesbusiness.com

Cyber insurance is crucial in protecting against evolving cyber threats.

Companies without cyber insurance could be making a costly mistake

Cyber insurance is essential for companies to financially recover from cyberattacks and minimize risks in an increasingly digitized world.

European cyber insurance startup Stoik secures $27 million | TechCrunch

Stoïk is a startup offering cyber insurance specifically for small and medium-sized European businesses to mitigate cyber risk effectively.

Cybersecurity threats: Is your business protected? - London Business News | Londonlovesbusiness.com

Cyber insurance is crucial in protecting against evolving cyber threats.
morecybersecurity

Stat(s) Of The Week: AI Can Perpetuate And Prevent Scams

AI-powered deepfake technology poses an existential threat to businesses, yet its application can lead to lower cyber insurance costs.

Cyber insurance claims are declining as firms take ransomware recovery into their own hands

Cyber insurance claims are declining as companies increasingly recover from ransomware attacks rather than making ransom payments.

Microsoft to take massive hit as Fortune 500 firms suffer $5.4B in losses from CrowdStrike outage: study

US Fortune 500 companies face significant losses due to the CrowdStrike outage, with Microsoft expected to add hundreds of millions of dollars to the total losses.

Crypto and DeFi Wallet Firm Fordefi Gets Cover from Insurance Giant Munich Re

Fordefi secures cyber and crime insurance from Munich Re via Lockton for DeFi wallet.

Insurer unveils policy covering drivers from connected car hacks and data leaks

Specialty insurer Munich RE introduces Cyber for Auto product covering cyber threats on the road.
Connected cars collecting personal data present new vulnerabilities and require insurance protection.

UnitedHealth hack reveals gaps in doctors' cyberattack insurance

Providers struggle with cyberattack insurance coverage
Many providers may be underinsured for cyberattacks

Navigating the New Frontier: Insurance for Artificial Intelligence Risks

The New York Times filed a lawsuit against OpenAI and Microsoft for copyright infringement related to ChatGPT technology.
First wave of AI lawsuits focused on privacy invasion, copyright infringement, next wave may include cyberattacks and healthcare privacy issues.
#ransomware-attacks

Repeat Ransomware attacks on 78% of victims who pay - Cybersecurity Insiders

Avoid ransom payments to deter cybercriminals
Ransom payment increases likelihood of repeat attacks and escalating demands

Cyber Insurance Premiums Are Declining, Howden Insurance Brokers Report Finds

Improved cyber hygiene reduces cyber insurance premiums by 15% globally over 2 years.

Repeat Ransomware attacks on 78% of victims who pay - Cybersecurity Insiders

Avoid ransom payments to deter cybercriminals
Ransom payment increases likelihood of repeat attacks and escalating demands

Cyber Insurance Premiums Are Declining, Howden Insurance Brokers Report Finds

Improved cyber hygiene reduces cyber insurance premiums by 15% globally over 2 years.
moreransomware-attacks

Cyber non-profit enlists ex-NCSC head as technical chair | Computer Weekly

Ciaran Martin, former CEO of the UK's National Cyber Security Centre, will join the Cyber Monitoring Centre as chair of its technical committee.
The Cyber Monitoring Centre aims to independently declare and classify systemic cyber attacks, ranking them on a severity scale of one through five.
The Centre intends to improve the way cyber insurers cover systemic cyber incidents and help organizations better prepare for and respond to complex cyber incidents.

WSJ News Exclusive | Amazon Debuts Cyber Insurance Program for Speedy Policy Estimates

AWS's Cyber Insurance Competency program aims to reduce the time it takes to acquire cyber insurance from weeks to days.
The program allows brokers access to customer data from their Security Hub console, enabling insurers to quickly evaluate applications against security best practices and provide policy quotes.

Want cheaper cyber insurance? Security leaders say improving resilience has helped them save on coverage

Cyber insurance premiums are decreasing as companies focus on improving security measures, resulting in a more widespread adoption of cyber insurance policies.
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