Cyber insurance Archives - Cyber Protection Magazine

Cyber Insurance Providers Buckling as Breaches Boom

With almost $7 billion in claims last year, an industry that is too important to fail is looking to reduce client risk by focusing on the crux of the problem, human error

Tackling the Ransomware Threat

Editors Desk

Ransomware continues to be one of the biggest cybersecurity threats. It may be worth taking up insurance as part of one’s defensive strategy.

4 Tips to Meet Cyber Insurance Requirements and Save

Editors Desk

If you’re looking to meet requirements and save on cyber insurance premiums, focus on lowering your risk profile. Here’s how.

Insurance industry using weak reasons to not pay

Lou Covey

Payouts for ransomware are growing faster than the insurance industry can capitalize them. Premiums are rising and as a result coverage limits are dropping. Moreover, Insurance companies are using weak reasons to not pay claims. Here is what you can do.

German election: “Responsibility for cyber security remains with the private sector”

Editors Desk

German Election: What do the parties have in plan for cybersecurity? #btw21

IT security escalation management must be part of every contingency plan

Arno van Züren

Today, companies have contingency plans for any emergencies and disasters. Astonishingly, not for IT security disasters like hacks and data breaches. IT security escalation management should be an integral part of any such planning efforts.

Panel says CEOs facing pressure to bolster security

Lou Covey

CEOs in large enterprises are feeling the heat from board members to adequately defend companies – Cyber Protection Magazine reports from Black Hat USA 2021 #BHUSA #BlackHat

Dramatic rise in claims due to hacker attacks

Hanno Pingsmann

The claims statistics show a consistent picture: both loss frequency and loss amount have grown significantly within the past three years. Since the increasing number of cyber attacks has resulted in more insurance policies being affected by, insurers are consequently increasing their premiums.

To insure or not to insure? That’s a great question

Lou Covey

Cyber insurance is a hot market, and should be something every organization should consider taking some out, maybe. That soundly wishy-washy assessment is our overarching observation after a four-week investigation into the industry.