Cyber insurance Archives - Cyber Protection Magazine

4 Tips to Meet Cyber Insurance Requirements and Save

Editors Desk April 14, 2022April 12, 2022api, attacks, backup, cloud, compliance, cyber attack, Cyber insurance, cybersecurity, focus, governance, insurance, mfa, Multi-factor authentication, network, OT, password, Penetration test, ransom, Ransomware, remote work, risk, risk assessment, Vulnerability management, zero trust

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

Features General

Insurance industry using weak reasons to not pay

Lou Covey January 17, 2022January 17, 2022api, attacks, Cryptocurrency, Cyber insurance, Cyberattack, expert, insurance, OT, ransom, Ransomware

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.

General

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

Editors Desk September 29, 2021September 29, 2021attacks, cyber attack, Cyber insurance, cybercrime, cybersecurity, development, expert, hacking, insurance, network, Opinion, OT, risk

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

General

IT security escalation management must be part of every contingency plan

Arno van Züren August 27, 2021August 27, 2021backup, Computer emergency response team, Cyber insurance, Disaster recovery plan

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.

Features General

Panel says CEOs facing pressure to bolster security

Lou Covey August 4, 2021August 3, 2021Cyber insurance, Ransomware

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

General

Dramatic rise in claims due to hacker attacks

Hanno Pingsmann August 2, 2021July 15, 2021cyber attack, Cyber insurance, phishing, Ransomware

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.

Features General

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

Lou Covey March 19, 2021March 24, 2021api, attacks, CISO, Cyber insurance, insurance, Interview, network, OT, ransom, review, risk, security awareness

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.