Remove cyber-risk how-are-cyber-insurance-companies-assessing-ransomware-risk-
article thumbnail

How Are Cyber Insurance Companies Assessing Ransomware Risk?

Dark Reading

From limiting claims payments to tying payments to policyholders' actions, the cyber insurance industry is in "a very dynamic place right now," says Corvus Insurance CEO Phil Edmundson.

Insurance 134
article thumbnail

Cyber Insurers Pull Back Amid Increase in Cyber Attacks, Costs

eSecurity Planet

The explosion of ransomware and similar cyber incidents along with rising associated costs is convincing a growing number of insurance companies to raise the premiums on their cyber insurance policies or reduce coverage, moves that could further squeeze organizations under siege from hackers.

Insurance 126
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Top 8 Cyber Insurance Companies for 2022

eSecurity Planet

Cyberattacks are not only a technological problem for companies, but they also represent a very real financial threat. That’s where cyber insurance may be able to help. If your company has not already experienced a significant cybersecurity event, it is probably only a matter of time before it does. million and climbing.

article thumbnail

How Cybersecurity Insurance Can Work To Help An Organization

Thales Cloud Protection & Licensing

How Cybersecurity Insurance Can Work To Help An Organization. For many years, organizations had limited options for addressing data protection risks. A company could never eliminate risk, but they could try to reduce or mitigate it. The function of cybersecurity insurance. Cyber extortion / ransomware.

article thumbnail

MY TAKE: NIST Cybersecurity Framework has become a cornerstone for securing networks

The Last Watchdog

If your company is participating in the global supply chain, either as a first-party purchaser of goods and services from other organizations, or as a third-party supplier, sooner or later you’ll encounter the NIST Cybersecurity Framework. This includes not just the NIST CSF, but also the newly minted NIST Risk Management Framework 2.0,

article thumbnail

GUEST ESSAY: Why the next round of cyber attacks could put many SMBs out of business

The Last Watchdog

In the last year, the news media has been full of stories about vicious cyber breaches on municipal governments. From Atlanta to Baltimore to school districts in Louisiana, cyber criminals have launched a wave of ransomware attacks on governments across the country.

article thumbnail

GUEST ESSAY: Atrium Health data breach highlights lingering third-party exposures

The Last Watchdog

Related: How to get of HIPAA hit list. The compromised databases included names, addresses, dates of birth, insurance policy details, medical record numbers, account balances and dates of service — of both guarantors and patients. In early 2015, health insurer A nthem Inc. Risk-based approach. Weak links.