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How Much Cyber Liability Insurance Do You Need?

IT Governance

Cyber liability insurance helps organisations cover the financial costs of a data breach. Without insurance, organisations spend £3.6 By purchasing cyber liability insurance, organisations gain the resources they need at a fraction of the cost. What does cyber insurance include?

Insurance 122
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Why Cyber Insurance is Essential in 2022

IT Governance

With more than 1,200 publicly disclosed data breaches last year , and organisations spending almost £3 million on average responding to security incidents , effective risk management is a top priority. One of the most common ways to mitigate the risk of a cyber security incident is cyber insurance.

Insurance 137
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List of data breaches and cyber attacks in July 2020 ­– 77 million records breached

IT Governance

You can find our full list of publicly disclosed data breaches from July in this blog. Canadian insurer Heartland Farm Mutual says an employee’s email account breached (unknown). Brazilian health insurer Hapvida discloses cyber attack (unknown). California Health Care Plan warns of data breach (35,883).

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List of data breaches and cyber attacks in August 2021 – 61 million records breached

IT Governance

It has been another month of comparatively few reported cyber attacks and data breaches, with our August list containing 84 incidents accounting for 60,865,828 breached records. You can that incident, along with our full list of cyber attacks and data breaches, below – with those affecting UK organisations listed in bold.

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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. Insurers Assessing Risks.

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ROUNDTABLE: Why T-Mobile’s latest huge data breach could fuel attacks directed at mobile devices

The Last Watchdog

Often inadvertent data breaches stem from a well-meaning employee trying to meet the needs of clients but without the technical systems to facilitate. I’m going to speculate that the sudden shift to work-from-home in 2020 has led to quick decisions to meet immediate needs.

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List of data breaches and cyber attacks in September 2020 – 267 million records breached

IT Governance

You can find our full list of publicly disclosed data breaches from September in this blog, with incidents affecting UK organisations listed in bold. Data breaches. Notably, a patient at Dusseldorf University Hospital died during a ransomware infection after the facility was unable to provide urgent medical assistance.