cyberinsurance
Cyberinsurance Prices Moderate as Premium Hikes Slow
Two reports focused on the cyberinsurance market found prices continued to moderate in the first quarter of 2023, according to the Global Insurance Market Index from Marsh. Average price increases rose by just ...
War, Hunh. Yeah. What is it Good For? Reducing Insurer Liability for Cyberattacks
A New Jersey court recently ruled that an insurer was not relieved from its obligation to pay for Merck’s losses after a Russian NotPetya cyberattack. The insurer claimed its ‘Act of War’ ...
Show Me the Coverage: Ransomware Actors Demand Cyberinsurance Policies
The landscape of cybersecurity threats is continuously evolving, and ransomware attacks have emerged as a significant concern for organizations of all sizes. In a ransomware attack, cybercriminals encrypt the victim’s files, rendering ...
Cowbell Adds Free Cybersecurity Services for Insurance Policy Holders
Cowbell this week added a free 24/7 managed security service for organizations that take out a cyberinsurance policy to help reduce the cost of a cybersecurity breach. Manu Singh, vice president of ...
Coalition Forecasts CVE Disclosure Spike in 2023
Coalition, a provider of cyberinsurance, today published a report that predicted a 13% increase in the average number of vulnerabilities disclosed per month in 2023. The report estimated more than 1,900 additional ...
CyberInsurance Predictions for 2023
It is difficult to predict with certainty what the top trends in cyberinsurance will be in 2023, as the field is constantly evolving and new developments are emerging all the time. However, ...
Cyberinsurance Requirements Get Tougher, Premiums Skyrocket
A survey found that while cyberinsurance is still readily accessible, 75% of respondents said premiums have increased. Nearly two-thirds of respondents (65%) said premiums increased anywhere from 50 to 100%, the survey ...
When Cyberattacks Are Acts of War, WIll Insurance Protect You?
As state-sponsored or politically motivated cyberattacks increase, companies in the domestic critical infrastructure sector may find themselves without insurance coverage to cover the costs of detection, investigation, response or rebuilding. This is ...
Insurers May Not Cover ‘State-Sponsored’ Cyberattacks
Many of the more expensive cyberattacks and ransomware attacks, including the Solar Winds and Colonial Pipeline attacks, have been attributed to Russian hackers, likely working with or for the FSB—an agency of ...
Why You Need to Talk About Cyber Insurance With SMBs
Over the last few years, we’ve watched cybercriminals increasingly targeting small and midsize businesses, while many small business owners still thinkRead More The post Why You Need to Talk About Cyber Insurance With ...
