Boosting digital protections can lead to reduced cybersecurity insurance premiums. Here’s how two firms achieved that after signing up with a managed detection and response (MDR) provider.
You may think you're fully covered by your cybersecurity insurance carrier — until you file a claim. Here’s why most claims aren't 100% compensated, and how you can make sure yours will be.
Here's a quick way to reduce your cyber insurance costs: Implement stronger security measures. The savings on the premiums may make your security investments pay for themselves.
The second day of Semperis’ HIP conference featured frank advice about recovering from a ransomware attack, the nature of business resilience and the importance of identity security.
Almost 75% of all reported cyberinsurance claims during the first half of this year were attributed to business email compromise attacks, ransomware incidents, and fund transfer fraud, with average ransomware claim losses totaling $353,000.
Insurance firms have been urged by Deputy National Security Adviser for Cyber and Emerging Technologies Anne Neuberger to cease policies encouraging ransomware-hit organizations to provide extortion payments amid increasingly severe intrusions around the world.
Such a policy, which is expected to be issued by year-end, seeks to address concerns surrounding actuaries, said National Cyber Director Harry Coker Jr. at this year's Black Hat USA conference.
