How to Increase Resilience of Cyber Market through Insurance & Risk Management?
By increasing cyber security, companies are less attractive to attackers. It is not commonplace for us to see clients with strong cyber maturity and security mechanisms
Cyber
36 posts
Cyber risk means any risk of financial loss, disruption or damage to the reputation of an organisation from some sort of failure of its information technology systems.
All types and sizes of organisations are at risk, not only the financial services firms, defence organisations and high profile names which make the headlines. An organisation’s risk management function needs a thorough understanding of the constantly evolving risks, as well as the practical tools and techniques available to address them.
Today’s technology is undoubtedly making business processes faster, more mobile, and more efficient. Advancements like cloud migration, 3rd-party vendors, and mobile devices surely boost convenience. But they also increase cyber risk exposure.
Cyber Security & Insurance Increasing Through the ESG Lens
Cyber security has long been seen as an IT issue but today’s booming digital economy means this is no longer the case
How Are Growing Cost of Ransomware Attacks Impacts for Insurance & Businesses?
Ransomware remains a top cyber risk for organizations globally while business email…
New Cyber Risk & Ransomware Trends. Outlook for Cyber Insurance
Given cyber crime incidents are now estimated to cost the world economy in excess of $1trn a year – around 1% of global GDP – it is no surprise that cyber risk regularly ranks
Ransomware Protection – What Does Good IT Security Look Like?
Ransomware is a specific and extremely harmful type of malware used by cybercriminals to extort money from individuals, organizations, and businesses
How Cyber Catastrophe Models Evolved with the Cyber Insurance Market?
Being an industry centred on computer technology, it should be of no surprise that cyber catastrophe models have developed in complete tandem with the cyber insurance market
Main Types of Cyber Loss Estimates and Cyber Insurability
In response to uncertainty around cyber risk, insurance providers have become more selective in their underwriting through better risk selection, lower limits, cyber insurance
Risk Management With Cyber Insurance
Risk management is the process of identifying, assessing and responding to/mitigating risk events. Organisations must understand the probability and potential severity of loss events
Ransomware Insurance and Cyber Risk Landscape
The resulting losses from a systemic cyber event could be very large, impacting companies, the broader economy and society at large
Cybersecurity Automation Adoption: Exploring Use Cases, Typical Challenges & Barriers
State of Cybersecurity Automation Adoption was conducted to build on the findings of a survey of senior UK cybersecurity professionals carried out
86% of Cloud Attacks in the Healthcare Sector Result in Financial Losses or Other Damage
61% of respondents in the healthcare industry suffered a cyberattack on their cloud infrastructure within the last 12 months, compared to 53% for other verticals
Ransomware Attacks in the United States. Cyber Insurance for Local Counties Systems
Ransomware attacks are on the rise in the United States and local counties are scrambling to keep their cyber systems insured
Determining the Likelihood of a Cybersecurity Failure for use in Cyber Insurance Pricing
The pricing of cybersecurity insurance is similar to pricing property and casualty (P&C) or liability insurance. Insurance, in these cases, is based on an event not happening
Embedding Cyber Risk in Risk Management: An Insurer’s Perspective
Cyber risk has become one of the top risks on risk managers’ radar given its increasing incidence rate and impact
Cybersecurity and the Cyber Insurance Market. How to Reduce the Impact of Cybercrime?
The frequency and severity of cyberattacks are ever increasing. Data breaches to steal personal information occur daily, but only the largest make the news
Cyber Insurance and Cyber Risk: Adding Value & Opportunity for Insurers
Cyber risk is a major driver of operational risk and that businesses and individuals are looking to the insurance industry to provide coverage for the cyber risks they face
What are the Main Reasons for Cyber Insurance Claim Denials?
Сlaims determinations under cyber insurance are particularly susceptible to insurers arguing that they did not intend to cover a type of claim
Global Cyber Insurance Claims Report: Ransomware Trends & Predictions
The scale and frequency of cyber incidents led 2022 to be the year that cybersecurity issues entered the mainstream discussion
Cybersecurity Insurance Market Size Forcast: $10.6 bn by 2025
As per GlobalData’s Cybersecurity in Insurance report, by 2025, the cybersecurity market size in the insurance sector will have reached $10.6 billion
Cyber Insurance Market in 2022: New Underwriting Strategies & Available Cybercapacity
The cyber insurance market has seen significant changes during Q2 2022, with the segments within the market being more distinct and nuanced than previously experienced
