Zero-Trust Cybersecurity Strategy & Cyber Risk Reduction
Zero-trust cybersecurity strategy with simplicity and risk reduction at the heart is mandatory to reduce exponential cyber attacks
Zero-trust cybersecurity strategy with simplicity and risk reduction at the heart is mandatory to reduce exponential cyber attacks
Things have been tough recently in the cyber insurance industry. Businesses have a difficult time finding affordable policies with the right limits
Here are 5 of the most important security controls you should have in place to reduce the risk of a cyber incident and, ultimately, lower the risk for your insurer
The global cyber market finally began to stabilize in 2024, largely thanks to renewed competition between markets, a decrease in median ransomware payments
The top five risk trends boards of management need to guard against in 2024, according to AGCS financial lines experts
Insidious form of crime is accelerating and evolving, as acceleration to ecommerce and remote work opened up new avenues of entry for fraudsters
Ransomware is a form of malware that is constantly evolving and is designed to encrypt files on a device, making all files and systems that depend on them unusable
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 security has long been seen as an IT issue but today’s booming digital economy means this is no longer the case
Ransomware remains a top cyber risk for organizations globally while business email compromise incidents are on the rise and will increase further in the ‘deep… Read More »How Are Growing Cost of Ransomware Attacks Impacts for Insurance & Businesses?
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 is a specific and extremely harmful type of malware used by cybercriminals to extort money from individuals, organizations, and businesses
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
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 is the process of identifying, assessing and responding to/mitigating risk events. Organisations must understand the probability and potential severity of loss events
The resulting losses from a systemic cyber event could be very large, impacting companies, the broader economy and society at large
State of Cybersecurity Automation Adoption was conducted to build on the findings of a survey of senior UK cybersecurity professionals carried out
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 are on the rise in the United States and local counties are scrambling to keep their cyber systems insured
The pricing of cybersecurity insurance is similar to pricing property and casualty (P&C) or liability insurance. Insurance is based on an event not happening
Cyber risk has become one of the top risks on risk managers’ radar given its increasing incidence rate and impact
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 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
Сlaims determinations under cyber insurance are particularly susceptible to insurers arguing that they did not intend to cover a type of claim
The scale and frequency of cyber incidents led 2024 to be the year that cybersecurity issues entered the mainstream discussion