Cyber Insurance & Risk Management in a Volatile Threat Landscape
Enhanced cyber risk management strengthens an organization’s resilience against ransomware and other financial cyber attacks
What is cyber attack? Any kind of malicious activity that attempts to collect, disrupt, deny, degrade, or destroy information system resources or the information itself. Malware is one of the most commonly used cyber attacks. You should be aware of these variations. Ransomware: This type of malware encrypts files on your system and blocks access until you pay a “ransom” (usually in cryptocurrency).
A cyber attack is any action taken by cybercriminals with malicious goals in mind. Cybercriminals launch their attacks using one or more computers to strike other computers, networks or information systems.
Cyber attacks are much more likely to occur through mundane errors like a user choosing an easy-to-guess password or not changing the default password on something like a router. ‘Phishing’ is also a common way to gain access to a system, this involves extracting personal information under false pretences.
In this section, we have collected the most current articles and reviews on the topic of the Cyberattacks.
Enhanced cyber risk management strengthens an organization’s resilience against ransomware and other financial cyber attacks
A slowdown in price increases and companies hardening their cybersecurity defenses will help expand the cyber insurance market
Global Ranking of insurance providers worldwide and largest underwriters in the cyber insurance sector. Insuramore has updated its 2024 global ranking of insurer
Cyberwarfare has provided just a handful of notable skirmishes in the Russia-Ukraine War. But fears linger that the scale and frequency of digital attacks on financial targets
Realization is changing the dynamic of cyber risk management, pushing damage limitation to the forefront and, as a result, turning the spotlight on attack detection
Beinsure Media has collected the opinions of cybersecurity experts and presents a Cybercrime Predictions review for 2025
Cyber insurance is no longer deemed a nice-to-have accessory for businesses. In 2024, its importance will only increase
Cybersecurity has become a more dynamic field, rapidly adjusting and shifting to keep apace with business inventiveness
New EU Legislation came into force to bolster cybersecurity requirements to protect critical and digital infrastructure for applicable entities in member states
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
In response to uncertainty around cyber risk, insurance providers have become more selective in their underwriting through better risk selection, lower limits, cyber insurance
The resulting losses from a systemic cyber event could be very large, impacting companies, the broader economy and society at large
Cyber risk has become one of the top risks on risk managers’ radar given its increasing incidence rate and impact
The scale and frequency of cyber incidents led 2024 to be the year that cybersecurity issues entered the mainstream discussion
Insurance professionals are getting more comfortable with recommendations coming from AI and utilizing them in underwriting, pricing, marketing, claims
As we look back on the cyber insurance marketplace, we see all the hallmarks of a hardening market, with no signs of relief as we move into 2022
Cybersecurity and cyberinsurance sits at the top of the agenda for businesses, boards, risk managers and governments alike