Generative AI, Insurance Risks & Cyber Catastrophe Events
Generative artificial intelligence (Gen AI) is no longer a futuristic concept. AI’s potential to amplify systemic risks, such as through polymorphic malware or AI-targeted data breaches
Cybersecurity Insurance
Cybersecurity insurance is designed to protect businesses from the financial impact of cyber threats and data breaches. This type of insurance covers various costs associated with a cyber incident, including legal fees, data recovery, and notification expenses. It also offers protection against losses from business interruption, extortion, and reputational damage.
Policies may vary, but they generally provide coverage for expenses related to system repair, customer notification, and public relations efforts to mitigate damage.
Cybersecurity insurance often includes access to cybersecurity experts who can help manage and respond to incidents. This insurance is crucial for businesses to manage the risks of increasingly sophisticated cyber attacks and to ensure they have the resources to recover and continue operations in the face of a cyber event.
Cost of Cybercrime. How to Improve Cybersecurity Protection?
The cost of cybercrime Accenture’s study helps to quantify the economic cost of cyberattacks by analyzing trends in malicious activities over time
Global Insurance Ranking of Cyber Insurers by Premiums
Global Ranking of insurance providers worldwide and largest underwriters in the cyber insurance sector. Insuramore has updated its 2024 global ranking of insurer
5 Most Important Cybersecurity Controls & Cyber Liability Insurance
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
Likelihood of a Cybersecurity Failure & Cyber Insurance Pricing
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
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S&P Global Ratings reports that North American insurers have sufficient capital and liquidity to absorb current market volatility, including disruptions linked to recent tariff measures
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