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
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
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
As per GlobalData’s Cybersecurity in Insurance report, by 2025, the cybersecurity market size in the insurance sector will have reached $10.6 billion
The cyber insurance market continues to evolve and adapt to the changing threat landscape, as cybercriminals and nation states exploit security vulnerabilities
The views of the insurance industry are not always prominent in the debate on ransomware. In order to provide a re/insurer perspective, we surveyed cyber insurance
Ransomware attacks have become even more damaging, audacious and widespread over recent years, with no obvious let-up on the horizon
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
The largest ransomware pay-outs by cyber insurers in the last two years has averaged £3.26 million in the UK and $3.52 million in the US
Cybersecurity and cyberinsurance sits at the top of the agenda for businesses, boards, risk managers and governments alike
Cyber risk hits the top spot in Allianz Risk Barometer, with a series of high-profile ransomware attacks, combined with digitalization
The threats you might think about first when you think of cyber risk: cyberattacks, phishing, ransomware, DDoS attacks