Global Cyber Risk Insurance Report: Resilience & Relevance
Cyber continues to live up to its dynamic reputation. With no sign of the risk landscape abating – as demonstrated by ransomware, geopolitical instability
Ransomware claims
Ransomware claims involve insurance policies that cover losses from ransomware attacks. Ransomware is a type of malware that locks or encrypts data, demanding a ransom to unlock it. When businesses or individuals fall victim to such attacks, they can suffer significant financial losses, including operational downtime and data recovery costs.
Ransomware claims help cover these expenses. Insurance policies in this category typically include coverage for ransom payments, data restoration, business interruption, and other related costs. The goal is to mitigate the financial impact of these attacks and support recovery efforts.
These claims are assessed based on the policy terms and the specifics of the attack. Insurers evaluate factors such as the ransom amount, the extent of data encryption or loss, and the overall disruption caused to business operations.
Understanding the nuances of ransomware claims is crucial for businesses to ensure they have adequate coverage. Policies vary widely, so it is important to review terms carefully and consult with experts to tailor coverage to specific needs.
Cyber Security Global Trends: Insurance & Risk Mitigation Best Practice
Improvements in cyber security and business continuity are helping to combat encryption-based ransomware attacks, yet the cyber threat landscape is evolving
Global Cyber Market Finally Began to Stabilize
The global cyber market finally began to stabilize in 2024, largely thanks to renewed competition between markets, a decrease in median ransomware payments
10 Basic Tips to Avoid a Potential Victim of Ransomware & Reduce Cyber Risk
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
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
How Cyber Insurance Market Adapt to the Changing Threat Landscape?
The cyber insurance market continues to evolve and adapt to the changing threat landscape, as cybercriminals and nation states exploit security vulnerabilities
Major deals have led global M&A activity in 2024, showing increasing confidence among dealmakers despite geopolitical and economic challenges
Hurricane Milton is anticipated to be one of the most powerful and economically detrimental hurricanes to make landfall in the western region of Florida
There are approximately 133 million healthcare data breaches each year. Healthcare systems remain complex to secure, and cybercriminals take full advantage of this
Insurance claims management software can streamline intake, evaluation, validation, payouts and closure. Unfortunately, not all platforms are built to the same standard