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Who’s Responsible For Cyber Insurance Policy Misrepresentations? It Depends.

Forrester IT

On July 6, 2022, The Travelers Property Casualty Company of America (Travelers Insurance) filed a suit in Illinois Federal Court against International Control Services, Inc (ICS) asking for policy rescission and declaratory judgment against ICS.

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Cyber Insurance Costs Soaring: Is Your Organization Covered Enough?

SecureWorld News

In this digital battlefield, cyber insurance has emerged as a crucial shield, offering financial protection against data breaches, ransomware attacks, and other cyber incidents. However, just as the threats evolve, so too does the cost of protection, with the global cyber insurance market projected to balloon to a staggering $90.

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Benefits of Multi-Factor Authentication and Cyber Insurance

HID Global

Multi-factor authentication is used not only to combat cyberattacks, but also as a strategy to enable additional protections & benefits from cyber insurance.

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Ransomware: Number One Cyber Insurance Claim

SecureWorld News

Trends of cyber insurance claims for 2020. Coalition, a cyber insurance company, recently released a report detailing the categories of cyber attacks as well as the cause behind the attacks for the first half of 2020. 4 key takeaways from cyber insurance industry report. Cyber insurance works.

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CIO risk-taking 101: Playing it safe isn’t safe

CIO Business Intelligence

Identity management: Modern security architectures include tools for managing identity — for authenticating staff, assigning them to roles, and assigning rights, privileges, and restrictions to those roles, not to the individuals who fulfill them. Insurance: You know how this plays out.

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Impact of technology on insurance industry

Hacker Earth

Like every other industry, the global insurance sector, worth over $5 trillion, has undergone an immense overhaul because of disruptive technologies in recent years. According to PwC’s 2017 Global InsurTech Report, the challenges the insurance industry faces in their ability to innovate are. Talent (87%). IT security (53%). Blockchain.

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Should You Use SMS Two Factor Authentication For Your Website

IT Toolbox

As it stands, the future of SMS 2FA seems uncertain, at least in regulated industries like banks and insurance.