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Services You Should Expect From Your Cyber Insurance Provider

Information Week

Cyber insurance is a novel service -- and clients still don’t know what they should expect. Experts tell us what premium cyber insurance firms are offering and what you should plan on securing for yourself

Insurance 163
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Autonomous car insurance drives new opportunities

Venture Beast

Startups are emerging to take on the challenge of insuring autonomous cars, which pose new liability questions. Read More.

Insurance 113
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A Cyberattack Allegedly Knocked Insurance Giant CNA Offline

GizModo VR

CNA Financial, one of the largest insurance providers in the U.S., cyberattack insurance cyberwarfare cybercrime data security cna financial corporation cyber insurance internet security computer security ransomware joshua motta cna financial technology internet

Insurance 103
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Cowbell raises $100M to offer organizations continuous cyber insurance

Venture Beast

Continuous cyber insurance provides enterprises with a solution that can decrease the amount they spend on remediating cyber threats. Read More.

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Cybersecurity insurance provider Coalition nabs $205M

Venture Beast

Coalition, a startup offering cyber insurance alongside cybersecurity tools, has raised $205 million at a $3.5 billion valuation. Read More.

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Cyber Insurance Prices Continue to Rise

SecureWorld News

Cyber insurance is a topic that many industry professionals have an opinion on. Some believe it should be a requirement for organizations to have in the event of a cyberattack, while others might prefer to rely on their security defenses and avoid paying a costly rate.

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Insurance industry being ravaged by high rate of cyberattacks

Tech Republic Security

The post Insurance industry being ravaged by high rate of cyberattacks appeared first on TechRepublic. SecurityA new report from Black Kite shows the entire sector may be ripe for ransomware attacks.

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What to consider when shopping for cyber insurance

Tech Republic Security

Cyber insurance is gaining favor in the business world. An expert offers tips on how to get what's needed for the best price

Insurance 158
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Security Think Tank: Lower insurance premiums through security certification

Computer Weekly

What should organisations consider if they are to prepare for cyber insurance

Insurance 176
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10 cyber insurance selling points

CTOvision

Read Elana Ashanti Jefferson list top ten reasons why companies, small and big, should buy cyber insurance on Property Casualty 360 : In a move that reflects the growing urgency for companies, organizations and institutions worldwide to proactively face down and mitigate cybercrime, Beazley, a longtime cyber insurance market leader, announced recently that it has […]. Cyber Security News

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Security Think Tank: Six key factors in cyber insurance

Computer Weekly

What should organisations consider if they are to prepare for cyber insurance

Insurance 192
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Cyber insurance firm Resilience raises $80M to aid battle against ransomware

Venture Beast

Resilience says it offers more than just cyber insurance, with training and tools to help policy holders to defend against ransomware. Read More.

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Malaysian insurer partners IT supplier to tailor cyber security policies

Computer Weekly

Partnership is in response to requests from AIG customers for a more comprehensive risk management approach to cyber insurance

Insurance 196
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What Do CIOs Need To Know About Cyber Insurance?

The Accidental Successful CIO

You are not generally called on to deal with other business related issues such as insurance. However, with the rash of ransomware attacks and denial-of-service attacks that have been happening, CIOs are now being asked to help out when the company goes shopping for cyber insurance.

Insurance 151
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Influential National Association of Insurance Commissioners (NAIC) Moves On Cyber

CTOvision

Cybersecurity practitioners and policymakers have long been discussing the potential positive benefits of smart insurance policy and standards to reduce risk. Of the many actions and activities we see in the insurance world today, the news of NAIC involvement is seen as particularly interesting. The National Association of Insurance Commissioners (NAIC) is the U.S. NAIC members form the national system of state-based insurance regulation in the U.S. By Bob Gourley.

Insurance 245
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Security Think Tank: Cyber insurance a great complement to good security practice

Computer Weekly

What should organisations consider if they are to prepare for cyber insurance

Insurance 185
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Cybersecurity insurance company Coalition raises $175M to secure the modern enterprise

Venture Beast

Coalition, an enterprise-grade cybersecurity platform that specializes in insurance, has raised $175 million in a round of funding. Read More.

Insurance 111
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Security Think Tank: Understand data assets and risks for insurance success

Computer Weekly

What should organisations consider if they are to prepare for cyber insurance

Insurance 203
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Security Think Tank: Cyber insurance – factor in all costs and obligations

Computer Weekly

What should organisations consider if they are to prepare for cyber insurance

Insurance 193
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Security Think Tank: Back up risk assessment with broker advice on cyber insurance

Computer Weekly

What should organisations consider if they are to prepare for cyber insurance

Insurance 186
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Security Think Tank: Ensure cyber insurance is right and helps reduce risk

Computer Weekly

What should organisations consider if they are to prepare for cyber insurance

Insurance 180
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Global Firms Under-Insured Despite Breach Concerns

CTOvision

Half of global organizations still don’t have cyber insurance, despite the majority believing cyber-attacks will increase next year, according to FireEye. The security vendor polled 800 CISOs and senior executives across the globe to compile its new Cyber Trendscape Report. More than half (56%) said they believe the risk of attacks will grow next year and 51% […].

Insurance 179
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Security Think Tank: Cyber insurance may not provide cover where it is most needed

Computer Weekly

What should organisations consider if they are to prepare for cyber insurance

Insurance 177
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Cyber Insecurity: A Boon for Insurers

CTOvision

Do you have good cyber insurance? An explosion in perceived cyber threats will lead to an explosion of attention to managing cyber risk, and that attention means booming business for cyber insurers. Randy Milanoff , a lawyer for insurance provider White & Williams, compares the Target data breach to ten Super Bowl advertisement for cyber insurers. By ShannonPerry. We’ve written plenty about data breaches.

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Complying With Health Insurance Portability and Accountability Act (HIPAA) Security Rules

CTOvision

HIPAA was enacted in 1996, and by April 2005 security standards were required to be in place for most covered entities. This post provides an overview of key elements we believe security and technology professionals (and most citizens) should be tracking. The technology and security communities focus largely on Title II of HIPAA, which provides changes to the law designed to reduce health care fraud and abuse while protecting privacy and enhancing security.

Insurance 247
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Network, Resources and Security Trends Organizations Need to Follow

IT Toolbox

With concerns around security and sustainability on the rise, organizations need to adapt quickly to the latest changes and trends. The post Network, Resources and Security Trends Organizations Need to Follow appeared first on Spiceworks.

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Australian organisations forced to take cyber insurance seriously

Computer Weekly

The take-up of cyber security insurance in Australia remains low, but it could increase if data breach notification regulations come into force

Insurance 161
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We’re Going the Wrong Way

GizModo VR

This piece was originally published in the Daily Poster , a grassroots-funded investigative news outlet. Click here to become a subscriber. Read more.

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How Cyber insurance works to protect companies in case of a breach

Tech Republic Security

Cyber insurance can help protect your organization from the financial costs associated with data breaches. Learn the details to decide if it's the right fit for your company

Insurance 135
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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.

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Top 5 things to know about cyber insurance

Tech Republic Security

Tom Merritt lists five things you should know about cyber insurance With cyberattacks increasing, it's becoming more and more important for companies to protect themselves.

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Top 5 things to know about cyber insurance

Tech Republic Security

Tom Merritt lists five things you should know about cyber insurance With cyberattacks increasing, it's becoming more and more important for companies to protect themselves.

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Life insurance provider Ethos acquires digital wills and estate-planning startup Tomorrow

GeekWire

Tomorrow , a Seattle startup that helps people set up digital legal wills and trusts, has been acquired by life insurance provider Ethos , the companies announced Thursday. The company issued $13 billion in life insurance coverage last year and was valued at $2.7

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Crypto doesn’t have an insurance policy

Vox

As crypto crashes, the state of cryptocurrency and insurance is nebulous. Although the companies that people use to buy and store crypto are in some ways similar to banks, these platforms don’t have the deposit insurance that bank or investment accounts have.

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How Is the Pandemic Driving up Cyber Insurance Rates?

SecureWorld News

From cyberattacks on unemployment systems and the healthcare industry , to the security risks associated with remote work , SecureWorld has covered how these rapid changes have developed into a "Wild West" threat landscape. But how are these new developments impacting cyber insurance rates?

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How I Transitioned into Cybersecurity from the Insurance Industry

CompTIA on Cybersecurity

Learn how one IT pro leveraged her security mindset and problem-solving skills to start a new career in cybersecurity

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Best practices for lowering cyber insurance costs and cyber risk

Network World

With cybersecurity threats on the rise, companies are increasingly taking advantage of cybersecurity insurance. And while cyber insurance can be worth it, it’ll cost you. insurers earned $1B in cyber premiums. You can minimize your premiums by showing your insurance company you’re actively mitigating cyber risks, which is a win-win: lower your risk and secure a more cost-effective insurance plan.

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How data-driven patch management can defeat ransomware

Venture Beast

Ransomware attacks on soft targets are increasing because legacy security infrastructure can't protect against current threats. Read More.

Data 108
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Meet Ameet Bakshi: The Insurance CloudMASTER®

Cloud Musings

Powered by Singapore-based Big Data start-up Crayon Data , BigData-MadeSimple.com tapped the insurance industry as being at the forefront of integrating cloud technology into their digital eco system. After completing over four successful years with the firm, Ameet could now be referred to as "The Insurance CloudMASTER®"!

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Why Cyber Security is Creating a Competitive Advantage

Tech Republic Security

When Forbes took a mid-2022 look at the state of global cyber security, one highlighted statistic was a real showstopper. In just one recent example from the news, the insurance broker Verlingue reported that a cyber attack. The post Why Cyber Security is Creating a Competitive Advantage appeared first on TechRepublic. SecurityElsewhere, a study has found that ransomware now affects 1-in-40 organisations every week – a 59% year-on-year increase.

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177% increase: Hackers grabbed 21.3 million healthcare records in the second half of 2020

Tech Republic Security

A new breach analysis from CI Security found that cybercriminals are going after medical billing and insurance companies

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7012 Regs and Cyber insurance on collision course with small business

CTOvision

The regulations themselves are a part of, and a driver to, a set of complex problems for industry — presently, with risk being transferred away from DoD to its contractors who will find risk rebounding to them via their “cyber” insurance policies. No law firm, consultancy, proprietary software solution, or cyber-insurance policy has a magic solution that will ensure compliance.

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Taking the Canadian Insurance Industry Digital

Cloud Musings

McKinsey & Company Founded in 1871, Economical Insurance operates within the old and relatively static Property and Casualty (P&C) insurance industry. According to the American Insurance Association (AIA) , the modern insurance industry, developed primarily in England after the Great London Fire in 1666. Economical sees itself as the insurance company “For Canadians by Canadians.” Sonnet thoroughly disrupted the P&C Insurance market in Canada.