Key TakeawaysMost carriers now require an annual third party penetration test for cyber insurance policies above 1 million dollars in coverage, and internal vulnerability scans do not satisfy this ...

Cyber insurance traditionally assumes a familiar sequence: an attacker gains access to a system, data is stolen or operations are disrupted, and ...

As AI-driven threats escalate and cybersecurity vulnerabilities evolve, the cyber insurance industry faces mounting pressure to adapt to a rapidly changing risk landscape. Insurers are raising ...

This article is part of a sponsored series by AgentSync. Data is at the core of the insurance industry. From the smallest independent agencies to the largest legacy carriers, insurance organizations ...

There must be a consideration of the ethical question of contributing to the payment of extortion demands of cybercriminals. Any company that is paying a cyber insurance premium, regardless of whether ...

June 13, 2024 - While the cyber and data privacy insurance market continues to mature, the escalating cyber threat landscape, coupled with ever expanding domestic and foreign data privacy and cyber ...

Offsetting business risk with insurance is not new. Early mariners transporting their goods around the world hundreds of years ago faced significant risk of damage, theft and threat to life. Lloyd’s, ...

Cybersecurity insurance is the fastest-growing segment of the global insurance market, and there's a good reason for that. Cybersecurity has become one of the most critical requirements for ...

Many companies think cyber insurance will protect them from financial losses after an attack. But many policies have gaps. Some claims get denied. Others cover less than expected. CISOs must ...

Cyber insurance has shifted from a financial safety net to a design input. As underwriting standards tighten, insurers increasingly influence how organizations design their backup, recovery and ...

WESTLAKE, Ohio -- The City of Westlake is doubling its cybersecurity insurance coverage and will adopt a formal cybersecurity program by Jan. 1 to meet new state requirements. The city plans to ...