Security | Threat Detection | Cyberattacks | DevSecOps | Compliance



The evolution of cyber insurance

To cope with increasingly costly pay-outs, providers are redefining the terms of cyber insurance to reduce their exposure. The implications could spell myriad changes for the cyber security industry. Whatever the outcome, it’s time for organisations to re-evaluate whether their policy will cover them against the attacks they are most susceptible to.


Identity Verification in Insurance: ID checks & Face Match

Policyholders prefer a digital style of interaction over a physical one. However, identity verification problems frequently stand out, which causes significant onboarding dropout rates. This blog article examines how to resolve this using an AI-powered verification method. According to a recent study, 44% of those between the ages of 18 and 29 who had insurance purchased their plans online. This proportion is expected to rise as broadband penetration rates continue to rise.


A Closer Look at Hybrid Work Environments and Cyber Insurance Coverage

Organizations seeking cyber insurance coverage are typically required by their insurer to provide evidence of a panoply of controls around information security, disaster recovery, and related risk and technology requirements and best practices.


Insurance and Regulations May Be the Biggest Security Drivers of 2023

When talking about big influences on cybersecurity, we tend to think about sweeping trends like digital transformation and the hybrid work revolution. And that makes sense. Cloud adoption, for example, has created complex corporate infrastructures. This is forcing the security industry to rethink how they protect data.


Five worthy reads: Understanding cyber insurance and why it is important for your business

Five worthy reads is a regular column on five noteworthy items we’ve discovered while researching trending and timeless topics. This week we are exploring cyber insurance, how it can help businesses in the event of a cyberattack, and why it is necessary for your organization.


What Is Cyber Insurance?

Cyber insurance is a specialized insurance policy that was created to protect businesses from the losses that can occur as a result of cyber attacks. The size of your business does not matter when it comes to needing cyber insurance, and it shouldn’t be your only priority when it comes to your business’s cybersecurity. Read on to learn more about cyber insurance coverage and its cost.

Arctic Wolf

The Real Causes of the Rapid Cyber Insurance Rate Increase

Cyber insurance is a necessity in today’s cybersecurity landscape, especially in the wake of widespread ransomware attacks on commercial businesses of all sizes. A cyber insurance policy enables companies to transfer the cost of recovering from cyber incidents. In the event of a data breach, your cyber insurance policy can cover the costs of damages to others, profits lost if your network goes down, and the cost of negotiating ransomware.


SecurityScorecard Enables Cyber Insurers to Shift from Static to Dynamic Loss Control

It’s no secret that loss control programs are essential for cyber insurance. Unlike other forms of insurance where the risk and assets don’t change much during a policy term, cyber insurance is meant to mitigate a constantly evolving risk and cover organizations whose security posture is always changing. A cyber insurance policy could be priced completely differently today compared to a few weeks or months later.