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Insurance

Redefining Cyber Insurance to Meet Today's Cybersecurity Challenges

Jun 26, 2024 By Razorthorn In Razorthorn
Is Your Business Insurance Keeping Pace with Evolving Cyber Threats? Welcome to another episode of Razorwire! I'm your host, Jim, and today we dive deep into the dynamic world of cyber insurance. Neil Hare-Brown and Matt Clark, two industry experts, join us to share their insights on how cyber insurance has adapted to meet today's security challenges. Tune in to discover how cyber insurance can be an integral part of your organisation's defence strategy and ensure you're prepared for whatever comes your way.
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keeper

Six Cybersecurity Insurance Requirements and How To Meet Them

Jun 17, 2024 By Aranza Trevino In Keeper
To qualify for cybersecurity insurance, organizations must implement strong access controls, have an incident response plan, use Multi-Factor Authentication (MFA), provide employees with security training, regularly perform penetration tests and use encryption to protect sensitive data. Continue reading to learn more about the six cyber insurance requirements and how your organization can meet them.
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one identity

Navigating the cyber insurance maze: How to avoid claim denials

Jun 3, 2024 By Csaba Galffy In One Identity
Cyber insurance is a critical form of risk management, designed to mitigate the financial impact of a breach or other security incidents. By spreading the risk, it helps reduce the potentially catastrophic consequences to manageable levels. Cyber insurance is a fundamentally financial tool that is often handled by the financial or insurance arm of any organization, with strong involvement of the cyber security teams. While complex, this blog aims to simplify the essentials.
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knowbe4

Cyber Insurance Claims Rise Due To Phishing and Social Engineering Cyber Attacks

May 21, 2024 By Stu Sjouwerman In KnowBe4
New data covering cyber insurance claims through 2023 shows claims have increased while reaffirming what we already know: phishing and social engineering are the real problem. If you’ve read enough of my articles here, you already know my view is a bit skewed towards the need for organizations to be aware of the true dangers of email-based cyber attacks.
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idstrong

What is Identity Theft Insurance? Is it Worth It?

May 21, 2024 By Steven In IDStrong
When a data breach happens, criminals may instantly expose millions of personal, financial, and medical information. They can then use that compromised data to break into other systems, help commit consumer frauds schemes, or be sold to the highest bidder. If that compromised information also contains personally identifiable information (PII), those exposed may fall victim to identity theft.
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idstrong

What are Insurance Scams: Types and Examples

May 20, 2024 By Steven In IDStrong
Insurance scams are deceptive activities that allow criminals to manipulate insurance systems to obtain an illegitimate claim. They can come from many sources and appear during the process of underwriting, selling, using, or buying insurance, and can come from many sources. As we’re concerned, insurance scams are those that fraudsters commit against an insurance provider using the authentic details of a patient.
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ciso global

Cyber Insurance Reduces Risk: Five Ways to Lower Your Rates

Apr 4, 2024 By Mike Bucciero In CISO Global
Yep, it’s that time of year again. The moment when that dreaded questionnaire from your Cyber Insurer lands on your desk like a ton of digital bricks. Suddenly, panic mode kicks in, and you’re transported back to those school days, facing an exam that seemed more daunting than Mount Everest. Remember how you used to play the skipping game with exam questions, hoping for a miracle to help you conjure up some brilliant answers? Yeah, it’s like déjà vu all over again.
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securitysenses

Navigating the Digital Transformation in the Insurance Sector

Apr 2, 2024 By SecuritySenses In SecuritySenses
The insurance industry stands at a crossroads, with digital transformation dictating a new direction for traditional practices and operations. As customer expectations evolve and technology advances at an unprecedented pace, insurers are pressed to adapt, redefining their business models and strategies. This adaptation is not merely about adopting new technologies but also about embracing a cultural shift towards innovation, agility, and customer-centricity.
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