Cyber insurance - Articles - Page 6

5 minutes with Seth Rachlin - SolarWinds, cyberattacks and cyber insurance

March 19, 2021

The SolarWinds supply chain attack has, to date, impacted nine government agencies and as many as 100 private sector companies, according to some reports. By the time the full extent of the hack is known, it may be the most widespread security breach on record. But what does this mean for the organizations impacted and is it potentially insurable? In light of the massive cyberattack, we spoke to Seth Rachlin, Executive Vice President and Insurance Lead at Capgemini, to discuss the implications of this attack and the fast-growing cyber insurance market.

New York’s DFS publishes a Cyber Insurance Risk Framework

New York’s Division of Financial Services (DFS) now requires Property and Casualty Insurers writing cyber insurance to comply with the Division’s Cyber Insurance Risk Framework to manage their risk.

Erik Dullea Eric Levy

March 11, 2021

New York’s Division of Financial Services (DFS) now requires Property and Casualty Insurers writing cyber insurance to comply with the Division’s Cyber Insurance Risk Framework to manage their risk.

With ransomware attacks increasing, cyber insurance now seen as a necessity, not a luxury

Shawn Tuma

June 22, 2020

Threat actors launched a cyberattack against the Texas Office of Court Administration, the IT provider for many Texas courts, and encrypted their computer systems with ransomware, leaving those systems useless. Cognizant, which has a large presence in Dallas-Fort Worth and is one of the world’s largest and most sophisticated providers of information technology services for other companies, was hit with ransomware with losses currently estimated between $50 million and $70 million.

Cyber Insurance Rates, Purchases and Coverage

Small-to-Medium-Sized Enterprises More Likely to Adopt Cyber Insurance

June 18, 2020

Cowbell Cyber released “The Economic Impact of Cyber Insurance,” a survey analysis focused on cyber insurance for SMEs.

Top Four Security Predictions for 2020

Hal Lonas

January 24, 2020

What are the top four security predictions enterprise security should be aware of moving into 2020?

Baltimore to Spend $20M for Cyber Insurance to Guard Against Future Cyber Attacks

October 18, 2019

The Baltimore Board of Estimates has approved a $20 million insurance plan to help protect the city against a repeat cyber attack.

Why Cyber Threats are Top Overall Business Concern

September 30, 2019

The 2019 Travelers Risk Index has found that cyber risks are the top concern among businesses of all sizes for the first time since the survey began in 2014,

Study Says Cyber Insurance May Create False Sense of Security

July 31, 2019

Seven in 10 senior financial executives at the world’s largest companies believe their insurer would cover most or all of the losses their company would incur in a cyber attack. Many of the losses they foresee, however, are rarely covered by insurance.

Beazley, Marsh Launch Cyber Insurance for Manufacturers

February 27, 2019

Specialist insurer Beazley has collaborated with Marsh, a leader in insurance broking and innovative risk management solutions, to provide cyber insurance cover and breach response US manufacturers.