Cybersecurity Leadership

A coalition of cyber insurance associations has pledged to back fresh government cybersecurity guidance designed to help victims avoid ever paying a ransom as part

A catastrophic cyber event hasn't yet come to pass, but vast amounts of personal data have been compromised. We need to be prepared for worst-case scenarios.

Can cyber insurance replace cybersecurity? The short answer for that is no.

Getting to the core of the cyber 'insurability challenge'

Lloyd’s produced the risk scenario in partnership with the Cambridge Centre for Risk Studies. The research explores nine hypothetical systemic risk scenarios to reveal the potential economic impact of each scenario across 107 countries and at three levels of severity

Here’s how OT cybersecurity practitioners should protect their industrial environments to improve security posture and meet insurance coverage requirements.

The next generation of cyber insurance builds on new risk analysis for accuracy and sustained insurance industry benefits.

Persistent cybercrime and industry trends will likely continue to drive increases in prices for cyber insurance. Here's what this means for you.

For cyber insurance to be viable—and perhaps ubiquitous—some things are going to have to change. It’s also clear, given how various-size organizations pursue their cybersecurity, there is no one size fits all.

You can’t insure, what you don’t understand.

Cyber insurance premiums have jumped 73% in the U.S alone. Greater specificity over what is (and what is not) covered has become a feature of many updated policies, as has the expectation that companies need to have greater cybersecurity hygiene in place in order to qualify for insurance.

Cyber insurance is becoming a requirement to demonstrate a business's preparedness in mitigating attacks

The best way to secure any organisation and put in place the most relevant insurance policy is to ensure cyber security best practices are in place.

Despite ransomware losses remaining high, privacy violations have quickly risen to second in a list of expected cyber insurance claims costs.

Cyber insurance is booming, but policies can leave businesses confused and many organizations struggle with the practical application of cyber insurance

As cyber insurance gets more expensive and competitive, security decision-makers have actionable opportunities to strengthen their cyber defenses.

IT environments are simply too complex and too dynamic for self-attestation, based on manual processes, to ever work. Without continuous monitoring to accurately assess compliance to cyber insurance requirements, organizations remain at risk.

Many organizations are not prepared to respond to all the constituencies that come knocking after a breach or ransomware incident.

Cyber insurance claims frequency increased by 12% in the first half of 2023 while claims severity increased by 42% with an average loss amount of more than $115,000.

Everyone benefits — the CISO, the company, and the insurer — when CISOs are included in arranging cyber insurance.

Lindy Camron says it’s time for the cyber insurance industry to engage with better data sharing and transparency to address the risks UK businesses face.

Currently, the way cyber insurance policies are underwritten highlights a lack from a technical evaluation standpoint.

Increasing complexity within the cyber insurance market is raising questions over its viability as a business investment. Here are 7 reasons why an organization may be advised to avoid or delay investing in insurance.

In Short: The Situation: The cyber insurance market is experiencing a major retrenchment, with insurers seeking to limit their exposure in a variety of ways.

In response to the challenging loss environment of recent years, the insurance industry is more diligently assessing clients’ cyber risk profiles and clarifying coverage areas in a bid to incentivize companies to improve cyber security and risk management controls.