Category Archives: cyber insurance

One simple way to cut ransomware recovery costs in half

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Whichever way you look at the data, it is considerably cheaper to use backups to recover from a ransomware attack than to pay the ransom. The median recovery cost for those that use backups is half the cost incurred by those that paid the ransom, according to a recent study. Similarly, the mean recovery cost […]

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One simple way to cut ransomware recovery costs in half

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Whichever way you look at the data, it is considerably cheaper to use backups to recover from a ransomware attack than to pay the ransom. The median recovery cost for those that use backups is half the cost incurred by those that paid the ransom, according to a recent study. Similarly, the mean recovery cost […]

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UK Think Tank Proposes Greater Ransomware Reporting From Cyberinsurance to Government

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The Royal United Services Institute (RUSI) examined the relationship between cyberinsurance and ransomware, and proposes greater reporting from victims to government, enforced through insurance policies.
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Cyberinsurance Firm Resilience Raises $100 Million to Expand Its Cyber Risk Platform

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Resilience Cyber Insurance Solutions has raised $100 million through a Series D funding round to support global expansion of its cyber risk platform that was launched earlier this year.
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Was the digital transformation worth it, security-wise?

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Not long ago, the corporate world was enthralled with the promise of digital transformation. But in the midst of the digital revolution, people were paying less attention to security than they probably should have. The business advantages of digital transformation may be obvious. So how do we account for the associated security risks and costs? […]

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Forgepoint Capital Places $20M Series A Bet on Converge Insurance

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Forgepoint Capital makes another investment in the cyber-insurance sector with a $15 million Series A investment in Converge Insurance.
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Are we doomed to make the same security mistakes with AI?

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If you ask Jen Easterly, director of CISA, the current cybersecurity woes are largely the result of misaligned incentives. This occurred as the technology industry prioritized speed to market over security, said Easterly at a recent Hack the Capitol event in McLean, Virginia. “We don’t have a cyber problem, we have a technology and culture […]

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Preparing health systems for cyber risks and insurance coverage

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Our healthcare systems are at risk of infiltration by threat actors, potentially disrupting services, compromising sensitive data, and even jeopardizing patient outcomes. Among the people addressing these challenges is Dennis Fridrich, VP of Cybersecur… Continue reading Preparing health systems for cyber risks and insurance coverage→

Attackers leave organizations with no recovery option

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Organizations of all sizes are increasingly falling victim to ransomware attacks and inadequately protecting against this rising cyberthreat, according to Veeam. One in seven organizations will see almost all (>80%) data affected as a result of a ranso… Continue reading Attackers leave organizations with no recovery option→