Category Archives: cyber liability insurance

Active Ransomware Recovery: Five Steps for Success

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When it comes to ransomware, it’s a matter of when not if. The data tells the tale. Both the volume and types of ransomware attacks are on the rise. Plus, attackers aren’t just after enterprises. They now target businesses of all shapes and sizes. That way, they increase their chances of breaching security perimeters and […]

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Ransomware Attackers’ New Tactic: Double Extortion

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Need another reason to defend against ransomware instead of ending up having to find a solution other than paying it? Double extortion may be it. So, what is double extortion? When did it start? With this tactic, ransomware actors steal a victim’s data before their malware strain activates its encryption routine. They then have the […]

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Proposed Bill Would Require Public Disclosure of Ransomware Payments

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Two U.S. congresswomen introduced a bill that would require ransomware victims to publicly disclose ransom payments to the federal government. Introducing the ‘Ransom Disclosure Act’ In early October, Senator Elizabeth Warren (D-Mass.) and Representative Deborah Ross (D-N.C.) introduced a bill for the Ransom Disclosure Act. Senator Warren said the bill has two main goals. First, […]

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Rising Cyber Insurance Premiums Highlight Importance of Ransomware Prevention

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No insurance premiums saw greater growth in the second quarter of 2021 than those related to cybersecurity. According to the Council of Insurance Agents & Brokers, cyber insurance premiums grew more than a quarter (25.5%) during that period. That’s well above the 17.4% increase witnessed by umbrella insurance and an average of 8.3% growth across […]

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What Is Cyber Liability Insurance?

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In the face of mounting cyber attacks, many organizations look to mitigate their risk through insurance. But what is cyber liability insurance exactly?
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The Changing Dynamics of Cyber Insurance

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Almost exactly a year ago, cybersecurity professionals were locked in a heated debate about insurance. While some were keen to point out that the future of the industry would need to include some form of insurance market, others argued that cyber insur… Continue reading The Changing Dynamics of Cyber Insurance→