Tag: insurance

Cyber insurance, human risk, and the potential for cyber-ratings

October 9, 2024

Could human risk in cybersecurity be managed with a cyber-rating, much like credit scores help assess people’s financial responsibility? It’s undeniable that cyber insurance and cybersecurity are intrinsically linked. One requires the other, and they are a perfect pairing, even if they may deny the relationship. Looking ahead, however, we probably need to add a … More Cyber insurance, human risk, and the potential for cyber-ratings

How regulatory standards and cyber insurance inform each other

August 22, 2024

Should the payment of a ransomware demand be illegal? Should it be regulated in some way? These questions are some examples of the legal minefield that cybersecurity teams must deal with. Governments create legislation and regulations primarily to protect public interests and keep order, ensuring society functions as it should. When related to cyber insurance … More How regulatory standards and cyber insurance inform each other

The cyberthreat that drives businesses towards cyber risk insurance

August 1, 2024

Many smaller organizations are turning to cyber risk insurance, both to protect against the cost of a cyber incident and to use the extensive post-incident services that insurers provide. If we were to stop people on the street and ask for words to describe the people involved in the world of cyber, there would, undoubtedly, … More The cyberthreat that drives businesses towards cyber risk insurance

Cyber insurance as part of the cyber threat mitigation strategy

June 27, 2024

Why organisations of every size and industry should explore their cyber insurance options as a crucial component of their risk mitigation strategies. Offsetting business risk with insurance is not new. Early mariners transporting their goods around the world hundreds of years ago faced significant risk of damage, theft and threat to life. Lloyd’s, the insurance marketplace … More Cyber insurance as part of the cyber threat mitigation strategy

How to decrease security liabilities for SMBs: Look at cyber risks through the eyes of an insurer

June 27, 2023

While not an option for all small and medium businesses (SMBs), cyber insurance is explored here as a catalyst to discuss security preparedness for today’s increasingly complex threat landscape. Companies have to find secure ways to navigate that landscape to conduct at least some of their operations: to stay relevant, manage commerce and logistics, and … More How to decrease security liabilities for SMBs: Look at cyber risks through the eyes of an insurer