🚨 Imagine waking up on a Saturday morning to find your business paralyzed by a ransomware attack demanding $2 million. It could be the worst day of your professional life. Thankfully, cyber insurance can be a game-changer. With the right coverage, you can swiftly recover, minimize downtime, and reduce the financial impact. Insurance is there when you need it, but hopefully, it never gets to that point. This is the power of bringing insurance and security together. By using real-world claims data to understand the most common and severe threats and helping you secure yourself against them, #InsurSec can help you avoid a claim altogether. At Bay’s Chief Business Officer and GM of Security, Thomas Dekens, delves into this critical topic in an Information Security Media Group (ISMG) interview at RSA Conference 2024.
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The recent CrowdStrike outage, which affected millions globally, is a critical reminder of the importance of robust cyber insurance coverage. We're starting to see these events reshape how policies address single points of failure and business interruption. Now more than ever, it's vital to review your cyber insurance terms to ensure you're fully protected. If you're uncertain about your coverage, let's connect to discuss how you can safeguard your business against future disruptions. #CyberInsurance #RiskManagement #BusinessProtection
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🚨 Think insurance will cover all your cybersecurity losses? Think again! 🚨 Did you know that 60% of small businesses close within six months of a cyber attack, despite having insurance? 😱 Insurance can help, but it won’t cover everything. The costs of lost data, damaged reputation, and downtime can be devastating. Cybersecurity measures are your first line of defense to prevent these attacks from happening in the first place. Protect your business now! Contact us for a free consultation and learn how you can safeguard your assets beyond just insurance coverage. 🛡️ https://lnkd.in/e87xSNvs
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Buildings Magazine July 2024 supplement Facility Security and Safety Management Trends notes cybercrime is expected to account for $10.5 trillion in losses globally by 2025. The threat is growing. That’s why cyber insurance is such a crucial tool for anyone who owns or operates commercial real estate. Featuring cyber expert Dan Burke. https://lnkd.in/efpT-9NW #cyberinsurance #wsinthenews
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🚨 Think insurance will cover all your cybersecurity losses? Think again! 🚨 Did you know that 60% of small businesses close within six months of a cyber attack, despite having insurance? 😱 Insurance can help, but it won’t cover everything. The costs of lost data, damaged reputation, and downtime can be devastating. Cybersecurity measures are your first line of defense to prevent these attacks from happening in the first place. Protect your business now! Contact us for a free consultation and learn how you can safeguard your assets beyond just insurance coverage. 🛡️ https://lnkd.in/eUe7fnYj
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🛡️Shield your SMB from the unexpected! With a new year on the horizon, now is a great time to invest in cyber insurance for peace of mind🌈✨Safeguard finances, reputation, and client trust. Be proactive, stay protected!🌐Learn more: https://bit.ly/3GtESNg #CyberInsurance #SMBSecurity
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Data is the lifeblood of any underwriting process, but especially for such a fluid and multi-faceted peril like Cyber. After the market experienced its first major loss trend with ransomware, underwriters are seeking to evidence the true impact of their underwriting actions to their BoM, regulators and capital providers alike. Using data to untangle the reduction in frequency from re-underwriting measures, and that caused by other external events, will be key in determining the current health of the market. Part 1 of our cyber #insurance knowledge series, the impact of re-underwriting on ransomware written by Timothy Marshall and Paul Hodges: https://lnkd.in/ddxiiENS
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Ransomware and data breaches--they're real dangers. Cyber insurance empowers your business with financial protection and peace of mind. Invest in your safety today by scheduling your consultation. Call us: https://lnkd.in/ephFKS9M #CyberInsurance #RiskAssessment
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Are you interested in #Cyber #Insurance? Read the article from Timothy Marshall and Paul Hodges.
Data is the lifeblood of any underwriting process, but especially for such a fluid and multi-faceted peril like Cyber. After the market experienced its first major loss trend with ransomware, underwriters are seeking to evidence the true impact of their underwriting actions to their BoM, regulators and capital providers alike. Using data to untangle the reduction in frequency from re-underwriting measures, and that caused by other external events, will be key in determining the current health of the market. Part 1 of our cyber #insurance knowledge series, the impact of re-underwriting on ransomware written by Timothy Marshall and Paul Hodges: https://lnkd.in/ddxiiENS
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Ransomware, social engineering, and data theft continue to threaten businesses, and small- and medium-sized businesses may especially underestimate their risk. Discover how CNA's cyber insurance products can help smaller companies secure their defenses against cyberattacks and maintain business resilience. https://ow.ly/G6r650SNGta
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Many businesses make the mistake of thinking that once they have cyber insurance, they’re fully protected. However, the reality is that cyber insurance has its limitations. It might cover some financial losses but won’t repair your reputation, recover lost customers or undo the damage caused by a breach. That’s why investing in robust security measures is crucial to minimizing the likelihood of an attack and mitigating its impact. Don’t rely solely on insurance to protect your business. Implement strong security measures to reduce the risk of a breach in the first place. #BeyondCyberInsurance #RobustSecurity #MinimizeRisk #ProactiveProtection #SecureYourBusiness
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