🚨 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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This is a very important issue for all business. Threats are evolving faster than most companies can respond, and cyber insurance can help. This article can save you money on that insurance. - https://ow.ly/lTRV50RZ4S2
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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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Is your business ready for the growing cyber threat🛡️🔒 It's not just data at stake – trust is, too. Over a third lose customers after breaches😱 That is a scary stat to accept for your business when customers are everything👥 Our cyber insurance goes beyond to guide you through recovery, rebuilding both your business and reputation💪🏼 At Grow Insurance Partners, we're here for more than protection – we're here for your business's growth. Secure today, grow tomorrow. Call us on 0203 3705 627🌱 #GrowInsurance #CyberInsurance #CyberScareSeries #Swindon
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Top 5 Reasons Why SMBs Should Have Cyber Insurance Financial Safeguard: Shield your business from crippling costs post-cyberattack, covering legal fees, fines, and customer notifications. Rapid Response: Swiftly tackle data breaches with an expert cyber incident response team by your side. Business Continuity: Ensure income isn't disrupted by receiving compensation for lost earnings during recovery. Ransomware Defense: Get assistance with ransom payments and negotiations to regain critical data access. Reputation Rescue: Manage post-incident PR effectively, safeguarding your brand's valuable reputation. Don't gamble with your business's digital security. Invest in cyber insurance today for a resilient tomorrow. #CyberProtection #SMBsafety #PeaceofMind
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Where are you when it comes to looking after your data - ..... insurer continues to build (doubles!) its cyber reinsurance portfolio as it pivots cyber insurance book away from undesirable smaller risks. Take care if you are a smaller risk. Does undesirable mean uninsurable? If you train your team(s) to avoid cyber incidents you will be protecting your business - insured or not! Can Gambryce help? #Cyberinsurance #Datasecurity #Cybertraining
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I often get asked why I went to Coalition...now I can show you! Please take a moment to watch how Coalition, Inc. uses breakthrough technology and proprietary data to provide in-depth insights about a company's digital risk profile. When they become policyholders, we continually monitor companies and alert them when new risks are identified, along with step-by-step guidance on how to remediate vulnerabilities to prevent them from becoming claims. Start quoting Active Cyber Insurance today: https://lnkd.in/eBJA22Dj
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Expert in Insurance Consulting | Empowering Clients with Comprehensive Coverage Strategies | Driving Innovation & Building Strong Client Relationships | Mastering Client Engagement & Risk Management
Cyber insurance stands as a significant initiative that provides valuable protection against the ever-growing threat of cyberattacks. In an age where online security breaches and data vulnerabilities have become increasingly prevalent, cyber insurance has emerged as a crucial safeguard. This insurance coverage not only offers financial support but also plays a pivotal role in helping individuals and businesses recover from the potentially devastating impacts of cyberattacks. It's a proactive measure that grants peace of mind and a safety net in an interconnected and digitally-driven world. Aarvi Insurance is here to help you insure your Data! #AarviInsurance #InsuranceBrokers #CyberAttacks #FinancialSupport #Safeguard #Marketplace #CyberThreats #CyberInsurance #Protectyourdata
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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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Begun work on my 2nd book. This one is focused on insurance and cyber. 1st book: “Stone Tablets to Satellites: The Continual Intimate but Awkward Relationship Between the Insurance Industry and Technology".
Regarding cyber insurance, specifically for systemic cyber risks, I just love it when the ways and paths to offer cover are made by brokers and other insurance intermediaries. If insurers don't offer cover for systemic cyber risks, the industry's reputation will suffer, the brokers cry to the heavens. Here, we have a way for you, the insurers to cover systemic cyber risk ... I think the carriers should take the brokers up on their offer if, and only if, every penny (or pence or shilling) of every systemic cyber risk loss (from every entity of the ecosystem / supply chain that is cyber hacked in the systemic loss event) is taken out of the broker's firm’s bottom-line. #cyber #systemiccyberrisk #brokersponyup
