Doug Collins’ Post

Where does cyber insurance fit into your #security strategy? https://lnkd.in/eygecRf insights from @tcdi

Insurance Business Australia dives into the cyber insurance landscape, unveiling the 5-Star Cyber winners – the top providers in the country. The meticulous process involved 15 weeks of research, one-on-one interviews with specialized brokers, and extensive surveys within the IB network. Discover the insights from leading industry experts to identify the greatest cyber insurance providers of 2023. https://hubs.la/Q02hgdCz0 #CyberInsuranceExcellence #InsuranceBusinessAustralia #TopProviders2023

Are you prepared for the cyber storm ahead? Check out this insightful article from Onapsis Director of Security Research, Paul Laudanski on the role of cyber insurance in mitigating risks. #CyberRisk #Insurance

Are you prepared for the cyber storm ahead? Check out this insightful article from Onapsis Director of Security Research, Paul Laudanski on the role of cyber insurance in mitigating risks. #CyberRisk #Insurance

Cyber insurance protects against internet-based risks like hacking and IT infrastructure issues. The market is expected to grow from $8 billion in 2020 to over $20 billion by 2025, mainly for corporate insurance. Cyber incidents are major risks, affecting companies' finances and reputations. Despite increasing cyber-crime costs, many businesses, especially in Germany, lack cyber insurance. Rising cyber attack claims impact insurers' loss ratios, a key profitability measure. In 2020, French cyber insurers' loss ratios exceeded 160%, while U.S. standalone cyber insurance policies had a 70% loss ratio. Read more: https://lnkd.in/eBpAZdzu

Why cyber insurance is a must for every modern business: - How you can effectively convey cyber risk. - The keys to communicating key areas of coverage with ease. - Tips on confidently handling top objections. #cyberrisks #cyberattacks #riskmanagement

Are you prepared for the cyber storm ahead? Check out this insightful article from Onapsis Director of Security Research, Paul Laudanski on the role of cyber insurance in mitigating risks. #CyberRisk #Insurance

Where does cyber insurance fit into your #security strategy? https://lnkd.in/eygecRf insights from @tcdi

"Supply Chain" cyber-attacks are the biggest fear of cyber insurance underwriters. When a vulnerability is hidden in a software update, and pushed out to hundreds or thousands of users, the potential for a large-scale data breach is limited only by the number of users-and what their networks are connected to. That's what scares Warren Buffett about cyber insurance, the scalability when a bad actor finds a way in. In a rush to update the component software and prevent downtime, security is often put on the backburner. If your cyber insurance broker doesn't completely understand how your SaaS product is built, consider a review of your program. It's like pen testing your insurance. We'll either bless your program, of find the "bugs" you need to know about before the claim happens. https://lnkd.in/gWFmUeWh

Cyber insurance is essential, but finding the right policy is crucial. 🔎 Use 𝗖𝘆𝗯𝗲𝗿 𝗥𝗶𝘀𝗸 𝗤𝘂𝗮𝗻𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 to get data-driven insights tailored to your specific risk profile, ensuring your cyber insurance policy aligns with your needs. Discover how in our blog >>> https://lnkd.in/dcEbu3iq #cyberriskmanagement #cyberinsurance #cyberriskquantification