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Insurers have tightened underwriting standards and raised premiums for cyber policies in recent years. In this article, my colleague Brian Boetig provides comments on the roles of organizations and insurance providers during a cybersecurity incident.
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Insurers have tightened underwriting standards and raised premiums for cyber policies in recent years. In this article, my colleague Brian Boetig provides comments on the roles of organizations and insurance providers during a cybersecurity incident. #cybersecurity
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🔑 Surprising fact: 48% of companies with insurance didn't purchase it until after an attack. Don't wait for a cyber incident to occur before securing protection for your business. Act now to safeguard your business's future. Contact us today! #CyberInsurance #SmallBusiness #RiskManagement #DataProtection #BusinessSecurity #CyberThreats #ProtectYourBusiness #FinancialSafety #CyberDefense #BusinessContinuity
#InsuranceNation #cyberliabilityinsurance #callus #accountreview #independentinsuranceagency #choicesmatter Cybercriminals may target insurers because the company files contain sensitive policyholder information and they believe insurance companies have deep pockets to extort. Most insurers and insured business owners understand the gravity of falling victim to a cyberattack but may not prioritize good cyber hygiene in everyday practices, which could have devastating consequences.
Cyber criminals want to steal your data, shut down your operations, and wreck your reputation. The right insurance coverage can help your business recover faster. Learn how a cyber policy can save your business at https://lnkd.in/ezZj3PGn #CyberLiabilityInsurance #BusinessResilience #RecoverWithConfidence #HighstreetInsurance #SeePossible
🔑 Surprising fact: 48% of companies with insurance didn't purchase it until after an attack. Don't wait for a cyber incident to occur before securing protection for your business. Act now to safeguard your business's future. Contact us today! #CyberInsurance #SmallBusiness #RiskManagement #DataProtection #BusinessSecurity #CyberThreats #ProtectYourBusiness #FinancialSafety #CyberDefense #BusinessContinuity
Find out how Smarttech247's superior MDR capabilities helped FBD Insurance tackle complex cyber risks in a highly regulated environment. Watch the case study to understand how we help leading financial institutions elevate their security posture. https://hubs.la/Q02s3Y0Z0
Cyber liability risks can be effectively covered through captive insurers, but organisations should scrutinise their potential exposures and the consequences of taking on such high-severity, low-frequency risks before placing them in a captive, a panel of experts in the US said. In addition, if organisations opt to self-insure, they should check that they don’t lose access to ancillary services that insurers provide to cyber policyholders, they said. More... https://ow.ly/39Ji50SXQ00 #Cyberliability #CyberRisks MassMutual
Cyber liability risks can be effectively covered through captive insurers, but organisations should scrutinise their potential exposures and the consequences of taking on such high-severity, low-frequency risks before placing them in a captive, a panel of experts in the US said. In addition, if organisations opt to self-insure, they should check that they don’t lose access to ancillary services that insurers provide to cyber policyholders, they said. More... https://ow.ly/AjUB50SXPZW #Cyberliability #CyberRisks MassMutual
Guardian Analytics and Actimize Settle $1.8M Data Breach Lawsuit in Connecticut Guardian Analytics and NICE Actimize have agreed to a $1.8M settlement with Connecticut following a data breach that compromised sensitive information. Attorney General William Tong initiated the lawsuit after thousands of residents were affected. The settlement mandates improved cybersecurity measures and aims to prevent future breaches. This case highlights the growing legal implications of safeguarding personal data in the cybersecurity landscape. Read more: https://lnkd.in/eQjQMh3T #DataBreach #CyberSecurity #PrivacyLawsuit #LegalSettlement #GuardianAnalytics #Actimize #DataProtection #ConnecticutNews #InfoSec #CyberAwareness #DataPrivacy #SecurityBreach #ConsumerProtection #PersonalData #DataAccountability #CyberAttack #Ransomware #LegalAction #CyberCompliance #SecurityMeasures #DataSecurity #BreachSettlement #AGWilliamTong #InfoSecurity #FinancialBreach #PrivacyMatters #SecurityLaw #TechNews #CyberThreats #DataLawsuit
Cyber liability risks can be effectively covered through captive insurers, but organisations should scrutinise their potential exposures and the consequences of taking on such high-severity, low-frequency risks before placing them in a captive, a panel of experts in the US said. In addition, if organisations opt to self-insure, they should check that they don’t lose access to ancillary services that insurers provide to cyber policyholders, they said. More... https://ow.ly/EB1c50SXPZZ #Cyberliability #CyberRisks MassMutual
