This episode is about cybersecurity insurance. We’ll discuss what it means to have it, what it means to need it, and whether it is even a real thing. Don’t worry, we’re not going to spend the episode selling insurance to you. But we feel it’s important to do a show about it, because the truth …
Cyber insurance is getting a lot of press lately. Not all of which is favorable. Many in the information security business continue to view cyber insurance as a sham, suggesting premium costs are better put toward more robust security products and services. In support of this position, we put together this list of reasons NOT …
Unlike traditional business risks such as fire and workers’ compensation, the cyber risk landscape continues to evolve. As with any relationship, agents must first establish trust and address risks honestly, educate and provide practical and usable recommendations to insured’s to minimize risk. To do so, agents must expand information security knowledge. Those who don’t, risk …
Collective Intelligence Podcast, Cyber Insurance for CISOs Cyber insurance and software liability have been hovering over the security industry for the better part of two decades but have decidedly failed to kick down the door and become mainstream. That dynamic may be changing, however. A short track of talks were held last week during the …
Tech-based cyber risk solutions combined with insurance coverage improvements help agents improve close ratios. Almost six in 10 small and medium-size enterprises (SMEs) do not purchase any type of cyber insurance. Only 33% purchase stand-alone coverage. Less than 15% of SMEs are trust currently used cyber defenses to detect and respond to cyber-attacks with two-thirds …
Hack Yourself First: Trends in Cyber Insurance for Small to Medium Enterprise Read More »
Having a hard time garnering interest in cyber insurance with your insureds? One thing to point out is that relative to other lines of business insurance, cyber insurance is inexpensive and easy to customize specifically to risks facing your insureds. Other pitch points include: Data is one of your most important assets yet it is …
Cyber Insurance: Mid-Market Healthcare Providers: Endpoints, Medjacking, Security Budgets & HIPAA An attack surface is the sum of all the endpoints of entry that an attacker can breach your environment. In a healthcare setting, endpoints go well beyond workstations, laptops, PDA’s and cell phones to include digital medical devices and software. “Medjacking” is the hijacking of …
Why Mid-Market Healthcare Providers Need Stand-Alone Cyber Cover Read More »
Unlike other cyber MGA’s and wholesalers, we don’t look to old insurance guys for strategic direction. We got industry leading ethical hackers to help you close deals. Check out our Jeremiah Grossman discussing extortion, cyber insurance, and cyber security guarantees…and in terms your clients can understand.
So we just finished reading a very deep dive by Rand called “Content Analysis of Cyber Insurance Policies: How do carriers write policies and price cyber risk?” The depth of the analysis is significant including discussion of pricing “boxes”, increased limits factors, and security factor weighting. When all was said and done, our favorite excerpts …
RAND on Cyber Insurance Pricing…”in some cases the carrier would appear to guess..” Read More »
Careless workers and poor passwords have led to a rise in ransomware attacks and other breaches on SMBs, which cost an average of $1 million. Negligent employees are the no. 1 cause of data breaches at small and medium-sized businesses (SMBs) across North America and the UK, according to a new study from Keeper Security and the …