Blogs

Reasons NOT to Buy Cyber Insurance

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 to purchase stand-alone cyber insurance, namely: Your employees don’t make mistakes. You purchase and employ the latest security solutions, all sporting perfect reviews from Gartner. All of your employees adhere to corporate policies, take monthly training courses, never send valuable information to incorrect recipients via

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Beyond Antivirus & Firewalls: Easy & Cost-Effective SME Cyber Security Solutions Agents Need To Know

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 of losing business to competing agents as well as being dis-intermediated by holistic solutions sold direct by a growing number of savvy and well capitalized on-line insurance and security providers.  To many SME’s and their agents, the terms “cybersecurity” and “cyber insurance” trigger equal amounts

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2019 Podcast: Cyber Insurance for CISO’s

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 annual Black Hat conference where insurance underwriters, providers, and risk management professionals brought a common understanding of cyber insurance and how it works, its value proposition, what products are available to buyers, a snapshot of claim costs, and market intelligence. In this episode of the Collective Intelligence

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