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 …
[vc_row type=”in_container” full_screen_row_position=”middle” equal_height=”yes” scene_position=”center” text_color=”dark” text_align=”left” overlay_strength=”0.3″][vc_column column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” width=”2/3″ tablet_text_alignment=”default” phone_text_alignment=”default” column_border_width=”none” column_border_style=”solid”][vc_column_text] Trouble Closing Cyber Insurance Deals? The cyber security industry is broken. The industry sells over $80 billion of anti-viruss, firewalls, penetration tests, threat detection, consulting services and other products yet clients still get hacked[1]. Vendors aggressively sell …
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 …
From the experts… Use credit monitoring service such as LifeLock: They won’t prevent identity theft put can help you recover. Place a freeze on your credit files: Security freeze laws vary by state, but they usually cost between $0 and $15 to instate. To adequately protect yourself, you must place a security freeze on your …
Just the facts Equifax announced yesterday, September 7, 2017, that it experienced a cybersecurity incident. Equifax is one of the “big three” US credit bureaus, along with Experian and TransUnion. They lost data belonging to 143 million Americans, which sounds like a lot, because it is. That’s 57% of the adult US population. Additionally, the company says payment information …
Security Guru Adrian Sanabria on Equifax Breach: “Should We Be Surprised?” Read More »
As indicated by the graph, cyber security is a growing concern yet cyber insurance is not perceived as a key part of the enterprise cyber risk management strategy. No wonder the sales cycle to close a cyber insurance deal is over 12 months! Know your client’s and prospect’s total investment in cybersecurity tools. What products …
Do you know what your clients spend on cybersecurity? Read More »
“It took a Massachusetts hospital 14 years to detect a data breach. To make matters worse, even after all that time – it wasn’t the medical center itself that discovered the incident.” “As the state-run institution explains in a statement: “In April of this year, a former patient expressed concern that someone may have accessed their …
The number one reason your SME clients don’t buy cyber insurance is they don’t understand the exposure. However, the most prevalent breach risk is also the easiest to understand. More than 85% of Black Hat survey participants named humans as most responsible for security breaches. Unpatched software (10%) and insufficient security technology (5%) were far …
More than four out of five hackers blame humans for security breaches Read More »