4 in 10 Businesses Have Filed a Cyber Insurance Claim: Survey
Posted: December 7, 2018
Many businesses purchase insurance policies hoping they never have to use them. Unfortunately, that hasn't been the case with cybersecurity insurance. A recent Wells Fargo survey of 100 U.S. middle-market and large companies found that 85 percent say they have purchased cyber and data privacy insurance, while 44 percent have already filed a claim as a result of a breach. The report didn’t look into...
How cyber insurance actually works
Posted: November 9, 2018
A couple of weeks ago El Reg carried an article by Mark Pesce about the likely evolution of Cyber Insurance. Reg reader and insurance industry veteran Tom Whipp agreed with most of his sentiments, but wasn’t so keen on his conclusions and demanded his stint on the Reg soapbox. So, take it away Tom. I’ve worked in security and risk for the last 15 years...
4 in 10 Businesses Have Filed a Cyber Insurance Claim: Survey
Posted: October 3, 2018
Many businesses purchase insurance policies hoping they never have to use them. Unfortunately, that hasn't been the case with cybersecurity insurance. A recent Wells Fargo survey of 100 U.S. middle-market and large companies found that 85 percent say they have purchased cyber and data privacy insurance, while 44 percent have already filed a claim as a result of a breach. The report didn’t look into...
How Cyber insurance actually works
Posted: September 26, 2018
A couple of weeks ago El Reg carried an article by Mark Pesce about the likely evolution of Cyber Insurance. Reg reader and insurance industry veteran Tom Whipp agreed with most of his sentiments, but wasn’t so keen on his conclusions and demanded his stint on the Reg soapbox. So, take it away Tom. I’ve worked in security and risk for the last 15 years...
Majority of small businesses lack cyber security plans, could leave consumer information vulnerable
Posted: September 24, 2018
Average cost for data breaches is $36,000 DENVER - A new survey released by a small business watchdog website shows nearly 80 percent of small businesses don't have a cyber security attack plan in place. "They're worrying about sales, marketing, operations. The cyber security side and making sure customer data and internal systems are protected is generally an afterthought," cyber security consultant David Schohl said....
