Cyber insurance stories - Page 4

The evolving ransomware threat is jeopardising business continuity, prompting firms to reassess their cybersecurity and insurance strategies amidst rising attacks.

The recent CrowdStrike outage, affecting 8.5 million devices globally, has raised urgent calls for improved cybersecurity measures and rigorous software testing.

Acronis reintroduces True Image with superior cybersecurity, tackling modern threats and offering an all-in-one backup solution for home users.

Global cost of cyber breaches may hit USD $23.84 billion by 2027, prompting Aon and SentinelOne to form a strategic alliance, enhancing cyber insurance processes.

Nearly all companies with cyber insurance have bolstered cybersecurity to meet policy terms, yet recovery costs from attacks, averaging USD $2.73 million, outstrip coverage.

Some 76% of firms bolstered cyber defences to secure insurance, though many remain unclear on coverage specifics amid rising attack recovery costs.

AttackIQ has partnered with Trium Cyber to provide policyholders with AttackIQ Flex, aiming to boost cybersecurity maturity and mitigate risks.

CrowdStrike's new Falcon for Insurability initiative aims to lower underwriting risks for cyber insurers and enhance organisations' cyber resilience using AI-powered defences.

A survey by Hornetsecurity shows 26% of organisations lack IT security training, urging better preparedness against rising AI-driven cyber threats.

Cybersecurity firm BforeAI launches PreCrime Guarantee, pledging up to ten times reimbursement of service contracts if their AI fails to prevent a cyberattack.

Security operations firm, Arctic Wolf rolls out Cyber Resilience Assessment tool to strengthen companies' cybersecurity profiles and insurability by aligning them to industry-standard frameworks.

In 2024, it's clear that cybersecurity will remain a top priority for organisations and governments worldwide.

Cybersecurity firm Tesserent reports a notable rise in demand for services from Australian company directors and boards.

Research by cybersecurity firm Claroty reveals 75% of critical infrastructure sectors experienced ransomware attacks in the past year.

Darren Humphries, Acora's CISO, discusses cybersecurity challenges in 2024, spotlighting AI threats and strategies.

SMBs should also consider strong personnel practices and awareness to implement a better defensive strategy than Whac-A-Mole.

BeyondTrust's cybersecurity experts predict the main global threats for 2024, including advanced AI threats and a rise in subscription-based model risks.

Disrupted cyber attacks are on the rise according to Splunk's CISO Report, with 90% of orgs hit in the past year and 83% paying ransoms.

Delinea Secret Server introduces MFA enforcement at depth to meet increasingly stringent cyber insurance requirements.

The frequency and severity of cyber insurance claims both increased for businesses in 1H 2023, a new report finds.