For the first time ever, cyber insurance is facing a hard market. Since the product line’s inception about 20 years ago, carriers, brokers and policyholders have reaped the benefits of soft market conditions. Policies were cheap, and they provided generous …
For the first time ever, cyber insurance is facing a hard market. Since the product line’s inception about twenty years ago, carriers, brokers, and policyholders have reaped the benefits of soft market conditions. Policies were cheap, and they provided generous …
It is well known that small and medium businesses face an ever-increasing risk of cyber attacks. Sixty-three percent reported they had experienced a cyber breach in the last 12 months, when Ponemon surveyed them in the fall 2019 prior to …
It is well known that small and medium businesses (SMBs) face an ever-increasing risk of cyberattacks. Sixty-three percent of SMBs, surveyed in Fall 2019–prior to COVID-19 lockdowns–reported they had experienced a cyber breach in the last 12 months, according to …
According to the IBM “Cost of a Data Breach Report, 2019”, business interruption (BI) represents 36% of the cost of a cyber breach, averaging a whopping $1.42 million per breach. The report states that, for the last four years, lost …
Cybersecurity is broken. It’s a bold statement, but given the increasing frequency of cyber breaches, along with the presence of more varied and evolving threats, there is growing uncertainty about the ability of the cybersecurity industry to protect its customers. …
