Data increasingly shows that the cost of a massive cyberattack can be more costly than a hurricane. It took a number of years for cyber…
Tag: business cyber insurance
New commercial cyberattack study underscores importance of business cyber insurance
A recent survey revealed that almost half of participating companies had experienced some form of breach within a year. The importance of business cyber insurance…
Kidnap insurance protects companies in the case of ransomware
Businesses that have not purchased cyber insurance policies are looking to alternative coverage for WannaCry losses. Companies without cyber insurance are reportedly making claims through…
Cyber insurance market growth is fast and healthy, says Swiss Re
As worries over the impact of a hack, data breach or other similar risks, firms are insuring themselves. Swiss Re released a statement describing considerable…
Cyber insurance confusion causes gaps in coverage
This sector of the insurance industry is doing great business but policyholders may not know what they need. Businesses are very aware that they need…
Cyber insurance coverage boosted by half of all risk managers
A new HSB report has indicated that 50 percent of businesses have either bought or increased their policies. A report by the Hartford Steam Boiler…
Cyber insurance claims are made by 4 out of 10 companies
A new survey has revealed that a very large percentage of businesses have filed against their policies. When it comes to business coverage, cyber insurance…
