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Why Cyber Insurance is Essential in 2022

IT Governance

One of the most common ways to mitigate the risk of a cyber security incident is cyber insurance. These activities aren’t typically included in standard business insurance policies, which tend to only cover costs related to technical issues, such as corrupted hard drives and lost devices. The benefits of cyber insurance.

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Cyber insurance: A guide for businesses

IT Governance

That’s why they organisations increasingly relying on cyber insurance policies to cover the costs when data breaches and cyber attacks occur. But just how helpful is cyber insurance? We take at a look at everything you need to know in this blog. What is cyber insurance? How does cyber insurance work?

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How Much Cyber Liability Insurance Do You Need?

IT Governance

Cyber liability insurance helps organisations cover the financial costs of a data breach. Without insurance, organisations spend £3.6 By purchasing cyber liability insurance, organisations gain the resources they need at a fraction of the cost. What does cyber insurance include? First-party vs third-party insurance.

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EIOPA Publishes Consultation on Opinion on AI Governance and Risk Management

Data Matters

On February 12, 2025, the European Insurance and Occupational Pensions Authority ( EIOPA ) published a consultation on its draft opinion on artificial intelligence ( AI ) governance and risk management (the Opinion ).

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Senators Urge FTC to Probe ID.me Over Selfie Data

Krebs on Security

In a letter to FTC Chair Lina Khan , the Senators charge that ID.me’s CEO Blake Hall has offered conflicting statements about how his company uses the facial scan data it collects on behalf of the federal government and many states that use the ID proofing technology to screen applicants for unemployment insurance. ’ ID.me

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Lloyd’s Will No Longer Include Nation-State Attacks in its Cyber Insurance Policies

IT Governance

Lloyd’s of London has announced that its insurance policies will no longer cover losses resulting from certain nation-state cyber attacks or acts of war. In a memo sent to the organisation’s insurance syndicates , Underwriting Director Tony Chaudhry said that Lloyd’s remains “strongly supportive” of policies that cover cyber attacks.

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Security Affairs newsletter Round 362 by Pierluigi Paganini

Security Affairs

Please vote for Security Affairs as the best European Cybersecurity Blogger Awards 2022 – VOTE FOR YOUR WINNERS Vote for me in the sections “The Underdogs – Best Personal (non-commercial) Security Blog” and “The Tech Whizz – Best Technical Blog” and others of your choice. Patch them now!

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