Dark Reading

MARCH 30, 2023

Risk reassessment is shaking up the cybersecurity insurance market, leading some organizations to consider their options, including self-insurance.

Insurance 101

Insurance Marketing Cybersecurity Risk 101

Schneier on Security

JULY 1, 2021

Here’s one more contribution to that issue: a research paper that the insurance industry is hurting more than it’s helping. Although it is a societal problem, cyber insurers have received considerable criticism for facilitating ransom payments to cybercriminals.

Insurance 116

Insurance Ransomware Paper Marketing 116

eSecurity Planet

APRIL 22, 2022

That’s where cyber insurance may be able to help. For that reason, most experts now recognize that a complete cybersecurity strategy not only includes technological solutions aimed at preventing, detecting, and mitigating attacks, it should also include cyber insurance to help manage the associated financial risks. That’s a 29.1%

Insurance 119

Insurance Ransomware Cybersecurity Marketing 119

Data Breach Today

JANUARY 5, 2020

One of the major challenges for CISOs is on deciding the indemnity limit for cyber insurance, says Bhishma Maheshwari, executive vice president at Marsh India.

Insurance 104

Insurance Marketing 104

OpenText Information Management

AUGUST 26, 2024

3 A messaging platform can help mid-size banks and insurance companies meet these communications challenges, offering a quick ROI and the flexibility to grow into new use cases. Alerts Trust is paramount to creating deeper relationships in banking, insurance and wealth management.

Financial Services 69

Financial Services Marketing Insurance Communications 69

IBM Big Data Hub

MARCH 25, 2024

According to Berenberg analysts , individual insurance companies faced total claims estimates of up to approximately USD 300 million. For other financial services firms outside of the insurance sector, property accepted as loan security might face climate-related risks as well. As a result, their market would shrink.

Financial Services 85

Financial Services Insurance Risk Agriculture 85

Data Matters

OCTOBER 20, 2022

Treasury Department is seeking public comment on the need and scope for a potential federal insurance response to catastrophic cyber incidents, akin to the one put in place for terrorism insurance after the attacks of September 11, 2001. The request, published by the Federal Insurance Office (FIO) in the U.S. Background.

Insurance 86

Insurance Marketing Cybersecurity Risk 86

IBM Big Data Hub

DECEMBER 1, 2023

Insurers struggle to manage profitability while trying to grow their businesses and retain clients. Large, well-established insurance companies have a reputation of being very conservative in their decision making, and they have been slow to adopt new technologies.

Insurance 96

Insurance Digital transformation Customer Experience Cloud 96

IT Governance

AUGUST 23, 2022

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.

Insurance 119

Insurance Data breaches e-Delivery Risk 119

Schneier on Security

JULY 25, 2024

This brittleness is a result of market incentives. The market rewards short-term profit-maximizing systems, and doesn’t sufficiently penalize such companies for the impact their mistakes can have. Insurance blunts financial losses.) CrowdStrike is one of those companies. And there will be a next CrowdStrike, and one after that.

Marketing 120

Marketing Insurance Access Risk 120

IT Governance

MAY 24, 2022

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.

Insurance 133

Insurance Data breaches GDPR Ransomware 133

Dark Reading

AUGUST 2, 2023

Innovations in continuous controls monitoring may be the only way underwriters can offer cyber-insurance policies that make sense in the market.

Insurance 89

Insurance Marketing 89

Dark Reading

JUNE 2, 2022

As insurers and brokers reckon with unexpected losses, they're charging more for policies and setting higher requirements.

Insurance 84

Insurance Marketing 84

Security Affairs

APRIL 22, 2022

When security fails, cyber insurance can become crucial for ensuring continuity. Our reliance on digital technology and the inherited risk is a key driving factor for buying cyber risk insurance. If the technology were to become unavailable, the resulting business impact could be mitigated with cyber insurance.

Insurance 100

Insurance Risk Cybersecurity Ransomware 100

Thales Cloud Protection & Licensing

MARCH 5, 2023

In the fragmented insurance landscape, let’s unify customer experience divya Mon, 03/06/2023 - 06:13 You may think of an insurance company as a singularly-focused entity, offering protection for one product. However, the insurance business reaches across a disparate range of consumer products. To add to the challenge, a.s.r.

Customer Experience 71

Customer Experience Insurance B2C B2B 71

Data Breach Today

SEPTEMBER 25, 2023

One Identity, Wallix, Arcon Exit Leaders Space as Privileged Access Market Matures CyberArk, BeyondTrust and Delinea maintained their spots atop Gartner's privileged access management Magic Quadrant, while One Identity, Wallix and Arcon fell from the leader ranks.

Insurance 262

Insurance Marketing Access 262

Thales Cloud Protection & Licensing

MAY 10, 2022

Checklist for Getting Cyber Insurance Coverage. The necessity for cyber-insurance coverage. With cyber attacks amounting to a question of when and not if, cyber insurance becomes crucial for ensuring business continuity and mitigating the business impact of attacks – should they occur. Tue, 05/10/2022 - 05:43.

Insurance 77

Insurance Authentication Risk Ransomware 77

KnowBe4

SEPTEMBER 21, 2023

[BUDGET AMMO] Jeremy King is a partner at Olshan Frome Wolosky. He wrote an article for Bloomberg where he analyzed cyber risk management issues that companies should prioritize in response to new SEC reporting requirements for cybersecurity incidents and threats.

Insurance 87

Insurance Marketing Cybersecurity Risk 87

IBM Big Data Hub

JUNE 23, 2023

Although interest rates have increased at an unprecedented rate over the past year due to efforts by central banks to curb inflation, insurers are locked into low-yielding investments, and it will take several years for their investment yields to improve. Core modernization (processes and technology) is a top priority for every insurer.

Insurance 56

Insurance Cloud Digital transformation Customer Experience 56

KnowBe4

MAY 11, 2023

As cyber attacks continue to grow in sophistication, frequency, cyber insurers are expecting their market to double in the next two years.

Insurance 81

Insurance Marketing 81

Threatpost

JULY 12, 2022

Chris Hallenbeck, CISO for the Americas at Tanium, discusses the impact of geopolitical conflict on the cybersecurity insurance market.

Insurance 60

Insurance Marketing Cybersecurity 60

Data Breach Today

SEPTEMBER 2, 2022

Expect Legal Wrangling and Attribution Questions, Says Cordery's Jonathan Armstrong Insurance market giant Lloyd's of London says that starting next year, its cyber insurance policies will no longer cover state-sponsored cyberattacks.

Insurance 241

Insurance Marketing IT 241

Schneier on Security

SEPTEMBER 10, 2019

Good paper on cybersecurity insurance: both the history and the promise for the future. From the conclusion: Policy makers have long held high hopes for cyber insurance as a tool for improving security. Cyber insurance appears to be a weak form of governance at present.

Insurance 83

Insurance Cybersecurity Risk Paper 83

IBM Big Data Hub

DECEMBER 4, 2023

This approach can accelerate speed-to-market by providing enhanced capabilities for developing innovative products and services, facilitating business growth and improving the overall customer experience in their interactions with the company.

Insurance 53

Insurance Digital transformation Compliance Cloud 53

IT Governance

AUGUST 25, 2022

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.

Insurance 102

Insurance IT Government Risk 102

Info Source

SEPTEMBER 26, 2024

CAPTURE & IDP MARKET FRAMEWORK Infosource defines the IDP market as software and services that are used to ingest and process business inputs which involve unstructured documents and other input types. This growth rate exceeds the pre-pandemic growth rates in the market from a global perspective. grade schools).

Marketing 52

Marketing Energy and Utilities e-Discovery Records Management 52

Thales Cloud Protection & Licensing

JULY 4, 2022

How Cybersecurity Insurance Can Work To Help An Organization. In the last 20+ years, cybersecurity insurance has added risk transference to the available palette of palliative choices. I recently spoke with Neira Jones and Danna Bethlehem about how cybersecurity insurance can work to help an organization. regulations.

Insurance 71

Insurance Cybersecurity Ransomware Cleanup 71

DXC Technology

AUGUST 10, 2020

For the insurance sector, this has brought forth both new market opportunities and new market confusion. The insurance sector has leveraged digital for new ways of working, and that has proven to be especially valuable in light of […].

Insurance 67

Insurance Education Marketing 67

IBM Big Data Hub

JUNE 24, 2020

Max Jaiswal is the enterprise data team lead at AIA Australia , a pan-Asian life insurance company with presence in 18 markets across the Asia-Pacific region. The 100-year-old firm is the largest life insurer in the world, and the largest company on the Hong Kong stock exchange , with assets of USD $230 billion.

Insurance 95

Insurance Marketing 95

Micro Focus

FEBRUARY 1, 2019

Instead, the insurance market, an industry worth $1.2 TN, has morphed into a tech-fest where insurers spent. A new front has opened up on the digital battleground where enterprise technology is matched against the demand for customer innovation. Because the days of waiting for renewal notices to hit the doormat are over forever.

Insurance 40

Insurance Marketing 40

Reltio

JUNE 9, 2022

The insurance industry is facing unprecedented disruption. Insurance carriers have been called to transform customer experience, business offerings, and operations. As an insurer, your current business models are being challenged by new thinking, new competitors, and new ways of working.

Digital transformation 52

Digital transformation Insurance Customer Experience MDM 52

OpenText Information Management

NOVEMBER 12, 2024

Insurance customers expect more: instantly, seamlessly, and exactly the way they want it. The stakes are high, as insurance customers typically only interact with their carriers once or twice a year—a stark contrast to the frequent interactions seen in banking. It’s a reality that goes straight to the bottom line.

Communications 52

Communications Insurance Archiving Marketing 52

Information Matters

JANUARY 6, 2022

The insurance industry, like most other sectors of the economy, is being transformed by AI. This cuts across all parts of the insurance business from marketing, sales and policy documentation Read more.

Insurance 52

Insurance Sales Marketing 52

Threatpost

JUNE 28, 2019

Millions of records containing personal information and medical insurance data were exposed by a database belonging to insurance marketing website MedicareSupplement.com.

Insurance 69

Insurance Marketing Cloud 69

Data Matters

FEBRUARY 10, 2021

2 announcing a Cyber Insurance Risk Framework (the Framework) that describes industry best practices for New York-regulated property/casualty insurers. According to NYDFS, the incorporation of these practices should be proportionate to each insurer’s size, resources, geographic distribution, and other factors. The Framework.

Insurance 77

Insurance Financial Services Cybersecurity Risk 77

Adam Levin

DECEMBER 8, 2020

The personal information of thousands of Israeli citizens has been compromised as the result of a cyberattack on Shirbit, a leading insurance company. . The post Major Israeli Insurance Company Hacked appeared first on Adam Levin. Both organizations are currently investigating the incident.

Insurance 52

Insurance Marketing Government Access 52

Security Affairs

NOVEMBER 6, 2018

Group-IB and Swiss insurance broker ASPIS that owns CryptoIns project, have developed the world’s first scoring model for assessing cryptocurrency exchanges. According to CryptoIns analysts, the crypto assets insurance market is expected to reach $7 billion by 2023. Why do crypto exchanges’ users need insurance?

Insurance 88

Insurance Risk Marketing Cybersecurity 88