Increasingly prevalent cybersecurity risks have prompted Bitsight and Moody's Corp., to collaborate and develop the new Implied Cyber Threat service aimed at strengthening cyber risk management efforts, SiliconAngle reports.
It’s more challenging for organizations to get cybersecurity insurance, and when they do manage to get insured the premiums are steep. It also turns out that not all policies cover ransomware, the leading cause of cyber insurance claims.
SecurityWeek reports that Merck and its insurers have reached a settlement for a $1.4 billion insurance claim filed by the U.S. multinational pharmaceutical firm under its "all-risks" coverage for the destructive NotPetya cyberattack in 2017.
Declining cyberinsurance provider exposures and organizations' failure to examine the fine print of their policies have been fueling growing disparities in cyberinsurance coverage, according to SiliconAngle.
SiliconAngle reports that cyber insurance and breach prevention tech provider Resilience Cyber Insurance Solutions has landed a $100 million investment from a Series D funding round, which would be allocated toward the startup's international expansion and customer growth.
Here are four points cyber insurers need to understand about an applicant’s security posture – and it’s up to the CISO to make this information clear to the provider.
New study by the Royal United Services Institute finds no evidence that victims with cyberinsurance are more likely to pay the ransom than companies without insurance.