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Healthcare Cybersecurity Threats and Cyber Insurance
Cybersecurity threats to health care organizations and patient safety are real. Indeed, recent ransomware attacks have shone a light on just how vulnerable health care organizations have become to cyber risk when caring for patients in an interconnected tech driven care setting. Health information technology now encompasses providing critical life-saving functions, many of …
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Cyber Insurance Market Growth Forecast
Data breaches and cyber attacks continue to escalate, with no end in sight. The financial costs of cyberattacks are rising. Notable examples include the WannaCry attack, which affected 300,000 computers across 150 countries, and Petya and NotPetya, which caused huge corporate losses: for example, Merck, FedEx and Maersk each reported third-quarter losses of around US$300 …
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How to Know Whether Your Company has the Right Cyber Insurance Policy
Ultimately, it is up to your company to decide whether or not it has the right cyber insurance policy. There are several ways you can go about this. Some of these suggestions may sound ludicrous. However, there are companies that choose to enter the wild, wild west at their own risk and you will know which ones they are once you read them. How to Know Whether Your Company has …
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Cyber Insurance Checklist for SMBs
Responding to and Recovering from a Cyber Attack Can Be a Costly and Overwhelming Process Cyber insurance is one option that can help protect your business against losses resulting from a cyber attack. If you’re exploring purchasing a cyber insurance policy, the FTC in partnership with the NAIC (National Association of Insurance Commissioners) has created a helpful Cyber …