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Tag: cyber insurance

Do companies even get cyber insurance?
7. February 2024
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| PR News, Sophos
Do companies even get cyber insurance? - KI MS

Cyber ​​insurance is not just a question of company strategy, but also whether you get it at all. The new Sophos guide to cyber insurance helps management and IT managers in companies better understand the cyber insurance market. After all, there are unavoidable requirements that must be met in order to ensure that insurance is as economical as possible. Companies often secure additional technical security through cyber insurance. Behind this strategy is, on the one hand, the knowledge of the danger of possibly backward in-house security and, on the other hand, a business calculation on the part of the management team. Every second company affected by attacks Sure…

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When it comes to cyber insurance, the fine print matters
September 7, 2023
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| PR News
When it comes to cyber insurance, the fine print matters

When it comes to cyber insurance, companies are confronted with rising premiums, lower coverage amounts and stricter IT security requirements. Purchasing affordable and comprehensive cyber insurance is becoming an increasingly time-consuming and resource-consuming task for businesses. The process is increasingly taking six months or longer, as the "2023 State of Cyber ​​Insurance" report from Delinea, the specialist for solutions that seamlessly extend privileged access management, now shows. In addition, insurers are setting ever stricter requirements for the cyber security of companies and are increasing the number of exclusion criteria that make taking out a cyber policy increasingly unattractive for potential customers....

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Up to $1 million in cyber attack support
July 29, 2023
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| PR News
Financial support for cyber attacks

In the event of a major cybersecurity incident, Arctic Wolf offers its customers financial support of up to $1 million. The company is now expanding its Security Operations Warranty to Europe. The Security Operations Warranty is one of the most comprehensive security guarantees for IT security solutions in the industry. It provides Arctic Wolf customers with financial support of up to $1 million in the event of a major cybersecurity incident. According to a recent study published by Arctic Wolf, 40% of companies currently do not have comprehensive cyber insurance. It also shows that the majority of companies that have...

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Ransomware: HardBit 2.0 asks for cyber insurance
March 18, 2023
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| PR News
Ransomware: HardBit 2.0 asks for cyber insurance

The HardBit 2.0 ransomware group asks the company for cyber insurance information after a successful attack. The group wants to adjust their claims to the sum insured and pretends to be friendly. Security researchers at Varonis Threat Labs warn of a new ransomware group that appears to be using a new extortion tactic: HardBit 2.0 tries to convince victims that it is in their best interest to disclose all insurance details so they can customize their claims that the insurer covers all costs. Hackers: Together against the insurance HardBit was first published in October 2022…

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When cyber insurances stop paying in the event of an attack
10 January 2022
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| Stories
When the cyber insurance no longer pays in the event of an attack

With cyber threats on the rise, insurance against these risks is becoming increasingly popular. In this way, companies hope to receive support in the forensic processing of a cyber attack as well as financial compensation for the damage caused. Max Rahner, Sales Director DACH of the industrial cybersecurity provider Claroty, on the new standard clauses for cyber insurance. Financial compensation for the damage caused by a cyber attack: These hopes could now get a significant damper. The most important industry association for Europe, Lloyds Market Association (LMA), has adopted new standard clauses for cyber insurance and has agreed on a changed approach to the War Exclusion Clause in connection with cybersecurity damage. Why…

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Security outlook 2022: multifactor authentication on the rise
9 January 2022
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| Short news
B2B Cyber ​​Security ShortNews

In its forecasts for 2022, WatchGuard addresses, among other things, the new passwordless Windows authentication as well as rising costs for cyber insurance and (MFA) for remote access to company resources. The IT security experts at WatchGuard once again dealt with various security-related developments that have the potential to cause a stir in 2022. For example, the analysts at the WatchGuard Threat Lab assume that cyber criminals will quickly find ways to bypass the passwordless authentication that Microsoft Windows has proclaimed. At the same time, it is predicted that the rising costs of cyber insurance will lead to the spread of strong multifactor authentication (MFA) for remote access to ...

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Cyber ​​insurance require multifactor authentication
28 December 2021
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| PR News
Cyber ​​insurance require multifactor authentication

When companies want to take out cyber insurance, the premium is often based on the existing security technology. Multifactor authentication (MFA) has even become a prerequisite for insurance cover. For many companies, the topic of "cyber insurance" is moving on to the agenda, and relevant offers have been around for a number of years. However, due to the frequency and severity of ransomware attacks, taking out such insurance is no longer as easy as it used to be. Insurers reject insecure IT While the attacks prior to the corona pandemic were primarily focused directly on the internal IT systems at the company headquarters, they are now always ...

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