Despite its growing pains, the cyber-insurance industry continues to expand, with the value of Direct Written Premiums (DWPs) growing to $5.1 billion in 2023, an increase of 62% year-over-year, according to FitchRatings. While all insurers have tightened up their policies – clarifying the h...
The article reports on "cyber-slackers" or insurance of brokerage employees who waste time surfing the web or visiting gambling or pornography sites. The author estimates that the cyber slackers squander...
The role of cyber insurance Cyber insuranceis one way companies mitigate the cost risks of being breached. Sharp increases in the costs of cyber insurance premiumshave been stabilizing of late, but even organizations covered by insurance can expect to dole out extra cash to make good after a br...
U.S. customers who recall a restaurant experiencing a data breach 2017, by age TopicsU.S. internet users and cybercrimeThe impact of cybercrime on companies in the U.S.Cyber insuranceHealthcare and cybercrime in the U.S.Cybercrime and the financial industry in the United States ...
Everything on "Cyber security in Germany" in one document: edited and divided into chapters, including detailed references. Go to report Christof Baron CEO, MindShare Germany Statistics on"Cyber insurance" Do you have any questions about our business solutions?
Critical InfrastructureCyberattacksRisk ManagementReport warns of the CNI security impacts of economic hardship including insider threats, social engineering attacks, and reduced cyber budgets. Credit: whiteMocca / Shutterstock The cost-of-living crisis could trigger a rise in cy...
It is true that we live in a world more digital and interconnected than ever before. However, one cannot ignore the fact that the increasing number ofdigital transformationsaround us has brought about a significant rise in the types and number ofcyber frauds. For businesses, especially within th...
Additional infrastructure capacity: $11M (5.5% of costs) Overtime wages: $11M (5.5% of costs) Cyber insurance premiums: $10M (5% of costs) Recovering from backups: $9M (4.5% of costs) Extortion payouts: $8M (4% of costs) The survey also revealed that downtime has a range of indire...
Almost half of all Americans struggle to afford quality health care and prescription medications; the cyberattack on UnitedHealth Group's Change Healthcare unit will cost the company between $2.3 billion and $2.45 billion in 2024; CMS releases the final part 2 guidance for plan...
In reality, however, the cost of hiring an employee can be much higher for certain positions currently experiencing high talent shortages — think cybersecurity, engineering, or nursing. Likewise, the average cost per hire for an executive position is $28,329! So…what’s the real cost of hi...