As the threat landscape evolves and the cost of data breaches increase, so will cyber insurance requirements from carriers. Cyber Risk Specialist Vince Kearns shares his 4 predictions for 2024.By: Vince Kearns January 09, 2024 Read time: ( words) It’s hard to believe it’s been a year ...
However, there are clear signs that we won't be reverting to the soft market conditions from a few years ago. First, the offered products cover less, with new restrictive policy wording imposed by several carriers in 2023. Secondly, the strict underwriting control requirements mandated last year...
The lessons the insurance industry learned in recent years are evident in current policy requirements which prioritize proactive risk reduction measures. Whether you are purchasing cyber insurance for the first time or seek a renewal, prepare to share a narrative about the risk mitigation plan you ha...
Rising premiums, changing requirements and a lack of consistency across the cyber insurance industry makes it challenging for organizations to obtain a policy. Now is the time to get clarity on the current cyber insurance landscape and understand the security controls that insurers are requiring. In...
Insights into Enhanced Cybersecurity Insurance Requirements: Meeting the demands of cyber risk insurers June 27, 2024 As cyberattacks continue unabated and the cost of ransomware increases, insurance claim payouts exceed insurance premiums. The insurance industry can’t sustain these conditions and is ...
We’ve partnered with Microsoft to deliver an educational webinar series that explains the integrated capabilities of Microsoft and Conquest Cyber security tools and services and how they cover Cyber Insurance requirements. You will: Learn how to augment small teams to maximize effectiveness ...
"Significant growth potential will be driven in particular by increased reporting requirements and regulations that go beyond data protection laws, as well as growing liability for decision-makers," it said.While more organizations are looking to cyber insurance to better manage their risk, "there ...
Meet Cyber Insurance Requirements with Identity Security & PAM Managing risk begins with securing your organization's digital identities and assets. In a world of relentless cyberattacks and threat actors increasingly armed with AI, cyber insurance remains an important enterprise risk management strategy....
Entities regulated under the Insurance Law will need to implement cybersecurity measures in proportion to their cyber risk profile by 27 November 2020 following the release of the Rule and Statement of Guidance on Cybersecurity for Regulated Entities (the “Guidance”) by the Cayman Islands Monetary...
Control Your Risk with Cyber Coverage Resources - Learn how to qualify for cybersecurity insurance by putting solid security measures in place before applying for coverage.