article thumbnail

RIMS TechRisk/RiskTech: Using Cyberrisk Analytics to Improve Your Cyber Insurance Program

Risk Management Monitor

As ransomware continues to spread and payment costs increase, cyber insurance rates have gone up exponentially. Armed with this data, companies can take steps to make it easier to access optimal cyber insurance coverage and better insurance pricing. One way to do this is through analytics.

article thumbnail

A Former Hacker Explains How to Fight Ransomware

Pure Storage

Cyber insurance coverage could encourage more attacks. Attackers have even been known to research how much insurance a target company has and then ask their victim to pay that amount. In fact, enterprises with larger budgets for cyber insurance could be more lucrative targets for bad actors.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A Former Hacker Explains How to Fight Ransomware

Pure Storage

Cyber insurance coverage could encourage more attacks. Attackers have even been known to research how much insurance a target company has and then ask their victim to pay that amount. In fact, enterprises with larger budgets for cyber insurance could be more lucrative targets for bad actors.

article thumbnail

A Former Hacker Explains How to Fight Ransomware

Pure Storage

Cyber insurance coverage could encourage more attacks. Attackers have even been known to research how much insurance a target company has and then ask their victim to pay that amount. In fact, enterprises with larger budgets for cyber insurance could be more lucrative targets for bad actors.

article thumbnail

Ransomware Attacks Leave Businesses Around the World Reeling

LAN Infotech

Since every business is at risk of ransomware attacks, your initial step should be to draft a written response plan in case of a successful ransomware attack. A written plan helps an organization avoid rash decisions and have an organized, calm response. Insurance carrier. Legal team.

article thumbnail

An Old Threat Returns – Terrorist Attacks in Europe?

Plan B Consulting

This week, Charlie discusses the importance of having updated response plans in case of an emergency and looks at why organisations should keep in contact with staff during an incident. In light of the possibility of attacks in Europe, I think it is advisable to review and update our travel security plans and responses.

Travel 52
article thumbnail

Cyberrisk Management Tips for Businesses Amid the Russia-Ukraine War

Risk Management Monitor

Cyber insurance firm Coalition has put together a guide to basic cybersecurity measures to help organizations—policyholders and otherwise—proactively manage cyberrisk and reduce the likelihood of a cybersecurity incident. Organizations should be asking themselves, “What does the work day look like without access to the business’ systems?”