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Changes Continue in Cyber Insurance

Pure Storage

Changes Continue in Cyber Insurance by Pure Storage Blog An ounce of prevention is worth a pound of cure certainly applies to physical health. Prevention begins with having a robust cybersecurity plan in place, along with sufficient insurance to manage risk. In 2010, cyber insurance premiums totaled a mere $600,000.

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Security Industry Association Reveals the 2024 SIA Women in Security Forum Power 100 Honorees

Security Industry Association

Now in its third year, the SIA WISF Power 100 program showcases 100 women who are role models, leaders, innovators and influencers in the global security industry. The Security Industry Association (SIA) has revealed the 2024 honoree list for the SIA Women in Security Forum (WISF) Power 100. SILVER SPRING, Md. –

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Cyber Insurance 101: 5 Things Senior Management Needs to Know

Reciprocity

Hence cyber insurance has become a lucrative product for insurance companies, and a must-have for businesses that want to offset the costs of attack-inflicted damage. What Is Cyber Insurance and Why Do You Need It? Cyber insurance costs can vary due to a number of factors. What You Need to Know About Cyber Insurance.

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Inflation Considerations for Risk Managers and Insurance Buyers

Risk Management Monitor

Inflation’s Impact on the Insurance Market. In light of current economic conditions, the directors and officers (D&O) insurance market is now facing several notable inflationary risks. With high unemployment and higher costs, this also poses a risk to employment practices liability (EPL) insurers.

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How to Offload Your Risk to a Third Party

MHA Consulting

There are two main types of risk transference: 1) buying insurance and 2) hiring a third-party vendor to perform an activity and passing on to them the risks associated with that activity. The Promise and Pitfalls of Insurance Insurance is the most frequently used and easiest method of risk transference.

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5 Ways to Address Data Security Gaps Before an Attack

Pure Storage

With any ransomware attack or security event, there’s going to be a before, a during, and an after. They will learn if you have cybersecurity insurance, where from, and how much it’s for. 5 Ways to Close Security Gaps Before an Attack. It’s not just enough to maintain security logs. Attackers launch a campaign.

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2023 RIMS Awards Celebrate the Past, Present and Future of Risk Management

Risk Management Monitor

Recognizing a lifetime of outstanding service and achievement in the risk profession, the society’s top honor, the Harry and Dorothy Goodell Award, was presented to Joan Schmit, distinguished chair of risk management and insurance at the University of Wisconsin-Madison. but remains a leader with the RIMS Chicago Chapter.