Jul 25, 2023 | Cyber Liability Insurance, Financial
Ransomware is one of the most significant threats to financial institutions today. These malicious software attacks can encrypt an organization’s data, effectively locking the institution out of its own systems, and demand a ransom to restore access. Financial...
Apr 7, 2023 | Cyber Liability Insurance
In today’s digital environment, cyber threats are a constant concern for businesses of all sizes. To protect their operations, companies must prioritize cybersecurity, with cyber liability insurance being a crucial safeguard against financial losses from cyber...
Apr 3, 2023 | Cyber Liability Insurance
If you assume your cyber insurance claim will be approved without any scrutiny, you might want to reconsider. Insurance claim rejections have been on the rise. During the evaluation of your claim, your cyber insurance provider will determine if you exercised...
May 25, 2022 | Cyber Liability Insurance, Financial, Ransomware
Whether you’re a small business or a multi-million dollar institution, you have the risk of encountering a devastating ransomware attack. You might be thinking, “It’s never happened to my organization, I doubt it will happen anytime soon.”. Many organizations make the...
Apr 11, 2022 | Cyber Liability Insurance, Ransomware, Save Money, Uncategorized
As ransomware attacks surge, the cost of cyber liability insurance premiums is increasing steadily. In fact, the average premium for cyber insurance increased a stunning 34.3% in the fourth quarter of 2021 (Source). Not only has the price of coverage increased, but...
Apr 4, 2022 | Cyber Awareness, Cyber Liability Insurance
Like many new industries, cyber insurance has faced growing pains due to the ever-changing threat landscape. With the rapid increase of ransomware attacks, changing regulations, and the lack of visibility of how clients are protecting their infrastructure, it’s become...
