Panaseer shares data on actions enterprises are willing to take to solve the escalating cyber insurance crisis. In recent years the cyber landscape has been dominated by a sharp increase in ransomware attacks. According to SonicWall, ransomware attacks increased 105% in 2021 and Sophos’ report, the “State of Ransomware 2021,” revealed the average ransom paid […]
Posts Tagged ‘cyber insurance’
Nine months after the Colonial Pipeline hack set off a desperate ‘all-hands-on-deck’ response to the ransomware crisis, there’s a general sense that we’ve seen the worst of the data extortion attacks that exploded in 2021 to include the largest publicly disclosed cyber attack against critical infrastructure in the United States. According to fresh data from […]
Category Cyber warfareCyber-crime
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01
Dec
2021
Cyber insurance definition Cyber insurance, also referred to as cyber risk insurance or cyber liability insurance coverage (CLIC), is a policy with an insurance carrier to mitigate risk exposure by offsetting costs involved with damages and recovery after a cyber-related security breach or similar event. What does a cyber insurance policy cover? Cyber insurance policies […]
Category Network securitySecurity
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