Tags insurance
Insurance regulators pitched on FICO-style score for cybersecurity
Insurers don't have a good way to measure their customers' cyber risk because because companies don't know how vulnerable they are.
Insurers: Major cyberattack on cloud provider could cost more than huge hurricane
A successful major hacking attack on a global cloud provider could cripple the nascent cyber-insurance market even though only a fraction of the losses would be covered, a new report says.
Fitch: Cybersecurity insurance market crossed billion-dollar earnings mark in 2016
Insurers earned $1.35 billion from cyber insurance premiums last year, a 35 percent increase over the year before, according to new figures from the ratings agency Fitch.
Insurance industry increasingly anxious about its own cyber risks
Insurance companies are worried more than ever about cybersecurity, which is rated one of the top three risks the global industry faces for the first time in a recent survey.
Only half of U.S. firms have cyber insurance, fewer than in U.K., Canada
About half of U.S. businesses say they don't have cyber risk insurance, compared to fewer than a third in the U.K., and the healthcare sector is lagging the worst, according to a recent survey.
New insurance covers cyber risks for the wealthy
Some of the wealthiest Americans can now expand their home insurance packages to include expert advice and technology for reducing their exposure to cyberattacks, as well as a variety of complimentary or reimbursable services if they do get hacked.