Tags insurance

Apple, Cisco team up with cyber insurers for policy discounts

by Greg Otto • 10 months ago

The two tech giants will be partnering with Allianz SE and Aon Plc to give companies a full suite of options to organizations better manage and protect themselves from cyber risk.

U.S. economy could lose billions if attack shut down major cloud providers, report says

by Zaid Shoorbajee • 11 months ago

The report highlights cyberattacks as an emerging risk of loss in the cloud services industry. The U.S. economy could lose an estimated $15 billion if a major cloud provider were to suffer a major cyberattack that disabled it for a few days.

Survey: About a quarter of small businesses say they have cyber insurance

by Shaun Waterman • 1 year ago

Fewer than one-in-five small businesses believe they are at risk of being hacked and — perhaps as a result — only 26 percent say they have cyber insurance, according to a new survey.

Insurance regulators pitched on FICO-style score for cybersecurity

by Shaun Waterman • 1 year ago

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

by Shaun Waterman • 1 year ago

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

by Shaun Waterman • 1 year ago

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.

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