Cyber Insurance

In today’s digital age, cyber attacks have become a major concern for businesses of all sizes. The consequences of a cyber attack can be devastating, resulting in financial loss, reputational damage, and even legal liabilities. As a result, more and more businesses are turning to cyber insurance as a means…

By: Mack Jackson Jr Ransomware attacks are a real threat to healthcare businesses, with hospitals being one of the primary targets. …

Cyber risk has undergone several episodes of change in its relatively short history, but escalating ransomware frequency and severity in 2021 and 2022 was unlike anything experienced previously. The accompanying retrenchment of insurance capacity, coupled with a wave of demand globally, caused a supply and demand imbalance of such extremity…

Recently I conducted a roundtable with a room full of IT resellers. One who had been in the industry for over 10 years shared a story about what it’s like to work in IT today. “When I started, it was common to have 6–9 months to figure out a new…

How important it is to have Cyber Insurance and why a company needs it? As the number of cyber attacks continues to rise, companies are increasingly turning to cybersecurity insurance to protect themselves against the financial consequences of a breach. Cybersecurity insurance can help cover the costs of recovering from…

As a business owner, you will no doubt have thought about the potential risks to your business and with cyber-attacks being regularly in the press, you should be thinking about how your business is exposed to the ever-increasing threat. To help you understand the potential exposure with the support of…

An article by Ian Smith in the Financial Times of 2022–12–26 contemplates an environment so overrun with cyber attacks that insurance companies will no longer be able to write cyber policies. The CEO of Zurich Insurance has warned that cyber attacks could become “uninsurable” due to the growing disruption and…