Mayor LaToya Cantrell anticipates the recent cyberattack to exceed its current $3 million cyber insurance policy. The city of New Orleans is planning to increase its cyber insurance policy to $10 million following a Dec. 13 ransomware attack that will likely exceed its current $3 million policy, Mayor LaToya Cantrell confirmed this week. She did
There is no premium that will recover the millions of dollars your company spends on R&D if your intellectual property is hacked and stolen. Cyber insurance policies are designed to cover the costs of security incidents and breaches such as system forensics, data recovery, and legal and customer reparations costs. Typical incident types that are
More businesses are recognizing the need for cyber insurance as part of an overall security strategy. Here are some key points to consider when evaluating, purchasing, and relying on a policy. After years of trying, Risk Based Security CISO Jake Kouns finally managed to get cyber insurance the attention he thinks it deserves. He had
The time to read the fine print in your cybersecurity insurance policy is before you sign on the dotted line.
These days, it seems that everyone has heard a cyber insurance horror story: a catastrophic cyber event followed by a swift denial of cyber insurance coverage. At a time when all companies are beginning
Mondelez, US food distributor and owner of major brands Ritz and Nabisco, has filed a lawsuit against Zurich Insurance Group after its claim seeking $100 million for NotPetya damage was denied. NotPetya struck global companies with a massive ransomware attack back in 2017. Instead of encrypting data and demanding money for its return, as most