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Cyber insurance: Best of luck if you haven’t deployed these measures

Blog, Outsourced IT, Vigilant / By ImageQuest

Cyber insurance may be harder to obtain. Cyber insurers now require their customers to have specific cybersecurity measures in place – or face non-renewal of their policies as of the first of September. The cyber insurance market continues to harden from a seemingly endless number of claims due to cybersecurity attacks. While some insurers are …

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Ransomware attacks pummeling cyber insurance industry

Blog, Outsourced IT, Resilience, Vigilant / By ImageQuest

Have you experienced sticker shock with your cyber insurance renewal? Been unable to complete an insurer’s security questionnaire? Even been denied renewal of your policy? All this is happening as insurers stagger under the weight of growing ransomware claims. Ransomware attacks are soaring. Last year, reported ransomware attacks increased 400 percent, according to the Associated …

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Renewing your cyber insurance in 2021? Do your homework

Blog, Outsourced IT, Vigilant / By ImageQuest

Executives are increasing their cyber insurance coverage after watching the growing number of ransomware reports, business email compromise, and other cyberattacks. But cyber insurance remains a challenging product for insurers and customers alike. Actuarial data is still evolving. Several sources report buyers should expect price increases, especially with many people still working at home, away …

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Will insurance cover your business in a data breach?

Blog / By ImageQuest

Cyberinsurance is an important policy your business needs to have. But you must be careful you’re not paying for coverage that won’t help you when a crisis hits. TechRepublic last week shared an article that dives further into the ins and outs of cyberinsurance, including why you need it. Among the questions you need to …

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Cyber insurance – are you sure you have the right coverage?

Blog / By ImageQuest

Cyber insurance is back in the news, as several cities hit with ransomware recently turned to their insurance carriers for ransom payments. Can you assume that all you have to do is buy insurance and be done with it? Well, as they say in insurance, that’s pretty risky. As we noted back in our December …

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