cyber insurance Archives - CFO

U.S. Insurance Pricing Rises 14% in Q3

Risk Management

U.S. Insurance Pricing Rises 14% in Q3

The increase reflected a 96% surge in cyber insurance pricing due to greater frequency and higher severity of losses.

By Matthew Heller | October 26, 2021

AM Best Warns of ‘Grim’ Future for Cyber Insurers

AM Best Warns of ‘Grim’ Future for Cyber Insurers

The increase in cyber losses outstripped rate hikes last year, suggesting "more trouble for 2021 as ransom demands continue to grow."

By Matthew Heller | June 7, 2021

The Most Notorious Rogue Employee Speaks

The Most Notorious Rogue Employee Speaks

Revelations in Edward Snowden's new book offer companies strong lessons for safeguarding sensitive data.

By David McCann | December 23, 2019

More Clients Buying Cyber Coverage: Marsh

More Clients Buying Cyber Coverage: Marsh

One of the reasons: property insurers are generally no longer willing to cover business interruptions caused by network intrusions.

By Vincent Ryan | April 11, 2019

Cyber-Risk Costs Resist Overall Trend

Risk Management

Cyber-Risk Costs Resist Overall Trend

Businesses' total cost of risk declined again in 2017, but cyber insurance costs moved in the opposite direction, rising 33%.

By Vincent Ryan | July 3, 2018

Hybrid Cyber-Risk Solutions May Lower Cost of Insurance

Risk Management

Hybrid Cyber-Risk Solutions May Lower Cost of Insurance

Requiring businesses to buy certain IT products to get better cyber insurance coverage may be an idea whose time has come.

By David Katz | March 12, 2018

Risky Business

Among the various threats to corporate well-being, one — the vulnerability of sensitive data — stands out from the crowd.

By Josh Hyatt | February 21, 2018

How to Buy Cyber Insurance

How to Buy Cyber Insurance

Deciding how much cyber insurance to buy is no trivial matter, and the responsibility rests with the CFO.

By Greg Reber | October 12, 2017

‘Wannacry’ Spotlights Need for Cyber Liability Coverage

‘Wannacry’ Spotlights Need for Cyber Liability Coverage

D&O insurance will become more and more valuable to fend off shareholder-driven cyber litigation.

By Joshua Gold | May 17, 2017

Advice to Cyber Insurance Buyers: You Are Not Alone

Advice to Cyber Insurance Buyers: You Are Not Alone

CFOs and risk managers need to know that cyber underwriters are using "security scores" to assess their clients' risks.

By Lynda Bennett | May 9, 2017

Many Companies Taking a Pass on Buying Cyber Insurance

Risk Management

Many Companies Taking a Pass on Buying Cyber Insurance

Lack of a standard language, concern over potential coverage gaps, and uncertainty over the value of policies are making businesses wary.

By Vincent Ryan | February 23, 2017

Directors Focusing More on Cybersecurity — But Is It Enough?

Directors Focusing More on Cybersecurity — But Is It Enough?

Three-quarters of boards are more involved with cybersecurity than last year, but only a quarter share information externally after an attack.

By Sean Allocca | November 1, 2016

How to Mitigate the Threat of Ransomware

How to Mitigate the Threat of Ransomware

Unfortunately, ransomware attacks on corporate systems are becoming more common. Here's how to manage the risk.

By Michael R. Overly and Aaron Tantleff | August 31, 2016

Cyber Insurance Market to Triple by 2020

Cyber Insurance Market to Triple by 2020

PwC survey sees "considerable opportunities" for revenue growth but warns that many businesses are questioning the value of policies.

By Matthew Heller | September 14, 2015

Response to Cyber Threats Found Lacking

Response to Cyber Threats Found Lacking

Businesses are alert to threat of hacker attacks but can "do a lot better" to counter them, survey of risk managers says.

By Matthew Heller | June 8, 2015