Need an Insurance Policy Against Ransomware Attacks? Get Silverfort’s Free Identity Security Assessment
Many organizations are struggling today with aligning their security controls with what underwriters now require in order to get insurance coverage against ransomware attacks. From the identity protection perspective, even the initial discovery of MFA and administrative access gaps to address can be a severe challenge, due to a lack ... Read More
The Hidden Risk Factor: Why Cyber Insurers Are Focused on Lateral Movement
The biggest cybersecurity story of 2022 was not just that ransomware was everywhere this year, it was that increasingly any organization of any size was finding themselves to be a target. As the headlines rolled in detailing damaging ransomware attacks on a near-daily basis, the list of victims proved incredibly ... Read More
The Security Risks of Service Accounts: Why Cyber Insurance Underwriters Are Tightening Requirements
As ransomware attacks continue to skyrocket, both in frequency and intensity, underwriters of cyber insurance policies have been dramatically tightening their requirements in order to stem financial losses. Over the past three years, for example, the number of claims related to cyberattacks has doubled, with insurance companies posting a record-high ... Read More
How High Touch Technologies Renewed Their Cyber Insurance Policy
The massive spike in ransomware attacks in 2021 – up 105% worldwide, according to SonicWall – left cyber insurance companies facing an exponential increase in claims at the end of last year. In response, insurers tightened their requirements this year, releasing a long list of specific conditions companies now need ... Read More
Deadline Looms for Compliance with FTC’s Revamped Data Protection Rule
On December 9 of last year, while the world braced for another wave of COVID infections, something even more serious was happening at the Federal Trade Commission (FTC), at least in terms of cybersecurity. After years of incrementally amending their Safeguards Rule (officially known as the “Standards for Safeguarding Customer ... Read More
Cyber Insurance Win-Win: How Brokers Can Help Clients Comply
As cyberattacks continue to escalate in frequency and intensity, so do the stakes for both cyber insurance providers and their clients. To address this rapidly growing threat, brokers have raised the requirements that clients must now meet in order to acquire or renew a comprehensive policy. But these more stringent ... Read More
