Category: Cyber Liability

Can a business forgo a cyber insurance policy?

Though the cyber insurance market in the U.S. is currently valued at more than $7 billion, it is forecast to reach more than $20 billion by 2025. Considering the increase in cyber-attacks just…

The 11 Biggest Issues IT Faces Today

Each year we talk with tech leaders about the biggest problems they’ll face in the near future, and we’re starting to see some subtle and not-so-subtle shifts from the worries of 2018….

‘Bad actors are out there’: Cyber experts have long warned of an attack on water supply systems

The announcement of a Feb. 5 cyberattack on a public drinking water supply in Florida, an event that could have been much worse, illustrates the gaps in critical infrastructure cybersecurity and the…

‘Extreme’ Cyber Events Impact Organizations Differently – Incident Response Matters

The median loss for “extreme” cyber events is $47 million, with one in four events reaching over $100 million, but new research from Cyentia revealed that organizations can experience very different impacts…

The Pandemic is a Hacker’s Paradise, According to the Data

Regular listeners of Advisen’s Quarterly Cyber Risk Trends webinar series get to see our cyber loss data in action. With cyber risk a key focus during the COVID-19 pandemic and a widespread…

Preventing Paycheck Protection Program Loan Scams

The COVID-19 pandemic and subsequent shutdowns have meant perilous times for small businesses across the country, with many shutting down temporarily or even permanently. As part of the U.S. government’s efforts to…

Facebook pays $550m settlement for breaking Illinois data protection law

Facebook has settled a lawsuit over facial recognition technology, agreeing to pay $550m (£419m) over accusations it had broken an Illinois state law regulating the use of biometric details. The settlement was…

Cyber events now top concern of businesses

By Erin Ayers, Advisen In an increasingly risky world, cyber incidents have risen to the top as the chief worry of businesses around the globe for the first time, edging out business…

Has your Disney+ account already been hacked?

The largest media company in the world has fallen victim to hackers… And it’s not looking good for the streaming service that launched less than a week ago. If you have young…

Coverage in Action: Cyber Liability Insurance

As technology becomes increasingly important for successful business operations, the value of a strong cyber liability insurance policy continues to grow. The continued rise in the amount of information stored and transferred…