Insurance Journal |
Over-Compensating Data Breach Victims Can Backfire
Insurance Journal Compensation in response to a data breach is most effective when it meets customers' expectations for what is appropriate, according to a new study by information systems researchers at the University of Arkansas. Such data breaches encompass privacy, … |
Insurance Journal |
Ransomware Attacks Are Soaring, Says Beazley in Data Breach …
Insurance Journal Ransomware attacks against businesses will be four times higher in 2016 than last year, with a growing number of ransom-seeking hackers demanding bitcoin r. |
Insurance Journal |
Ransomware Attacks Are Soaring, Says Beazley in Data Breach Report
Insurance Journal Ransomware attacks against businesses will be four times higher in 2016 than last year, with a growing number of ransom-seeking hackers demanding bitcoin rather than money, according to a report by specialty insurer Beazley. The Beazley Breach Insights … Beazley projects ransomware attacks to quadruple in 2016 |
LAS VEGAS — Cyber insurance can pay out millions of dollars to cover the cost of data breach liability, but buying the policies can be a nightmare for info security pros, and premiums for similar coverage can vary wildly, an Interop audience was told.
On the flip side, the insurance companies lack underwriters with IT knowledge, a good model for assessing risk, a common vocabulary to discuss policies clearly, and face a looming threat that a single successful attack of just the wrong kind could mean a major financial hit, says Dave Bradford, co-founder and chief strategy officer at Advisens.
To read this article in full or to leave a comment, please click here