It's a young practice but, globally, cyber insurance is starting to exert its influence with some of the largest enterprises - and in some of the most notable cyberattacks. John Pescatore of SANS Institute discusses questions that cybersecurity leaders need to ask before acquiring new policies.
Are insurers getting cold feet over covering losses to ransomware? With claims due to ransomware skyrocketing, some insurers have reportedly been revising offerings to make it tougher for companies to claim for some types of cybercrime, including extortion.
PII breach insurance is becoming commonplace and has some value, but what about damage that goes way beyond the embarrassment, potential fraud and loss of consumer confidence resulting from PII theft? The motivations and objectives for many attacks are much broader than just financial gain, ranging from hacktivism,...
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