Cyber Liability Tag

24 Jun

Posted at 21:05h in Cyber White Papers by
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Organizations of all sizes and sectors are facing increased cybersecurity risks.

Specifically, ransomware attacks—which leverage malware to compromise a victim’s data and demand them to make a large payment to recover it—have quickly become a rising threat across industry lines. In fact, recent research found that these types of attacks have surged by 150% in the past year alone, with the average amount paid by victims jumping by over 300%. Such attacks have also become more sophisticated over the years as cybercriminals have developed a wide range of different ransomware-use techniques.

24 Jun

Posted at 17:39h in Cyber White Papers by
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Keeping workplace technology up and running is vital to any organization’s success.

While this task seems feasible, it’s growing harder and harder each year as cybercriminals expand their reach. It’s not enough to simply protect workplace technology with software and security protocols. It’s also critical for your organization to test the overall effectiveness of these protocols on a regular basis. That’s where penetration testing can help.

19 Mar

Posted at 16:02h in Cyber White Papers by
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Cyber insurers passed a tipping point in 2020, with loss frequency and severity outpacing pricing increases and tougher underwriting, according to a new report from Aon.

Claim severity rose significantly in 2020, according to Aon’s analysis, with many clients seeing eight-figure ransomware losses. In terms of frequency, Aon typically saw three new errors and omissions (E&O)/cyber claims each day. This is up nearly 100% from 2019, with ransomware up 486% between the first quarter of 2018 and the fourth quarter of 2020, and 150% between 2019 and 2020.