Insurance

Cyber Insurance Myths and Misconceptions

As businesses grow more reliant on technology to store and process data, cyber crime is also growing.  Imperva’s 2019 Cyberthreat Defense Report says 78% of organizations were hacked in 2019.  With this growth, the need for cyber insurance is recognized more than ever, but there are some myths and misconceptions about insurance.  Thomas Leonardi addresses …

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2019 Reports of Ransomware are Outpacing 2018

According to a Chubb Insurance report, there have already been more instances of ransomware than in all of 2018. The report, titled, “Adapting to the New Realities of Cyber Risks,” was released in the third quarter of 2019.  So far, the number of claims Chubb has received for ransomware have increased to 18% from 12% …

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