The landscape of cybersecurity insurance is shifting in the wake of a wave of high-profile ransomware attacks. Over the last five years, the U.S. has suffered more than 4,000 ransomware attacks a day, according to a U.S. government interagency report. It’s a pandemic unto itself: Ransomware attacks happen once every eight minutes. 

Cybersecurity Industry Overview: Cyberattacks such as the ones on the Colonial Pipeline, JBS and Kaseya have dominated headlines, exposing vulnerabilities that corporations face following the rapid shift to digitalization over the past year, said Fodderwala.  The Morgan Stanley analyst surveyed 60 U.S.-based chief security officers who suggested a heavy uptick in corporate cybersecurity spending into the

The recent spate of ransomware payments cannot be the best use of cybersecurity budgets or shareholder capital, nor is it the best use of insurance industry funds. So, why are companies paying and what will it take for them to stop? Why are so many victims paying ransomware demands? In

THE agricultural sector is rapidly increasing its use of technology but falling behind in cyber security – making it the perfect target for cyber-attacks, experts warn. The ransomware attack that forced the week-long closure of JBS’ Australian operations last month was not a one-off event, but the latest escalation in

Cybercriminals continue to be a menace to organizations all over the world, and having adequate cybersecurity measures is now becoming a priority for businesses around the world. However, managing cybersecurity can be a struggle for most businesses —but managed security services (MSS) are changing this. While larger enterprises can afford