Remove 2021 Remove Authentication Remove Insurance
article thumbnail

Do You Need Cybersecurity Insurance?

LAN Infotech

Do You Need Cybersecurity Insurance and Do You Qualify for It? Statistics show that businesses lost over $6 trillion in 2021. It will also be challenging for businesses without insurance coverage because they will incur more losses that stall their growth and continuity. What is Cybersecurity Insurance?

Insurance 119
article thumbnail

Changes Continue in Cyber Insurance

Pure Storage

Changes Continue in Cyber Insurance by Pure Storage Blog An ounce of prevention is worth a pound of cure certainly applies to physical health. Prevention begins with having a robust cybersecurity plan in place, along with sufficient insurance to manage risk. In 2010, cyber insurance premiums totaled a mere $600,000.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

RIMS ERM Conference 2021: A Case-Study Approach to “Solve Any DEI Issue in One Hour”

Risk Management Monitor

In one of the afternoon’s sessions, “Identify and Solve Any Organizational DEI Issue In One Hour,” presenter Layne Kertamus, professional in residence of risk management and insurance at Utah Valley University, explored “new ways to talk about what needs to be said, and what needs to be listened to.”.

article thumbnail

What Is Cyber Extortion? Tips for Securing Your Data

Pure Storage

The Colonial Pipeline ransomware attack in 2021 forced the shutdown of a major U.S. Also, cyber insurance premiums have risen dramatically as insurers face increasing claims, further straining budgets. Lack of multi-factor authentication (MFA): Systems without MFA are more vulnerable to unauthorized logins.

article thumbnail

3 Real-Life Cybersecurity Incidents… and What They Can Teach You

NexusTek

Incident 1: Malicious Web Browser Update A large insurance company with a nationwide presence was the victim of a ransomware attack that began with a social engineering scheme. In late 2021, the company’s employees found that they could not access digital files as usual—the result of a malware infection.

article thumbnail

3 Real-Life Cybersecurity Incidents… and What They Can Teach You

NexusTek

Incident 1: Malicious Web Browser Update A large insurance company with a nationwide presence was the victim of a ransomware attack that began with a social engineering scheme. In late 2021, the company’s employees found that they could not access digital files as usual—the result of a malware infection.

article thumbnail

Do Cyber Risks Lurk in Your Business Ecosystem?

NexusTek

Experts recommend the following: Multifactor authentication (MFA): This requires at least two forms of identity verification for login, which effectively stymies unauthorized logins using compromised credentials. 2021, May 4). 2021, May 7). Conduct risk assessment to verify third party’s security practices. link] Security.