Remove Insurance Remove Technology Remove Vulnerability
article thumbnail

The Crucial Role of Data Forensics in Post-cyberattack Recovery

Pure Storage

Data forensics helps uncover how the attack happened, who was behind it, what data and systems were affected, what vulnerabilities were exploited, and how you can prevent being attacked again. Processing insurance claims : If you have cyber insurance , the insurance company may want to investigate the attack.

Insurance 104
article thumbnail

Do You Need Cybersecurity Insurance?

LAN Infotech

Do You Need Cybersecurity Insurance and Do You Qualify for It? This means businesses will be more vulnerable, especially those who do not take critical measures to mitigate cybercrimes. It will also be challenging for businesses without insurance coverage because they will incur more losses that stall their growth and continuity.

Insurance 119
Insiders

Sign Up for our Newsletter

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

article thumbnail

Cyber Insurance in Fort Lauderdale: How to Protect Your Business

LAN Infotech

Cyber Insurance in Fort Lauderdale: How to Protect Your Business. As the threat of cybercrime grows, so does the need for cyber insurance. Cyber insurance can help protect your business from the financial damages of a cyberattack. One way businesses can protect themselves is by purchasing cyber insurance. ?.

article thumbnail

What Is Cyber Extortion? Tips for Securing Your Data

Pure Storage

Data breaches often exploit vulnerabilities in software, weak passwords, or insider threats to gain access to critical systems and exfiltrate data. Cybercriminals exploit vulnerabilities in outdated systems or through advanced persistent threats (APTs). To fix these vulnerabilities: 1. Businesses sometimes spend upwards of $1.4

article thumbnail

Managing Third-Party Risk in Healthcare Supply Chains

Reciprocity

Manual vendor management creates critical vulnerabilities through fragmented documentation and inconsistent security assessments. This includes regular security assessments, vulnerability scanning every six months, and annual penetration testing. Legal expenses from patient lawsuits and class-action litigation can persist for years.

article thumbnail

The Risk of Overlooking Vehicle and Vendor Management

Security Industry Association

This fact alone highlights a critical vulnerability in how facilities are secured and managed. In addition, though, depending on who is involved, an organization could also face lawsuits, legal fees and insurance claims. As technology advances, so do the methods used by those looking to exploit vulnerabilities.

article thumbnail

RIMS TechRisk/RiskTech: Using Cyberrisk Analytics to Improve Your Cyber Insurance Program

Risk Management Monitor

As ransomware continues to spread and payment costs increase, cyber insurance rates have gone up exponentially. As a result, it is more important than ever for companies to understand their cyber vulnerabilities and exposures so they can ensure they are properly covered. One way to do this is through analytics.