As cyberattacks continue to rise, businesses have implemented more robust risk controls, resulting in reduced insurance costs. In 2024, cyber insurance premiums dropped, following a similar trend from the previous year, despite ransomware attacks increasing by 218% in 2023. Fewer businesses are paying ransoms, and companies have better backup systems and employee training to mitigate risks. However, cyber insurers are introducing new exclusions, including war risks, regulatory risks, and wrongful data collection, which could limit coverage for specific incidents. Learn more in our blog: https://lnkd.in/gj8MJprH #cyberattacks #cybersecurity #cyberinsurance #cyberrisks #cyberprotection #insurance #businessinsurance #riskmanagement #blogpost #cannabisconnectinsurance #acrisure #acrisurepartner
Cannabis Connect Insurance, an Acrisure Partner’s Post
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Nearly 50% of UK businesses reported cyber attacks in the past year, with larger organisations facing higher frequency and greater recovery costs*. As technology evolves, so do the risks. Ensure your cyber liability insurance scales with your business growth. We're committed to helping you assess your needs and secure the right coverage to safeguard your operations from emerging threats. Find out more - https://lnkd.in/es7tr4sn *Source: Cyber Breaches Survey April 2024 #CyberSecurity #BusinessProtection #RiskManagement #CyberInsurance #DataProtection #CyberRisk #CyberLiability #InsuranceBroker
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They say honesty is the best policy, and we couldn't agree more. When it comes to your business, it's crucial to always act honestly and ethically, especially when applying for cyber insurance. To protect yourself and your company, provide accurate and detailed information about your cybersecurity methods, risk management practices, and any past incidents or breaches. Ready to keep your company ethically sound and protect with purpose? Optimize your cyber insurance coverage today. https://lnkd.in/ghzMPQH6 #cybersecurity #nzbusiness #InsuranceOptimization #ProtectWithPurpose #BusinessIntegrity #cyberinsurance
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Cyber threats don’t take a summer break! 👾 During summer, many businesses operate with fewer staff, increasing vulnerability to cyber attacks. Every piece of unguarded data, from website content to customer records, could be at risk. Can you afford to let your guard down? Understand and minimise potential cyber exposures with the right cyber-liability coverage. Learn more about protecting your business with Cyber Liability Insurance - https://lnkd.in/eSbXDgDb #CyberSecurity #CyberRisk #DataProtection #BusinessRisk #CyberLiability #Insurance #InsuranceBroker
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Protect your organization from the financial and reputational risks of cyber incidents with a comprehensive cyber insurance policy. From covering first-party costs to defending against third-party claims, cyber insurance provides the necessary support when you need it most. Don't let cyber incidents disrupt your business - invest in proactive incident management to minimize their impact. Learn more here: https://lnkd.in/d3FtTHpG #CyberInsurance #IncidentManagement #CyberSecurity
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Executive Vice President - Finpro Marsh India handling Cyber, Crime, D&O, E&O, CGL, IPO, KNR Insurance etc.
The path to design comprehensive cyber insurance policy to be addressed according to the industry in which client is operating and exposure analysis is required to have a right cover. Marsh McLennan
Protect your organization from the financial and reputational risks of cyber incidents with a comprehensive cyber insurance policy. From covering first-party costs to defending against third-party claims, cyber insurance provides the necessary support when you need it most. Don't let cyber incidents disrupt your business - invest in proactive incident management to minimize their impact. Learn more here: https://lnkd.in/d3FtTHpG #CyberInsurance #IncidentManagement #CyberSecurity
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Key Cyber Insurance Stakeholders Urge Government to Help Close $900B in Uncovered Risk Marsh McLennan and Zurich Insurance Group have issued a white paper calling for a public-private partnership to address the $900 billion coverage gap in cyber insurance. This gap leaves businesses vulnerable to growing cyber threats and poses risks to the broader economy. With the increasing complexity of cyberattacks, more collaboration is needed to safeguard organizations. At Delfence, we offer comprehensive Vulnerability Management services to help organizations mitigate risks before they escalate. Stay protected and secure with Delfence. 🛡️🔒 #CyberSecurity #CyberInsurance #VulnerabilityManagement #Delfence #RiskManagement
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Cyber-Savvy Financial Empowerment Strategist | Transforming Dreams into Reality with Expert Risk Management Solutions & Entrepreneurial Ingenuity
Incident Response Planning??? "Prepare for Incident Response with Cyber Insurance! 🔒" Did you know that cyber insurance policies may include coverage for cyber incident response expenses, providing financial support for incident investigation, containment, and recovery efforts? #CyberInsurance #CyberSecurity #DataProtection #RansomwareProtection #BusinessSecurity #InfoSec #RiskManagement #DataBreach #informationsecurity #cybersecurity #PrivacyProtection #CyberRisk #CyberAwareness #SecuritySolutions #CyberAttack #DigitalSecurity #CyberInsuranceCoverage #corporatebanking #CISO #corporateleadership #CFO Wayne Harris Chuck SeguinRichard B. Kitney MBA, CMC Ted E. Evans Roland Lowe
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As cyber threats continue to evolve and pose significant risks to businesses, the demand for cyber insurance is on the rise. Insurers are expanding their cyber insurance offerings to provide comprehensive coverage against data breaches, ransomware attacks, and other cyber incidents, addressing the growing needs of businesses in the digital age. . . . #RamseyTrusted #FinancialPeace #TheIntelligentChoice #DaveRamsey #IntelliChoice #Insurance
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Important information!
🌐 New Blog Post Alert! 🌐 Is your business prepared to meet regulatory requirements? Our latest blog post delves into how cyber insurance and compliance can safeguard your business. Learn how to navigate the complexities of regulatory standards and protect your operations from cyber threats. 👉 Read the full post here: https://lnkd.in/dmQ9gucY In this post, we cover: - The importance of cyber insurance - Key regulatory requirements for businesses - How compliance can enhance your cybersecurity posture - Practical steps to align your IT infrastructure with regulatory standards Stay ahead of the curve and ensure your business is both compliant and secure. Whether you're a small business owner or a decision-maker in a larger corporation, these insights are essential for protecting your assets and maintaining customer trust. 📧 Contact us for a free consultation today: Email: Hello@dragonflymsp.net 📞 Phone: 888 498-2019 🌐 Web: www.dragonflymsp.net
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