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More on Woodruff Sawyer’s 2024 cyber report. #cyberinsurance

Our cyber coverage practice is getting noticeably busier, and there is no doubt that this will form the basis of some interesting litigation in the near future. The relevance of the evolving body of business interruption case law is obvious, but with a current dearth of authorities on cyber coverage per se, it is not hard to see the direction of travel. Stewarts Policyholder Disputes partner Chloe Derrick comments below on the coverage implications of the latest attack on Southern Water. #cyberinsurance #businessinterruption #policyholders #coverage

🛡️💻 Delighted to share a must-read from Ed McNamara, CEO at Armada Risk Partners. Dive into this comprehensive guide for safeguarding ports against cyber threats! 🔗 Explore the article here: https://lnkd.in/eV8jNJ9i #portsecurity #cyberinsurance #maritimesafety #cybersecuritytips #cyberattack #maritimeindustry

The cyber threat landscape continues to evolve, prompting firms to strengthen their defenses. Clyde & Co has appointed five new special counsels in Australia, including three in the cyber practice led by John Moran, reflecting the increasing scale and severity of cyberattacks Read more about the proactive measures being taken to address this growing challenge. https://hubs.la/Q02zl-r-0

Curious how Cyber Liability has come to the aid of many businesses in the wake of the Crowd-Strike outages from last week? See below 👇🏼 What used to be a niche or specialty product, Cyber Liabilty has become pivotal to protect businesses in recent years as ransom and other cyber attacks have increased. What are you doing to protect your business? 🔐 #cyber #crowdstrike

With the continued media coverage on cyber attacks, there is still surprising resistance from some organizations on taking preventative action. Check out some thoughts from our CEO, Dustin McClone on why this should be on your list of upcoming business initiatives. #cybereducation #prevention #notjustimpactingthebigguys

🔐 Cybersecurity Alert 🔐 Recent research by the insurance provider, Aviva shows that cyberattacks are 5x more likely than fires to impact businesses. Protecting our digital infrastructure is crucial in today's landscape. Check out this insightful article by Beth Maundrill shedding light on the growing importance of cybersecurity in safeguarding businesses: https://lnkd.in/etkTCH82 Stay informed, stay secure! 💻🛡️ #Cybersecurity #BusinessProtection #InfoSec

In an effort to right-size the market, cyber insurers are rigorously evaluating by their cyber risk profile. But what are those profiles, how are they evaluated, and how can organizations improve theirs to ensure access to the best policies and premiums? https://ow.ly/Z2bm50QORMZ #EndCyberRisk

Great read from Arctic Wolf - a company we are proud to partner with in the Caribbean and LATAM. Don't Let cyber breaches drain your finances, invest in cyber loss controls, get ahead of the problem. Cybersecurity breaches aren't just a technical problem, they're a massive financial risk. In today's digital world, insurers are scrutinizing companies' cybersecurity practices more closely than ever. A major breach can tarnish your reputation, leading to lost business and making it harder (and more expensive) to obtain insurance in the future. Proactive cyber loss controls demonstrate to insurers that you're serious about security. This translates directly into better coverage options and potentially even lower premiums. Need help assessing your cyber risk profile? Let's connect! #cybersecurity #caribbean #LATAM #technology #womenintech #WITONE #arcticwolf

A history of cyber incidents or weak security measures can cause your organization's insurance premiums to soar or even make you uninsurable. Insurers may limit the scope of coverage or impose more stringent requirements if your cyber risk profile is deemed too high. Get ahead of the problem, don't let a lack of cybersecurity awareness eat at your profits. #cybersecurity #technology #WITONE #arcticwolf