Insurance Experts Say Adequate Cyber Cover Is Now Available.

Uploaded on 2015-04-16 in NEWS-Cybersecurity News, FREE TO VIEW, BUSINESS-Services-Financial

Cyber insurance is becoming broader and more affordable, although it's worth shopping around for the policy that best meets an organisation's individual needs, according to a panel of industry experts speaking during a webinar organised by Advisen.
There has never been a better time to buy cyber insurance, according to David Derigiotis, Head of Professional Liability at broker Burns & Wilcox. He has seen cyber insurance coverage in the US continue to broaden and prices reduce.
There are now more insurers offering specialist cyber insurance, with many providing 'very adequate' first and third party cover, he explained. It is also possible to obtain full limits for regulatory fines and separate limits for business interruption and systems restoration, he added.

While Fortune 500 companies will find capacity is 'tight' and 'extremely challenging', most buyers should be able to find the cover and limits they need, according to Mr. Derigiotis. "You just need to know where to look," he said, adding that London is currently the lead market for cyber insurance in terms of pricing and coverage.
Commercial Risk Europe: http://bit.ly/1FWv9c1

« French Media’s Emergency Meeting After Isis Hack

Cybercrime More Profitable Than Drug Trading »

CyberSecurity Jobsite

Perimeter 81

Real Attacks. Real Tools. Real Scenarios.
Schedule a demo

Training that transforms behaviours

Sign Up: Cyber Security Intelligence Newsletter

Directory of Suppliers

BackupVault

BackupVault is a leading provider of automatic cloud backup and critical data protection against ransomware, insider attacks and hackers for businesses and organisations worldwide.

The PC Support Group

A partnership with The PC Support Group delivers improved productivity, reduced costs and protects your business through exceptional IT, telecoms and cybersecurity services.

IT Governance

IT Governance is a leading global provider of information security solutions. Download our free guide and find out how ISO 27001 can help protect your organisation's information.

XYPRO Technology

XYPRO is the market leader in HPE Non-Stop Security, Risk Management and Compliance.

FlashRouters

FlashRouters offers DD-WRT compatible router models with improved performance, privacy/security options, and advanced functionality.

Information Security Research Group - University of South Wales

The Information Security Research Group has an international reputation in the areas of network security, computer forensics and threat analysis.

InteliSecure

InteliSecure offer Professional Services, Security Assessments and Managed Services for data and threat protection.

Preempt Security

The Preempt Platform delivers adaptive threat prevention that continuously preempts threats based on identity, behavior and risk.

Axence

Axence provides professional solutions for the comprehensive management of IT infrastructure for companies and institutions all over the world.

Araxxe

Araxxe delivers Revenue Assurance, End-to-End Billing Verification and Interconnect Fraud Detection solutions to communication companies worldwide.

Aspisec

Aspisec is a cybersecurity company specialized in Firmware Security and Critical Infrastructure Protection.

CUJO AI

CUJO AI is the global leader in the development and application of artificial intelligence to improve the security, control and privacy of connected devices in homes and businesses.

Cyolo

Cyolo’s Secure Access Service Edge (SASE) platform securely connects onsite and remote users to authorized assets, in the organizational network, cloud or IoT environments and even offline networks.

Hudson Cybertec

Hudson Cybertec are an internationally recognized Subject Matter Expert for cyber security in the Industrial Automation & Control Systems (IACS) domain.

Motorola Solutions

Motorola Solutions build mission-critical services, software, video and analytics, backed by secure, resilient land mobile radio communications.

Core Sentinel

Australia's #1 Penetration Testing Service. Make Your Systems Fully Compliant With Our OSCE CREST/CISA Certified Penetration Testing.

Security Risk Management (SRM)

SRM provide a comprehensive security risk management service encompassing people, processes, technology, governance, compliance and risk management.

Symptai Consulting

Symptai Consulting is a leading Cyber Security, Digital Transformation and Anti-Money Laundering firm serving the Caribbean and the wider world.

Enzen

Enzen is a global knowledge practice that provides consulting, technology, engineering, operating and innovation services to the energy and utility sectors.

Cyber1

CYBER1 is a leader in cyber security advisory and solutions. We are uniquely placed to help customers achieve cyber resilience and thus, safeguard reputation and value.

Cyber Castellum

Cyber Castellum is a cybersecurity consulting firm that specializes in the identification of security vulnerabilities in an organization’s technology landscape.