How cyber insurance can incentivize cyber security?
In the previous article, we saw how taking a Proactive Approach to Cyber Security is key and how it relates to Cyber Insurance. In this article we will see how cyber insurance can incentivize better cyber security practices amongst policy holders. RUSI (Royal United Services Institute) for Defense and Security Studies published a paper titled “Cyber Insurance […]
Cyber Insurance and Proactive Security: Not an either or proposition.
Earlier last month, CNA Financial reportedly paid a $40 million ransom after a ransomware attack and the CEO of Colonial Pipeline Co. admitted that his firm paid $4.4 million to a criminal gang after a ransomware attack led the company to shut down its 5,500 mile-long pipeline for nearly a week. It’s not clear whether Colonial Pipeline and CNA […]