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Small businesses are often targets of hackers because they have fewer resources in the event of a cyberattack, or that's the common misconception.
The dozen industries with the priciest cyber insurance run on transactional information.
Cyber insurance rates increased around 20% for midsize and large companies, while small businesses saw rate growth of 7%.
The increase follows a period that saw rates fall year-on-year while cyber risks ratcheted up.
Merck was stunned when most of its insurers denied cyber coverage. Why? Because its policies excluded another risk: an act of war.
Most of the losses expected in a substantial cyber security event are not typically covered by insurance policies, FM Global found.
Two new bills will deliver more data breach enforcement, stronger consumer data protections and an international reach.
Data breaches happen fast. Here's a look at what happens next, and where cyber liability insurance can provide assistance.
Many businesses remain unconvinced of the need to purchase cyber liability coverage.
The cyber liability insurance market presents opportunities as well as potential hazards for insurers.
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