Tag: Ransomware

The shocking MOVEit data breach has left global businesses reeling and exposed the hard truth of our digital era - cyber threats are an inescapable reality. The enormity of the breach's impact, and the sensitive nature of the data now in the hands of hackers, has served as a sobering reminder of the catastrophic implications of cyber attacks and the spiralling chaos they can induce in the corporate world.

Cyber risk is showing no signs of stopping and the reliance on cloud-based systems makes potential ripple effects vast. It is crucial for the global insurance industry to efficiently measure cyber risk.

As hack attacks continue to be a major concern for businesses, almost 80% of companies have added cyber insurance to their policies, according to new research.

COVID-19 has plunged financial markets into chaos, but the pandemic also represents both challenges and opportunities for FinTech companies as they adjust to a whole new reality.

Corvus Insurance, which helps commercial insurance brokers and policyholders better mitigate risk, has released its new Ransomware Business Interruption (BI) Calculator.