Cyber

Uninsurability of certain risks has been happening more frequently over the decades -- and cyber risks look like they may not be insurable.

In the face of intensifying threats, policyholders, brokers and insurers are working together to find solutions that benefit everyone involved.

Collective action will shield all organizations from infection and mitigate the damage of ransomware on the global economic landscape.

By preparing agents to be the first line of defense against cybercrime, insurance agencies can change employees from risks to guardians.

As with the hostage-taking crisis of the 1970s, insurers are uniquely positioned to play a leadership role and de-escalate ransomware.

While a singular data breach may not have an immediate effect on the consumer, each one chips away at the security of their identity.

The good news is individuals can protect themselves by changing passwords regularly, keeping software up-to-date and using a private VPN.

A ransomware attack can sink a company. The average ransom cost is now $154,108, and the average downtime caused is 21 days.