Read about the latest cybersecurity news and get advice on third-party vendor risk management, reporting cybersecurity to the Board, managing cyber risks, benchmarking security performance, and more.
Insights blog.
Read about the latest cybersecurity news and get advice on third-party vendor risk management, reporting cybersecurity to the Board, managing cyber risks, benchmarking security performance, and more.
Bitsight and Google collaborate to reveal global cybersecurity performance
Bitsight and Google collaborate to reveal global cybersecurity performance
This joint study between Bitsight and Google arms organizations with actionable insights, providing the current status of global cybersecurity performance by analyzing nearly 100,000 global organizations across 16 cybersecurity controls and nine industries amid heightened stakeholder demands on cybersecurity strategy.
Cyber insurers regularly get requests for new business and increased limits. Insurers need to measure an applicant's cyber hygiene with cyber metrics that are categorically proven to stand out.
How do cyber insurers determine which organizations are going to be a risk worth taking? It’s more important than ever to continue underwriting good and opportunistic risks, while not overcorrecting for the high loss ratios the industry is seeing. Insureds need to answer two questions: what is good cyber hygiene and how do you measure it?
People’s perception of your cyber risk will outweigh its actual performance. And when trust in cybersecurity takes a nosedive, it can make a big dent in your financials. Learn how to prove protection and build trust with three key stakeholder groups.
While many organizations look at cyber insurance as a way to transfer risk and mitigate financial losses, the assessment process used by cyber insurers can help shape your security program for the better.
These 14 cybersecurity analytics can help you make better cyber insurance decisions for underwriters, insurance buyers, and security professionals.
Although Bitsight cannot influence the risk appetite of an insurance company, we can help you understand your cyber hygiene while proving to insurers that you are actively invested in your security posture, which influences the coverage decision.
It’s not hard to justify why you need property insurance when you’re surrounded by your physical goods that you don’t want to be lost or damaged in your home or business. So why isn’t cybersecurity the same?
What is cyber insurance underwriting, how has it evolved, and what you can expect when you apply for cyber insurance.
The SolarWinds breach is already one of the most significant cybersecurity incidents ever. And as with any unprecedented cyber event, this will have long-term effects on the way businesses and government consider their security programs. While many questions remain unanswered, the SolarWinds impact on the insurance sector has become clearer after an analysis we’ve completed with one of our partners. So, what should we expect the financial impact of SolarWinds on cyber insurers? And how can cyber insurers quantify a breach of this scale in the future?
The SolarWinds breach is already one of the most significant cybersecurity incidents ever. And as with any unprecedented cyber event, this will have long-term effects on the way businesses and government consider their security programs. While many questions remain unanswered, the SolarWinds impact on the insurance sector has become clearer after an analysis we’ve completed with one of our partners. So, what should we expect the financial impact of SolarWinds on cyber insurers? And how can cyber insurers quantify a breach of this scale in the future?
This post was originally published July 18, 2016 and has been updated for accuracy and comprehensiveness.
Hardly a day goes by without the emergence of a disturbing new trend in cyber crime or headline-grabbing hack. Hackers are getting smarter and threat vectors are constantly evolving. The escalating threat is forcing businesses to file more cyber insurance claims than ever. But are they taking the proactive steps necessary to boost their security postures and become a better underwriting risk?
In the months since Bitsight’s inaugural EXCHANGE forum inaugural EXCHANGE forum, we have been digesting and processing the incredible sessions and discussions that came about from this forum. It was a great event that brought together security executives from all over to discuss the challenges they face in their roles every day.
Companies typically buy several lines of insurance—from property, to general liability, to professional liability. When something goes wrong, it’s common for a company to run to its insurance provider and claim that it has coverage. But many times, companies like this assume that their insurance will cover them—but this may not always be the case.
Policy pricing is something every insurance company and underwriter struggles with at some point. The primary issue is differentiating between the risk an applicant presents and the information you’re given. Let’s take a closer look at how policy pricing is examined in cybersecurity today.