Data security

Tim Francis, enterprise cyber lead at Travelers, spoke with Digital Insurance about cybersecurity and steps businesses can take to reduce potential exposures.

The top five states have an average of 417.59 cybersecurity-related searches per month per 100k residents.

The top five states have an average of 603.94 cybersecurity-related searches per month per 100k residents.

A cyberattack at 12 MGM Resorts became a textbook case for cyber liability insurance.

The transaction is expected to close early next year.

The cost of a data breach has risen 15% over the last 3 years, and ransomware costs have jumped 13% in the last year.

While only 48% of startups believe they are likely to face a data breach or ransomware attack, the actual number affected is much higher.

The insurer detected unusual activity in the network last week.

Consent and preference management systems, catching on with insurance carriers to leverage customer data for marketing, have the potential to balance that with privacy regulation compliance, according to a Madison Advisors report.

Understanding what factors lead insurers to deny claims can help businesses avoid problems that could undermine their coverage.