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Cyber Insurance Remains Critical as Ransomware Attacks Rise
Manage episode 465263782 series 2822097
Learn more about navigating cyber threats and insurance with insights from Hunter Maskell, a Director with the CRC / INSUREtrust Cyber Practice Group and Professional Lines Broker Chris Zepeda. Ransomware attacks are making a sophisticated resurgence, matching the concerning levels of 2020 and 2021. Despite strides in incident response, the financial strain from business interruptions and legal battles lingers. While current market conditions may seem buyer-friendly, the looming specter of increasing claims warns of impending premium adjustments. Listen as we dissect the delicate balance between competitive pricing and sustainable risk management, ensuring you're prepared for the challenges ahead. The landscape of cyber insurance is ever-shifting, and understanding coverage nuances with the help of specialists is crucial. This episode is your guide to staying ahead in an era where cyber risks and solutions constantly evolve.
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Chapters
1. Cyber Insurance Remains Critical as Ransomware Attacks Rise (00:00:00)
2. Ransomware attacks are increasingly sophisticated, with double and triple extortion tactics becoming common. What trends are we seeing as we head into 2025? (00:01:09)
3. With that in mind – what are the real-world impacts hitting businesses? (00:03:06)
4. What proactive steps can businesses take to strengthen their defenses? (00:08:14)
5. We hear a lot about human error being a major vulnerability. What can businesses do to guard against it? (00:13:42)
6. How are insurers adjusting to these threats, and what should businesses look for in their cyber policies? (00:18:34)
7. We know cyber policies can be complex. What role do the right wholesale brokers play in helping businesses get the right coverage? (00:21:07)
8. Any final thoughts? (00:24:29)
9. Rapid Fire! (00:27:12)
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