Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Risk

6/18/2020
01:45 PM
50%
50%

60% of Businesses Plan to Spend More on Cyber Insurance

New data reveals 65% of SMEs plan to invest more in cyber insurance, compared with 58% of large enterprises.

Organizations of all sizes plan to invest more in cyber insurance in the coming years, but small and midsize enterprises (SMEs) are allocating more of their budgets compared with large companies.

A new survey of 1,009 businesses revealed 65% of SMEs plan to spend more on cyber insurance in the next two years, compared with 58% of large enterprises. More than 70% of SMEs have a coverage limit lower than $1 million and less than the total cost of expenses and loss related to a cyberattack they have experienced in the past or expect to face in the future. 

The research revealed approaches to cyber insurance vary across industries. Life sciences, healthcare, retail, hospitality, and telecom are undercovered and have the biggest gap between their coverage limits and expected losses. On average, 45% of businesses of all sizes think it's likely they will experience a breach over the next year.

Read more details here.

 
 
 
 
Learn from industry experts in a setting that is conducive to interaction and conversation about how to prepare for that "really bad day" in cybersecurity. Click for more information and to register for this On-Demand event. 
Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio
 

Recommended Reading:

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
COVID-19: Latest Security News & Commentary
Dark Reading Staff 8/10/2020
Pen Testers Who Got Arrested Doing Their Jobs Tell All
Kelly Jackson Higgins, Executive Editor at Dark Reading,  8/5/2020
Researcher Finds New Office Macro Attacks for MacOS
Curtis Franklin Jr., Senior Editor at Dark Reading,  8/7/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Current Issue
Special Report: Computing's New Normal, a Dark Reading Perspective
This special report examines how IT security organizations have adapted to the "new normal" of computing and what the long-term effects will be. Read it and get a unique set of perspectives on issues ranging from new threats & vulnerabilities as a result of remote working to how enterprise security strategy will be affected long term.
Flash Poll
The Changing Face of Threat Intelligence
The Changing Face of Threat Intelligence
This special report takes a look at how enterprises are using threat intelligence, as well as emerging best practices for integrating threat intel into security operations and incident response. Download it today!
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-13295
PUBLISHED: 2020-08-10
For GitLab Runner before 13.0.12, 13.1.6, 13.2.3, by replacing dockerd with a malicious server, the Shared Runner is susceptible to SSRF.
CVE-2020-6070
PUBLISHED: 2020-08-10
An exploitable code execution vulnerability exists in the file system checking functionality of fsck.f2fs 1.12.0. A specially crafted f2fs file can cause a logic flaw and out-of-bounds heap operations, resulting in code execution. An attacker can provide a malicious file to trigger this vulnerabilit...
CVE-2020-6145
PUBLISHED: 2020-08-10
An SQL injection vulnerability exists in the frappe.desk.reportview.get functionality of ERPNext 11.1.38. A specially crafted HTTP request can cause an SQL injection. An attacker can make an authenticated HTTP request to trigger this vulnerability.
CVE-2020-8224
PUBLISHED: 2020-08-10
A code injection in Nextcloud Desktop Client 2.6.4 allowed to load arbitrary code when placing a malicious OpenSSL config into a fixed directory.
CVE-2020-8229
PUBLISHED: 2020-08-10
A memory leak in the OCUtil.dll library used by Nextcloud Desktop Client 2.6.4 can lead to a DoS against the host system.