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
Look Beyond the 'Big 5' in Cyberattacks
Robert Lemos, Contributing Writer,  11/25/2020
Why Vulnerable Code Is Shipped Knowingly
Chris Eng, Chief Research Officer, Veracode,  11/30/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win an Amazon Gift Card! Click Here
Latest Comment: I think the boss is bing watching '70s TV shows again!
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you today!
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-5423
PUBLISHED: 2020-12-02
CAPI (Cloud Controller) versions prior to 1.101.0 are vulnerable to a denial-of-service attack in which an unauthenticated malicious attacker can send specially-crafted YAML files to certain endpoints, causing the YAML parser to consume excessive CPU and RAM.
CVE-2020-29454
PUBLISHED: 2020-12-02
Editors/LogViewerController.cs in Umbraco through 8.9.1 allows a user to visit a logviewer endpoint even if they lack Applications.Settings access.
CVE-2020-7199
PUBLISHED: 2020-12-02
A security vulnerability has been identified in the HPE Edgeline Infrastructure Manager, also known as HPE Edgeline Infrastructure Management Software. The vulnerability could be remotely exploited to bypass remote authentication leading to execution of arbitrary commands, gaining privileged access,...
CVE-2020-14260
PUBLISHED: 2020-12-02
HCL Domino is susceptible to a Buffer Overflow vulnerability in DXL due to improper validation of user input. A successful exploit could enable an attacker to crash Domino or execute attacker-controlled code on the server system.
CVE-2020-14305
PUBLISHED: 2020-12-02
An out-of-bounds memory write flaw was found in how the Linux kernel’s Voice Over IP H.323 connection tracking functionality handled connections on ipv6 port 1720. This flaw allows an unauthenticated remote user to crash the system, causing a denial of service. The highest threat ...