Coalition, Inc.’s Post

Howden’s 2024 Cyber Report: Navigating a Complex Threat Landscape Read it: https://lnkd.in/ePU4mMKz #cyberinsurance #cybersecurity #ransomware

There is going to be increased emphasis on supply chain cyber resilience in SAAS providers - DR is no longer sufficient, we have solutions for this and have been working with some forward thinking providers concerned about reputational damage - if you have similar concerns talk to us

Interesting stats if you follow cybersecurity. According to a recent report from cyber insurance provider Coalition, ransomware severity skyrocketed 68% in the first half of 2024 to an average loss of roughly $353,000. If you do not have cyber insurance, or want a better rate, PM me and I will connect you with a broker we work with to help reduce their customers insurance costs. https://lnkd.in/gk-Ama9D

The CrowdStrike outage underscores your need, as a Cyber Insurance broker, to have discussions with your clients about safely and effectively navigating today’s digital security landscape. ProWriters can help. Read more: https://hubs.li/Q02ZC14L0

According to a Reuters report, ransomware generated over $1 billon USD in 2023 alone.  In 2022, it was "just" 567 million USD. These numbers will continue to grow because it has become so much easier to attack organizations. There's even Ransomeware-as-a-service available. Crazy world. When there's money to make, more and more (attackers) will show up. So how can you protect your organization from such threats? It's hard work to develop resilient cyber security practices. Some decision-makers think that cybersecurity insurance would be a faster way. However, these policies have now become very expensive. After all, the risks are very high. Naturally, the insurers charge accordingly. And they also demand robust cybersecurity mechanisms. So, back to hard work... The basis of any good cyber resilience is an immutable and independent backup. This ensures that company data is actually available if the worst comes to the worst. And that reduces the insurance policy cost. Remember - #nobackupnomercy https://lnkd.in/gRQUxYs2

#CyberMonday: Cybersecurity Insights: DDoS Attacks and Election Security https://bit.ly/46RjduQ #electionsecurity #cybersecurity #ddos #cyberinsurance #isthisapredictionofwhatstocome

Return on audit investment can sometimes feel nebulous or difficult to quantify. Here is a concrete example of how HITRUST certification can provide tangible financial savings on cyber insurance. Reach out if you're interested in learning more about HITRUST.

Today's Topic What is the best solution to cyber extortion ❓ Survey data tells you that paying a ransom doesn’t keep your network safe. #ransomware #Ransom #cyberattack #cybersecurity #techtips #TuesdayTips

🚨 Wake-Up Call: The CrowdStrike Outage Exposes a $B-Sized Hole in Cyber Insurance! 💸 1. 🌐 CrowdStrike, a major cybersecurity player, experienced an outage 2. 💼 Businesses are claiming BILLIONS in losses 3. 🎭 Plot twist: Many aren't adequately covered by their cyber insurance! Let's talk about the elephant in the room: INADEQUATE COVERAGE 🐘 Why are so many businesses caught in this situation? 👖 • Outdated policies not keeping up with tech evolution • Underestimating the true cost of downtime • Overlooking the ripple effect on supply chains and partners The hard truth? In 2024, standard cyber insurance is like bringing a knife to a gunfight. ⚔️🔫 🔑 Key Takeaway: It's time for a major overhaul in how we approach cyber risk and insurance. The stakes are too high for "business as usual." 👇 Drop a comment: How's your company handling cyber insurance? Are you confident you're fully covered for the next big outage? #CyberSecurity #BusinessContinuity #InsuranceTech #DigitalResilience #TechRisk

Every mid-market business needs a solid cyber security foundation. Getting the basics right is the first step to protecting your business. In our latest article, we cover the key steps you need to secure your company: https://okt.to/s8wSo1