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cyber insurance

CYBER INSURANCE RATES HIKED

US companies have suffered numerous high-profile attacks in the past couple of years, from Sony Entertainment to Target. Even the government has been victimized more than once, most recently losing credit card data.

It comes as no surprise, then, that insurance companies are raising rates commensurate with the new risk. According to Reuters, insurance companies are not just raising regular rates, but also deductibles, as well as limiting damages to $100 million in some cases.

Survey Roundup: Execs Lack Visibility in IT Security

Oh, Say Can You See?: A survey of 350 C-suite executives by cybersecurity analytics company RedSeal found while 60% of respondents said they could “beyond a reasonable doubt” assure their boards the company was secure, 86% said there were gaps in their ability to see and understand all that was happening inside their networks.

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