Insurers tighten cyber underwriting as identity risks grow; breach costs hit $4.4M and MFA gaps affect payouts.

Ankit Gupta, business head for cyber insurance at Policybazaar, adds, “A common example is a UPI phishing scam. Victims share OTPs under pressure and lose amounts between Rs 20, ...

Given the prevalence of hacking incidents — before and after the Colonial Pipeline breach — more and more companies are purchasing cyber insurance to manage their risk. But are the pockets of large ...

Cybersecurity is a critical priority for organizations of all types and sizes, from small businesses to large corporations. Cyber threats and attacks are on the rise. Between 2021 and 2023, there was ...

As a former claims handler and fraud investigator, Jason Metz has worked on a multitude of complex and multifaceted claims. The insurance industry can be seemingly opaque, and Jason enjoys breaking ...

Siraj says there is a gradual but notable increase in public interest for cyber insurance in the last two years. — Freepik In recent years, companies including banks, insurers, and digital financial ...

Walt Powell is the lead field CISO at CDW, specializing in providing executive guidance related to risk, governance, compliance and IT security strategies. Despite improving their resilience to ...

Cyber insurance is increasingly becoming a compulsory element in business relationships. Knowing what coverage meets a company’s specific needs can provide better protection. With an ever-increasing ...

Managing general agents (MGAs) underwrite and administer insurance policies on behalf of insurance companies. Just as a broker serves as an intermediary between the buyer and the insurer, the MGA acts ...

To join the CNBC Technology Executive Council, go to cnbccouncils.com/tec Costly data breaches, ransomware, and other security attacks are making for pricier cyber ...

In today’s fast-moving digital world, cashless payments and online banking have become a daily habit for millions. From mobile banking apps to UPI transfers and card payments, financial transactions ...

Today, every shop, every bill, and every purchase is made online. UPI, net banking, and card payments have made life easier.