BPO Cyber Insurance: Mitigating Risks Business Process Outsourcing (BPO) involves outsourcing services or activities to third-party vendors. It’s gaining popularity as organizations seek cost-effective ways to improve service delivery. Although these processes offer flexibility and scalability, they also bring challenges around digital security and data privacy. Addressing Cyber Risks in BPOs with Cyber Insurance provides […]
Cyber Risk
Cyber Insurance for BPOs: Protecting Client Data and Confidentiality
Outsourcing business tasks and operations to third parties is a trending strategy of many small and big companies for growth. BPO (Business Process Outsourcing) is a rapidly growing industry with a global market size of $339.3 billion in 2023. Revenue of the BPO industry in India is expected to grow at a compounded annual rate […]
Securing Patient Data: The Role of Cyber Liability Insurance in the Healthcare Sector
Introduction: Cyber Insurance helping secure patient data Patient data safety is crucial in healthcare. In fact, medical information is highly sensitive and personal. Patient records contain valuable personal details, including names, addresses, and Social Security numbers, which can be exploited if accessed by unauthorised individuals. Therefore, the role of Cyber Insurance in securing patient data […]
Cyber Liability Insurance for Indian E-commerce Startups: Safeguarding Against Data Breaches
Cybersecurity threats in the e-commerce industry are increasing over the years. As per the research, almost 50% of e-commerce startups/companies report cyber threats of some sort. These companies handle a significant amount of customer data, including personal and financial information. Protecting this data is crucial for Cyber Insurance protection for Indian e-commerce startups. They have […]
The Specific Cyber-Security Risks Present in Modern Marine Insurance and Protection Against Them
Today the marine industry sector is progressively susceptible to digitalization, operational integration and automation. Given that approximately 90% of the traded goods are transported by the international shipping industry, the safety of shipping vessels is critical to the global economy. In this digital era, the increased importance of IT infrastructure and electronics leads to the […]
Cover for Cyber Extortion and Ransomware under Cyber Insurance
In today’s interconnected global landscape, businesses face a rising and ever-present danger in the form of cyber threats. Among these threats, cyber extortion and ransomware attacks stand out as particularly damaging, with the potential to inflict severe financial losses and harm a company’s reputation. In order to combat these cyber risks, businesses are turning to […]
Are Phishing and Spoofing covered under Cyber Insurance?
Personal Cyber Insurance Policy In today’s technologically advanced era, individuals face a growing risk of cyber threats, such as phishing and spoofing attacks. As these malicious activities continue to develop, individuals are proactively seeking to safeguard measures through personal cyber insurance policies. This article explores whether phishing and spoofing incidents are covered under cyber insurance […]
Video- Cyber Insurance Webinar
Webinar on the Importance of Cyber Insurance (SecureNow)
Cyber Insurance: Importance of cyber insurance for start-ups
While cyber crime has been a constant threat over the past decade, with advanced technology the perils are deeper with severe implications. Cyber-attacks affect all categories of web users including consumers, corporates, and enterprise giants; however, small businesses are more vulnerable and are more likely to be under a cyber-attack. They are a treasure trove […]
What is a fiduciary insurance policy?
If a company sponsors a retirement or health plan for its employees, then the person involved anyway with the management of that plan, is considered a fiduciary. A fiduciary is held personally liable for a breach of his fiduciary duties. For many businesses, offering an employee benefit plan is a way to retain and retain […]