Compass IT Compliance Blog / Cybersecurity Insurance

Your Guide To Cyber Liability Insurance

A maroon sedan is wrecked in an accident

Unsafe at Any Speed: The Designed-In Dangers of the American Automobile is a non-fiction book by consumer advocate Ralph Nader, first published in 1965. Its central theme is that car manufacturers resisted the introduction of safety features (such as seat belts) and that they were gen …

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A True Story and Yet Another Cyberattack Victim

A man types in his pin at an ATM

Cybercriminals can act alone, but increasingly we are witnessing cyber gangs (who operate like a small business and are also often referred to as ransomware gangs), with leaders, developers, system administrators, intrusion experts, data exfiltration experts, and monetary experts work …

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Cyberattacks on the Rise – Everyone Pays the Price!

Cyberattacks on the Rise – Everyone Pays the Price!

It is no secret that cyberattacks have been rising over the past decade. A 2019 Accenture and Ponemon Institute report found that security breaches increased by 11% since 2018 and 67% since 2014. To meet this rising challenge/opportunity, cyber liability insurance (cyber insurance) ha …

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Cybersecurity Insurance: Think You're Covered?

Cybersecurity Insurance: Think You're Covered?

IT security breaches have become so commonplace in recent years that they barely seem to raise an eyebrow anymore: Target, Bank of America, I.R.S., the list goes on. With that rise, the claims on Cybersecurity Insurance have risen as well.

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