Crisis simulations are becoming essential for cybersecurity preparedness. These exercises help companies evaluate and enhance their defenses against cyber threats by testing their incident response capabilities in simulated attacks. Simulations range from tabletop exercises, which involves stakeholders discussing responses to presented crisis scenarios, to red-team penetration tests, where companies engage ethical hackers to identify vulnerabilities. A bug bounty program, where hackers receive incentives for exposing vulnerabilities, can also serve as a form of crisis simulation.
“An Expensive Problem”: Cracking the Cyber Insurance Conundrum
Rampant ransomware attacks have hit the healthcare industry, with incidents increasing by more than 600%, costing an average of $10 million per breach. This has
