The Source for Cyber Insurance News, Insights and Data
Lee Nolan, General Manager UK and Ireland for Hitachi Vantara, explains why recovery speed, not breach prevention, defines a company’s true cyber risk. Most business leaders accept that a breach will happen at some point. Well, they should. The real issue is whether their company can survive it. Lee Nolan has over 20 years of … Read more
Imagine you’ve just completed three acquisitions in a year and a half. Now your CFO is asking for a cyber risk management update for the board, but your security team is overwhelmed with manual assessments across many business units. No one can agree on the total exposure. This is exactly the challenge Resilience Arc aims … Read more
Picture your insurer reaching out before a breach happens, not just after. That’s the approach AXA XL is taking. The global specialty insurer has launched a new Prevention Business Unit, its fifth major division. The idea is straightforward: the best claim is the one that never occurs. Libby Benet, AXA XL’s Global Chief Underwriting Officer, … Read more
When businesses get hit by ransomware, they usually face two big problems: the attack itself and then the deductible. Huntress and Acrisure have just taken away one of those headaches. The two companies have launched a new cyber insurance program. Now, eligible Huntress customers and partners can get Cyber or Tech Errors and Omissions policies … Read more
The numbers sit side by side like an indictment. Fifty-nine percent of UK businesses experienced a cyber attack in the last twelve months. Only ten percent hold a specific cyber insurance policy. The British Insurance Brokers’ Association has built something to close this cyber insurance protection gap. At its annual conference, BIBA introduced its Accredited … Read more