“SEC Cyber Incident Disclosure Report” (Paul Hastings, 12/24)
“Actuaries Managing Cyber Risk” (IFoA, 12/24)
“2024 Report on the State of Cybersecurity in the (European) Union”
“What’s Next in Cyber Insurance” (TAG Cyber Insurance Journal, 11/24)
“A Burgeoning ‘AI-generated’ Market: Insurance Safeguards Against AI Risk” (Deloitte, 9/24)
2023 SEC Rule: Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure
Cyber Insurance: Strengthening Resilience for the Digital Transformation (Swiss Re)
Cyber Insurance: Action Needed to Assess Potential Federal Response to Catastrophic Attacks
A Guide to Successfully Managing Cyber Claims — AON
Cyber Risks In A New Era — Reinsurers Could Unlock The Cyber Insurance Market: S&P
Spotlight on Cyber: A study of Aggregation Risk in the US Property Insurance Market
Business Cyber Insurance is set to be as Essential as Workers’ Compensation Insurance
FACT SHEET: Biden Administration and Private Sector Leaders Announce Ambitious Initiatives to Bolster the Nation’s Cybersecurity (8/25/21); Read it here.
Cyber Insurance Market Set to Grow at a CAGR of 21.4% by 2031: Visiongain Research Inc.
Cyber Insurance: Insurers and Policyholders Face Challenges in an Evolving Market (U.S. GAO 2021): Cyber insurance can help offset the costs of responding to and recovering from cyberattacks. The growing frequency and severity of cyberattacks have led more insurance clients to opt for cyber coverage—up from 26% in 2016 to 47% in 2020. Other key trends in cyber insurance include lower coverage limits in high-risk sectors and rising premiums. Both insurers and clients face challenges.
“Cyber Insurance: A Hard Reset:” Read the report.
Global Cyber Security Insurance Market Size Forecast To Exceed USD 20 Billion By 2025 (Adroit Market Research: 2019) “The global Cyber security insurance market size was USD 3.89 billion in 2017 and is expected to grow to USD 23.07 billion in 2025.”
Cybersecurity Insurance Market (with COVID-19 Impact Analysis) by Component (Solutions (Analytics & Cybersecurity) and Services), Type (Standalone & Packaged), Coverage (Data Breach & Cybersecurity Liability), Organization Size, End User (Technology & Insurance), and Region – Global Forecast to 2025: “The global cybersecurity insurance market size in the post-COVID-19 scenario is projected to grow from USD 7.8 billion in 2020 to USD 20.4 billion by 2025, at a CAGR of 21.2% during the forecast period.”
U.S. Treasury Department warnings about potential regulatory consequences of paying ransomware. FinCEN “Advisory on Ransomware and the Use of the Financial System to Facilitate Ransom Payments:” Read it here. OFAC “Advisory on Potential Sanctions Risks for Facilitating Ransomware Payments:” Read it here.
