The Leading Source for Cybersecurity Insurance News, Insights and Data
We recently told you how a cyber insurance settlement of $30 million boosted Q1-2025 results for Sonic Automative, which was hit by the ransomware attack last year on CDK Global,…
Sonic Automotive Inc., one of America’s largest car dealers, recently reported that its Q1-2025 net income reached $70.6 million, “up 68% year-over-year.” But that increase “includes the effect of a $30.0…
Read More “Cyber Insurance Settlement Boosts Financial Results of Major Auto Dealer” »
Not long ago we reported on the threat from quishing and brushing. Now the IRS and Microsoft are advising consumers and accountancies about cyber scams linked to tax returns, including…
Read More “Tax Day = Cyber Scam Day; Watch Out for “Smishing” and “Phishing-as-a-Service (PhaaS)”” »
“We’ve come a long way in our journey from the first ever cyber cat bonds, which were private, we’ve now got three 144A cat (catastrophe) bonds out there covering the…
Read More “Beazley Doubles Down on Cyber Cat Bonds/ILS for Cyber Insurance” »
“Quishing (QR Code Phishing) (is a) rapidly growing attack vector, increasing from 0.8% of phishing attempts in 2022 to 12.4% in 2024,” reports Intersys, a UK company that provides cyber risk management…
Weeks after New York State announced new cyber regulations, the state’s Attorney General Letitia James has filed suit over breaches suffered by car insurer National General, now owned by Allstate…
Read More “New York State Uses Cyber Regulations to Go After Allstate Company For Repeat Breaches” »
The Securities and Exchange Commission (SEC) has created a new cyber unit, no doubt raising questions for cyber insurers about the potential impact of the changes on their liability, including…
New York’s legislature has announced two new amendments and a clarification to the State’s cyber law involving data breaches, highlighting important changes in cyber regulations, reports the indispensable JD Supra….
Read More “New York State Announces New Cyber Regulations; Exempts Itself” »
Demand for cyber insurance-linked securities (ILS) products should increase and there’s plenty of room for growth given their relatively low volume compared to similar securities linked to natural events, says…
Read More “Cyber Insurance-Linked Securities (ILS) Have Large Growth Potential: Fitch” »
We’ve reported extensively on the SEC cyber disclosure rule that requires public companies to submit 8-K filings when they’re hit with cyber attacks. For some reason, the rule has attracted…
Read More “SEC Cyber Disclosure Rule Criticized in Recent Reports” »