The Source for Cyber Insurance News, Insights and Data
Mark Sauter We’ve reported extensively about the impact of GenAI on the cyber insurance industry, from its use by hackers to predictions it will “revolutionize” the industry. Information Week has some interesting observations from Nathan Smolenski of cybersecurity provider Netskope. A couple: Underwriters need to defend against “Data/AI model poisoning: …The GenAI models themselves must also be … Read more
As noted in our earlier post, Woodruff Sawyer, the large American brokerage and consultancy, is out with an excellent new report: “Looking Ahead: Cyber Liability Insurance Concerns in 2024.” We thought their info graphic on how underwriters are looking at 2024 was worth a special call out.
The predictions come in the tech giant’s report “Cybersecurity Forecast 2024: Insights for Future Planning.” The report is a fascinating read for anyone involved in the cyber security arena — we were struck by the section on “Pig Butchering* scams,” among others — but more to point are the comments on cyber liability insurance. “Cyber … Read more
The specialist insurer has announced the closing of PoleStar Re Ltd, the Series 2024-1 Class A notes “designed to cover remote probability catastrophic and systemic events. Structured on an indemnity trigger and per-occurrence basis, the bond runs for a two-year term through to the end of 2025.” Capital from ILS (insurance-linked securities) will be increasingly … Read more
The HHS 405(d) Program (see below) is an industry group supported by the U.S. Department of Health and Human Services (HHS) that is attempting to improve cyber security in the health industry. See examples of its resources and projects here. (We’ve reported numerous stories on cyber insurance for healthcare organizations and hospitals.) The HHS program … Read more