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“The increase in successful ransomware attacks is part of an increasingly challenging broader threat environment which has affected healthcare more than any other sector. Healthcare saw the highest increase in…
Read More “2/3s of Healthcare Organizations Hit By Ransomware in 2021: Sophos” »
“But after two years of premium increases, it appears rates are starting to moderate, contributing to the sense of cautious optimism about the future of cyber coverage. Attritional losses seem…
Read More “Cyber Insurance Market Stabilizing As Growth in Premiums Moderates: Marsh ” »
“Through the partnership, Allianz’s products and distribution network provide long-term capacity for Coalition’s ‘Active Cyber Insurance’ approach to target the SME segment in the US and UK.” Source: Allianz boosts…
Read More “Allianz & Coalition Announce Multi-Year Partnership ” »
“Surveyed healthcare cybersecurity leaders reported leveraging multifactor authentication (MFA), identity and access management, and privileged access management (PAM) solutions in hopes of lessening the likelihood of a cyber insurance premium…
Read More “Threat of Higher Cyber Insurance Premiums Improving Security: Survey” »
LIkely a confusing and counter-productive take, in our opinion. DHS is now, in effect, raising questions about whether businesses should get cyber insurance. Or is the agency implying businesses self-insure…
Read More “Feds Discourage Cyber Insurance — at Least for Ransomware (Congressional Testimony)” »
Where do premiums end up? And with what controls and limits? “‘For all the work done by the cyber insurance marketplace to achieve rate, there still needs to be a…
Read More “Correction Coming in Cyber Insurance Premiums: Tokio Marine ” »
[NY State appeared to gain jurisdiction via Carnival’s former insurance business.] “New York’s Department of Financial Services said Carnival violated a state cyber security regulation by failing to use multi-factor…
“Law firms have this treasure trove of information. Statistically, they’re about six times more likely to pay the first ransom demanded, rather than negotiate it…and I have to tell them,…
Read More “Who’s a “Radioactive” Customer for Cyber Insurers? Law Firms ” »
Standalone cyber policies now the majority… “Standalone policies are more often subject to claims, given that more-sophisticated clients with more data and financial resources typically purchase these policies. Despite the…
Read More “Underwriting Performance for US Cyber Insurance Improved Last Year: Reinsurance News” »
According to the report, US FIO and CISA agree with this recommendation: “The Department of the Treasury’s Federal Insurance Office (FIO) and the Department of Homeland Security’s Cybersecurity and Infrastructure…
Read More “GAO Prods Feds to Assess Their Potential Response to Catastrophic Cyber Attacks ” »