The Leading Source for Cybersecurity Insurance News, Insights and Data
“(Adam Lantrip of brokerage CAC Specialty) now budgets four to six months for its clients to clear all the hurdles needed to renew their plans. ‘It’s getting almost to a…
Read More “As Cyber Premiums Go Up, So Does Underwriting Time: Wall Street Journal ” »
“Drawing on SpyCloud’s database of over 200 billion recaptured assets, researchers identified over 687 million exposed credentials and PII tied to Fortune 1000 employees, a 26% increase from last year’s…
“QR phishing attacks are on the rise because they require so little effort to be successful. For one, the codes are physical displays, meaning a harmless one can easily be…
Read More “Watch Out For QR Codes as Hackers Increasingly Exploit Them ” »
One example: “The cyber security insurance application asked whether I had deployed an endpoint detection and response (EDR) tool.” Source: What your cyber insurance application form can tell you about ransomware…
Read More “What Does It Take To Get Your Cyber Insurance Renewed? Plenty. ” »
“’Even if UK SMBs do become more concerned about their business being targeted by cybercriminals, they are unlikely to be willing to pay even higher premiums to protect themselves,’ said…
“When we identify downtime, we pay out for the customer immediately. Any loss is covered. Unlike traditional insurance where you have to file a claim, in this case, there’s no…
“Developed in collaboration with (Periculus and) TIP National, the offering allows small and medium-sized businesses to instantly request a quote, purchase, and manage a cyber insurance policy customized to meet…
“Globally, commercial insurance rates increased by 9% on average in the quarter, he said. In North America, commercial rates increased 8% overall, with retail property insurance rates rising 14%. Lexington,…
Read More “AIG Net Income Up YoY; Cyber Insurance Rates Almost Double” »
“Instead of paying a $569,000 (cyber insurance) premium to pay the contractors or the ransom, a city pays millions,” says the report, which details some of the expenses after the…
“Among other steps, Kentucky’s law requires insurers to ‘identify reasonably foreseeable internal or external threats that could result in unauthorized access, transmission, disclosure, misuse, alteration, or destruction of nonpublic information,…