The Leading Source for Cybersecurity Insurance News, Insights and Data
We’re fans of research from RPS/Risk Placement Services, the brokerage and MGA. Early this year, the firm predicted a correction in cyber pricing driven by factors such as increased fraud…
Read More “Mea Culpa from RPS: Cyber Insurance Prices Not Going Up as Expected” »
In the world of cybercrime, few experiences are as frustrating as paying a ransom to recover stolen data only to remain empty-handed. This stark reality is highlighted in the issue…
Read More “1/3 of Ransomware Victims Did Not Recover Data Even After Paying Up” »
After several years of exponential growth in the cybersecurity insurance market, a surprising shift occurred last year in cyber liability insurance premiums, according to a report from Fitch. “U.S. statutory…
Read More “What? Cyber Insurance Premiums Dropped For First Time in 2023: Fitch” »
The useful new 2024 US Cyber Outlook Report from Risk Placement Services (RPS) notes that carriers reduced premiums, increased limits and softened requirements for some cyber controls when ransomware losses declined last…
Read More “Think Cyber Insurance Market is “Out of the Woods?” No So Fast, Says RPS” »
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 —…
Read More “Google Predicts Stable Cyber Insurance Premiums in 2024 (+ more “Pig Butchering”)” »
Moody’s, the credit and risk rating company, surveyed 1,700 people from debt issuers representing $80 trillion in outstanding debt across “71 global sectors.” “Despite the higher cost of cyber insurance,…
Read More “Major Debt Issuers Relatively Indifferent to Cyber Insurance Premium Hikes: Moody’s” »
The cyber insurance industry has long asserted that its underwriting processes, combined with security tech embedded in policies or supplied by third parties, will improve their clients’ security and impact…
Read More “Half of Cyber Insureds Improve Their Security As Part of Getting Policy: Survey” »
Risk Placement Services (RPS), a national brokerage, calls itself “brokers in bold.” It recently presented its quarterly cyber update, including a report and presentations by RPS’ Steve Robinson, national cyber…
Consistent with other recent reports, S&P Global Ratings finds global cyber insurance premiums surging, about $12 billion last year and headed to almost twice that by 2025. At the same…
Read More “Cyber Insurers Doing Well, Cyber Reinsurers Not So Much: S&P” »
Our headline is a bit sarcastic, but it captures the findings of a survey covering more than 300 enterprises by Delinea, a provider of Privileged Access Management (PAM) solutions. The…
Read More “Cyber Insurance May Cost More this Year, But at Least it Takes Longer to Get: Delinea” »