The Source for Cyber Insurance News, Insights and Data
We’ve written about the good and bad of AI cybersecurity tools recently. On the heel of that Bitsight has introduced “Instant Insights,” an AI-based feature that automates the analysis of security documents such as SOC 2 reports. Part of the Bitsight IQ suite, this AI cybersecurity tool aims to simplify and speed up vendor risk … Read more
Kaspersky’s 2024 cybersecurity report highlights how artificial intelligence (AI) cybersecurity risks reshape cyber defense. AI has heightened the scale and complexity of cyberattacks, leaving security professionals grappling with mounting threats. The global study underscores the dual role of AI as both a tool for hackers and a cornerstone of innovative defense strategies. Something we have … Read more
Cyber insurance premiums will grow “15% to 20% per year to a total of about $23 billion by the end of 2026, up from about $14 billion at the end of 2023,” estimates S&P Global Ratings report “Cyber Insurance Market Outlook 2025: Cycle Management Will Be Key To Sustaining Profits.” [Don’t tell Swiss Re, which … Read more
You’ve seen plenty of reports on how hackers are leveraging AI to commit cyber crimes while insurers are using the technology to improve underwriting and customer service. Now experts report risks from AI are prompting stand-alone cyber insurance policies covering losses by users of the evolving technology, a market Deloitte predicts could grow at a … Read more
As cyber criminals increasingly leverage AI for everything from phishing scams and blackmail to misinformation campaigns and election interference, businesses face new threats that require innovative defenses. In response to AI-driven cybercrime threats, AXA XL has unveiled a new endorsement to its cyber insurance coverage, specifically targeting the risks associated with Generative AI (Gen AI) … Read more