The Leading Source for Cybersecurity Insurance News, Insights and Data
Cyber liability insurers are scrutinizing clients for trending security shortfalls. A key one: cloud misconfigurations, which represent the third most common attack vector and are linked to 80% of ransomware…
Read More “Get Your Head in the Cloud to Win the Trust of Cyber Insurers: Trend Micro ” »
“Being a privately placed Section 4(2) cat bond, this Cairney deal as it is called, is akin to a transformed collateralised reinsurance deal that has been syndicated across a group…
Read More “Dubbed “Cairney,” Beazley’s new Cyber Cat Bond Listed on Bermuda Stock Exchange (BSX) ” »
Patricia Riederer, property product analyst with American Family Insurance, does a fine job of explaining it. “’Personal cyber insurance typically covers costs to hire a professional to reinstall your computer’s…
We recently wrote about the market anticipation of a trade-able 144a Catastrophe (“Cat”) Bond. Now Beazley, a London-based specialist insurer, has launched something related, the first-ever cyber catastrophe bond. The…
Read More “Here’s the First Reported “Cyber Catastrophe Bond,” from Beazley ” »
To get cyber insurance, companies increasingly must adhere to certain security requirements. Multi-Factor Authentication (MFA) is perhaps chief among them. MFA adds an additional layer of authentication and makes it…
Read More “Want to Qualify for Cyber Insurance? Better Get MFA. Here Are Tips from CPO Magazine ” »
Forget natural disasters, says the CEO. Cyber is the biggest threat, and public-private systems will be needed (note recent US movement in that direction.) “’What will become uninsurable (versus climate…
Read More “Cyber Attacks To Become “Uninsurable:” Zurich Insurance CEO” »
MIRIS, a “mutual insurer, a structure in which the company is owned by its customer members, is looking to meet increasing demand for cyber cover due to rising attacks…The new…
Morley Companies settled for $4.3 million in relation to its August 2021 hack. The company did not report the data theft to the public until early 2022, apparently running further…
Read More “Look Where 1/3 of the $4m+ Hacking Settlement by the Morley Companies Went ” »
“Whatever the motive and means, the cyberattack on the Met is a warning to other cultural institutions. Anyone is a potential target. ‘I am always cautioning clients that everyone is…
American Property Casualty Insurance Association’s response to the federal government’s request for comment on cyber insurance issues: “We believe it is premature to explore the details of a federal insurance…
Read More “APCIA to Feds: Not So Fast with a “Cyber TRIP” ” »