The Source for Cyber Insurance News, Insights and Data
The insurance research firm considers the future of the industry, including if a catastrophic attack occurs. “(A) still immature cyber market is rocked by one or more near-term catastrophe events on a scale not previously seen, denting confidence in available cyber risk models and deterring investors from committing capital to the nascent cyber catastrophe bond … Read more
“Cyber insurance carriers continued to explore (and pursue) standalone cyber placements in response to increasing pressure by reinsurers to place cyber separately,” Gallagher noted in its new 1st View report. We’ve noted the move to stand-alone cyber policies, including here Get the very first view of current market conditions within the reinsurance industry for the … Read more
“Hack-A-Sat is a Capture the Flag (CTF) competition designed to inspire the world’s top cybersecurity talent to develop the skills necessary to help reduce vulnerabilities and build more secure space systems. In Hack-A-Sat 1, 2 and 3, the best of the best have been learning more about all the skills required to hack in space … Read more
Bad actors are sure to harness AI for a range of attacks, including some we cannot even envision today. Meantime, fraudulent instruction scams appear to be increasing. “In early June, two instances of voicemail impersonation were reported to Rob Ferrini, cyber insurance program manager at McGowanPRO, headquartered in Framingham, Massachusetts, with 5,000 cyber-insured clients covered … Read more
We’re sorry to paraphrase Yogi Berra about predictions, but he’s right. According to the report, the first cyber policy was offered by AIG in 1997. “’It’s going somewhere, what we struggle with is predicting exactly where that will be,’ (McGill & Partners partner Shannan) Fort said. ‘Just look at the last 10 years and new … Read more