Cyber Insurance Carriers & Brokers

In 74% of Ransomware Attacks, the Crooks Got At Least Some $: Arctic Wolf Survey

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Of those hit by ransomware attacks: “26% took the hardline approach of not paying any of the ransom demand. Another 11% chose not to pay themselves but allowed an insurance provider or outside entity to pay some portion of the ransom. In 41% of the cases, the victims chose to pay the ransom in full, … Read more

Don’t Tip Your Hand to Ransomware Crooks 

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CFC offers cyber-insurance policy encryption to prevent crooks from learning how much your carrier would pay in an attack. “James Burns, Head of Cyber at CFC, said, ‘Our goal is to ensure that should a customer’s policy documents fall into the wrong hands, it can’t be used as leverage in an extortion attempt. While it’s … Read more

Coalition Moves Upmarket 

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The Company is now offering its active cyber insurance to companies with up to $5 billion revenue. “The company’s increased capacity above its existing limit of $1 billion comes from a syndicated placement across many of its existing partners. ‘By opening up our capacity to enterprise businesses with $5 billion in revenue, we are widening … Read more

Insurers Claim NotPetya Was “Cyber Nuclear Attack” 

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[Paywall may apply] “The costly NotPetya cyberattack, which the U.S. blamed on Russia, should be considered a ‘cyber nuclear attack,’ insurers argued as they urged judges to overturn a legal win by Merck & Co. in a dispute that could have broad ramifications for business insurance…The insurers appealed after a lower court judge sided with … Read more

How Many Clients Make Claims on their Cyber Insurance Policies? 

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It seems fair to say that definitive numbers remain as elusive as a North Korean hacker. The Wall Street Journal‘s Pro Research did a survey late last year indicating 6% of enterprises had made claims in the previous twelve months. Delinea’s survey reported almost 80% had many a claim at some point, with many of … Read more

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