The Source for Cyber Insurance News, Insights and Data
Vienna Insurance Group AG (VIG), the largest insurance group in Central and Eastern Europe, has established Cyber Risk Solutions GmbH (CyRiSo), a new cyber security company targeting small and medium-sized enterprises (SMEs). The firm aims to provide comprehensive support to reduce cyber risks and to prevent and resolve damage from cyber attacks. “Cyber attacks have … Read more
Insurance Europe has released a new report titled “Insurers’ Role in EU Cyber Resilience,” highlighting the escalating frequency and severity of cyber threats and offering policy recommendations to bolster cyber resilience across the European Union. As cyberattacks increased by 38% globally between 2022 and 2023, businesses face growing risks from ransomware, malware, phishing, and other … Read more
The NIS2 Directive and deadline, set to take effect on October 18, 2024, represents a major evolution in the European Union’s cybersecurity framework, extending its regulatory reach to a broader range of sectors and imposing stricter cybersecurity preparedness and response requirements. Veeam Software’s recent survey, conducted by Censuswide, reveals the extent to which organizations across … Read more