The Source for Cyber Insurance News, Insights and Data
Cybercrime incidents cost the Middle East an average of over $8 million (€7.2 million) per incident in 2023, according to IBM-funded research spanning data breaches in 16 countries. In response to the growing financial toll of cyber threats, Alvacomm announced the launch of a cyber risk platform tailored for insurance providers and brokers in the … Read more
Cyber insurance in the Asia-Pacific (APAC) region is expanding rapidly as businesses confront increasing threats from cyberattacks and data breaches. As digital transformation accelerates across industries, companies of all sizes become more vulnerable to risks like ransomware, phishing, and malware. Coalition has announced a multi-year capacity agreement with Mitsui Sumitomo Insurance Co., Ltd. (MSI), part … Read more
In a region where data flows faster than the monsoon rains and cybercriminals lurk like digital pirates, the Asia-Pacific cyber insurance market is in a race to catch up. The game is on, and with cyber-attacks surging by nearly 50% annually, APAC is poised to secure its slice of the global cyber insurance pie. According … Read more
Berkshire Hathaway Specialty Insurance (BHSI) has named Thomas Pache as Head of PI/Cyber Insurance for the DACH region—covering Germany, Austria, and Switzerland—and appointed Kim Schumacher as Senior Property Underwriter. The company has also opened a new office in Hamburg to enhance its presence and build closer connections with broker partners and customers in the region. … 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