The Leading Source for Cybersecurity Insurance News, Insights and Data
In a world where “your papers are not in order” can spell disaster for any public company, AXA XL is stepping up to the bureaucratic challenge with a new cyber…
Read More “Axa XL Steps up to Cyber Insurance Challenge with New Cyber Insurance Endorsement” »
“The impact of GenAI on the cyber landscape is likely to increase the frequency, severity, and diversity of smaller scale cyber attacks, which will grow over the next 12-24 months,…
Starting December 18, 2023, publicly traded companies in the US will be required to disclose material cybersecurity incidents to the Securities and Exchange Commission (SEC). If an organization determines a…
The Cybersecurity and Infrastructure Security Agency (CISA) release announces a new partnership with Stanford’s Empirical Security Research Group and focuses on analyzing the effectiveness of security controls, with a focus…
Read More “Feds Relaunch Cybersecurity Insurance and Data Analysis Working Group (CIDAWG)” »
Governor Kathy Hochul has proposed cybersecurity regulations for hospitals, backed by a $500 million budget allocation in the FY24 budget. These regulations aim to fortify hospital networks against escalating cyber…
Read More “New York State Mulls Groundbreaking Cybersecurity Regulations for Hospitals” »
“Cyber Risk Accumulation: Fully Tackling the Insurability Challenge’” is a useful new report from The Geneva Association (GA), “a global association of insurance and reinsurance CEOs and think tank for…
As in the US, the discussion turns on the threat of a catastrophic “systemic” cyber attack, which could generate $3.5 trillion in “global economic damage” according to a recent model…
Read More “Brits Debate Government Backstop to Cyber Insurance Industry” »
Progress Software Corporation (PRGS) is the provider of MOVEit Transfer software, a program responsible for what is widely considered the largest hack so far in 2023, impacting at least 2,000…
The dawn of SEC-required cyber disclosures seems sure to increase litigation, as we’ve reported. Could the kind of cyber risk management now required by most cyber liability insurers provide some…
The world of cyber insurance and cybersecurity are as intertwined as homeowners insurance and home security. The difference? One is established and familiar. But cyber is, relatively, nascent. In a…