The Source for Cyber Insurance News, Insights and Data
In espionage, as dramatized in the Mission Impossible movies, masks, and high-tech gadgets are often used to fool security systems into thinking someone is who they are not. In reality, if in a slightly less action-packed style, today’s cyber attackers are doing much the same—using stolen or fake identities to slip past digital defenses and … Read more
Natural disasters are easy to comprehend because the damage is visible, tangible, and emotionally striking; you can see the devastation and read the stories of lives lost. Cyberattacks, by contrast, lack this visceral impact—they unfold silently in digital spaces, often leaving no physical trace. But while they may seem less dramatic, cyber threats are no … Read more
In today’s digital landscape, small and medium-sized businesses (SMBs) face growing threats from cyber attacks that could cripple their operations overnight. With limited resources and varying security postures, many SMBs are left vulnerable to catastrophic events that their insurance may not fully cover. A report from Guy Carpenter’s Cyber Center of Excellence and At-Bay, a … Read more
With a title like “Ransomware Season Arrives Early,” you might be tempted to crawl back into bed and leave the digital world behind. But before you do, it’s worth reading how serious this season will be. In the second quarter of 2024, global ransomware attacks continued escalating, with the Corvus Insurance report identifying 1,248 victims. … Read more
Cybersecurity incidents have become a major financial burden for businesses worldwide, with losses reaching billions annually. In 2023 alone, the global economy lost an estimated $10.5 trillion due to cybercrime, a stark reminder of the increasing cyber threat landscape. As these threats continue to evolve, a new study by Omdia, in collaboration with At-Bay, highlights … Read more