The Source for Cyber Insurance News, Insights and Data
The latest Data Health Check report by Databarracks reveals a marked decline in cyber insurance claims. That indicates a significant shift in the cyber landscape. This finding comes despite the increased adoption of cyber insurance policies among UK businesses. This trend underscores a growing resilience in the face of cyber threats, as more organizations successfully … Read more
In an era where data breaches, cyberattacks, and cybersecurity dominate news, the vulnerabilities associated with intangible assets like intellectual property and artificial intelligence are becoming impossible to ignore. Businesses are finding that the threats they face are no longer just physical—they are digital, invisible, and often far more damaging. As companies continue to expand their … Read more
CyberCube, a leading cyber risk analytics firm, estimates insured losses from the July 19 CrowdStrike outage to be between $400 million and $1.5 billion. Dubbed the “CrowdOut Event,” it was caused by a faulty CrowdStrike Falcon Sensor update, significantly impacting the standalone cyber insurance market. This incident represents a loss ratio impact of approximately 3-10% … Read more
The recent CrowdStrike outage on July 19 had a ripple effect across a wide range of industries, from airlines to the national organ transplant matching system. In our interconnected world, few can escape its impact. Now, Parametrix provides a detailed look at the financial cost. It’s more than just a ripple. They estimate a total … Read more
According to a SkyQuest Technology report, the global cyber insurance market, valued at $12.94 billion in 2022, is poised for exponential growth. Analysts forecast the market to expand from $16.21 billion in 2023 to an astounding $100.62 billion by 2031, driven by a robust compound annual growth rate (CAGR) of 25.70% over the forecast period. … Read more