The Source for Cyber Insurance News, Insights and Data
In the business world, “the customer is always right” often holds true, but a new study suggests that mid-market companies in the U.K. are far from satisfied with their cyber insurance options. Coalition’s recent survey offers valuable insights into the experiences and perceptions of these cyber insurance customers. Conducted by Opinion Matters in February 2024, … Read more
In a digital landscape increasingly fraught with cyber threats, AM Best has provided a measure of stability by assigning a stable outlook to the global cyber insurance segment, reflecting steady progress in managing risks. This outlook is driven by increasing demand and promising intermediate-term growth prospects as take-up rates continue to improve. This is elaborated … Read more
So reports Venture Beat in a report on AI’s impact on cyber insurance, which also says the technology can dramatically accelerate risk assessments: “Cyber insurers are also looking to AI to reduce the time and costs of real-time risk assessments that can cost between $10,000 to $50,000 per assessment and take between four to six weeks to … Read more
The persistent threat of ransomware continues to pose significant dangers to organizations worldwide. Recent news from around the world highlights the idea that combating this menace should involve banning ransomware payments to curb the growing threat. In light of these developments, the Marsh report, “Ransomware: A Persistent Challenge in Cyber Insurance Claims,” provides valuable insights … Read more
In the world of cybercrime, few experiences are as frustrating as paying a ransom to recover stolen data only to remain empty-handed. This stark reality is highlighted in the issue of ransomware data recovery where recent studies reveal that 1/3 of ransomware victims did not recover data even after paying up. For individuals and businesses, … Read more