The Source for Cyber Insurance News, Insights and Data
Brace yourselves, insurance behemoths, for the cyber tide is turning! CyberCube predicts in their recent report that 2024 will see reinsurance titans flexing their muscles, actively pumping up the cyber capacity pool. CEO Pascal Millaire emphasized the shift in perspective among reinsurers, stating that those hesitant about entering the cyber domain will recognize the imperative … Read more
According to the latest analysis by Emergen Research, the global cyber insurance market, valued at USD 11.88 billion in 2022, is poised to experience a remarkable revenue CAGR of 20.4% through 2032. The escalating number and sophistication of cyber threats are fueling the surge. These include data breaches, ransomware attacks, and insider threats. The increasing … Read more
A stark new report reveals that a staggering one in five businesses in the United Kingdom have fallen victim to cyberattacks in the past year. This alarming statistic shines a spotlight on the growing threat businesses face from cybercriminals. In a testimonial to our changing times, the research conducted by Aviva found that businesses are … Read more
Ransomware stalks the factory floor. Claroty, a cyber-physical systems protection company, has released a new study revealing a concerning surge in ransomware attacks within the industrial sector. The research, “The Global State of Industrial Cybersecurity 2023: New Technologies, Persistent Threats, and Maturing Defenses,” is based on a global survey of 1,100 information technology (IT) and … Read more
The Global Cyber Insurance Market, valued at US$9.89 billion in 2022, is anticipated to witness a CAGR of 11.7% from 2023 to 2031. That is from a new report by TNR, The Niche Research. The research delves into the wake left by the COVID-19 pandemic. The international business landscape saw a decline in various sectors, … Read more