The Source for Cyber Insurance News, Insights and Data
CFC, a leading specialist insurance provider in emerging risk and a market leader in cyber insurance, conducted a recent survey revealing that IT departments constitute the biggest obstacle to the sale of cyber insurance policies. Brokers from across the United States participated in the poll. It sheds light on the challenges they face when promoting … Read more
A recent report published by the International Underwriting Association (IUA) and CyberCube has shed light on the increasing significance of supply chain risks within cyber insurance. It underscores the need for underwriters to scrutinize their clients’ business continuity plans. All while providing a comprehensive checklist for assessing an organization’s cyber supply chain. In a digital … Read more
In a startling revelation, Lloyd’s, the world’s premier insurance and reinsurance marketplace, has unveiled a systemic risk scenario that paints a grim picture of the global economy’s susceptibility to a major cyber attack. This hypothetical envisions a cyber strike on a major financial services payments system, leading to widespread disruption in global operations. The potential … Read more
A new report from Hiscox has found that Ireland is one of the countries most affected by cyber attacks, with 71% of businesses suffering an attack in the past year. This is a 22% increase from the previous year, four times higher than the global average. “Cyber must now be viewed as a standard business … Read more
According to a new report by SNS Insider, the global penetration testing market anticipates reaching USD 4.13 billion by 2030, with a projected CAGR of 13.42% from 2023 to 2030. Several factors propel this growth, such as the rising sophistication of cyberattacks, the expanding embrace of cloud computing and mobile devices, and the growing demands … Read more