The Source for Cyber Insurance News, Insights and Data
“Officials can look at the probabilities of attacks succeeding and probabilities that these result in different depths of financial losses. Then officials can factor in how adopting different preventive measures might draw down those costs. This lets officials estimate how much investing in a better backup system or in anti-phishing training, for example, might reduce … Read more
“Some of the cybersecurity investment increase is also going toward standalone cyber insurance; 65% of public sector organizations carry specialized cyber coverage, as do 57% of financial services companies. No industry is below 46% in this category.” Source: Moody’s Report: Cybersecurity Investment Up, But Preparedness Remains Inconsistent – CPO Magazine
“New research by Marsh and Microsoft identifies 8 key trends that leaders from all departments should align on and prioritize for 2022 and beyond.” Source: The State of Cyber Resilience
Market is up 74% YoY according to the report. “The top cyber insurance carriers in 2021 shifted to include Fairfax Financial Holdings and Tokio Marine U.S.” Source: Rapid Cyber Premium Growth by Fairfax, Tokio Marine Increased Share of Market
“Munich Re has been involved in managing cyber risk from the first moment it became a consideration. The results of our Global Cyber Risk and Insurance Survey 2022 underline that there is clearly more action required – for policyholders and the insurance industry.” One interesting tidbit is increasing use of personal cyber insurance by senior … Read more