The Source for Cyber Insurance News, Insights and Data
“(M)ore than half (54%) of respondents found the current state of the cyber insurance market to be unsustainable,” reports the useful survey from KYND Limited, a provider of cyber risk management services. The top concern: Systemic risk. The finding tracks with our reporting on industry concerns about systemic risk, from cyber war exclusions to efforts … Read more
FreightWaves, has published an article on the importance of cyber insurance for logistics and supply chain businesses. It highlights the increasing risk of cyberattacks on these businesses and the potential financial and reputational damage that can result. Cyber insurance can help logistics and supply chain businesses to mitigate the risks of cyberattacks and to recover … Read more
Moody’s RMS, a leading provider of risk modeling for the insurance industry, has formed the Cyber Industry Steering Group, designed to address underwriting and other constraints in the cyber insurance sector. “There is a clear need and a significant opportunity to accelerate growth in the global cyber underwriting market. However, there are many legitimate concerns … Read more
Cyber Insurance News has wondered how often ransomware gangs — groups of criminals often supported by hostile foreign powers — can be trusted. We asked Jennifer Coughlin of Mullen Coughlin, “a law firm uniquely dedicated exclusively to representing organizations facing data privacy events, information security incidents, and the need to address these risks before a … Read more
Ransomware is a type of malware that encrypts files on a victim’s computer, making them inaccessible. The attackers then demand a ransom payment in exchange for the decryption key. The Department of Homeland Security (DHS) and the Department of Justice (DOJ) offer a resource, StopRansomware.gov, to help businesses mitigate their ransomware risk. The site provides … Read more