The Source for Cyber Insurance News, Insights and Data
A recently published report by cyber advisory and solutions firm Optiv reveals a substantial 59% year-over-year increase in cybersecurity investment, underscoring organizations’ growing priority on cyber defense. The 2024 Threat and Risk Management Report, based on a survey of 650 IT and cybersecurity professionals by the Ponemon Institute, outlines how companies navigate the complex and … Read more
Amid growing concerns over cybercrime, the U.S. healthcare sector remains a prime target for cybercriminals. New research from SecurityScorecard indicates that the U.S. healthcare sector has achieved a “B+” cybersecurity rating for the first half of 2024. However, the report “The Cyber Risk Landscape of the U.S. Healthcare Industry, 2024” also highlights a significant supply … Read more
A new cybersecurity report reveals a stark reality for middle market firms: while cyber insurance coverage is at an all-time high, the persistent threat of ransomware and data breaches demands constant vigilance. RSM US LLP’s report, Middle Market Business Index Special Report: Cybersecurity 2024, was developed in partnership with the U.S. Chamber of Commerce. The … Read more
The Identity Defined Security Alliance (IDSA) has released its “2024 Trends in Identity Security” report, providing an in-depth analysis of the current state and ongoing challenges of identity security. The report, compiled in collaboration with Dimensional Research, surveyed 521 IT security and identity professionals from large organizations across the United States. The findings highlight the … Read more
Cybercriminals are on a rampage, exploiting remote access weaknesses to fuel a staggering rise in ransomware attacks. At-Bay’s 2024 InsurSec Report uncovers a dramatic 64% spike in ransomware claims, driven by a jaw-dropping 415% increase in indirect incidents. This explosive growth underscores the critical vulnerabilities that continue to plague businesses in the digital age. Key … Read more