The Source for Cyber Insurance News, Insights and Data
The automotive cybersecurity market is on track to expand at a compound annual growth rate (CAGR) of 5.9% by 2034, according to Visiongain’s latest report, Automotive Cyber Security Market Report 2024-2034. This growth trajectory underscores the increasing emphasis on robust cybersecurity measures within the automotive industry, driven by a combination of stringent regulations and the escalating … 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
Cysurance, a risk mitigation company, has teamed up with Check Point Software Technologies Ltd. to introduce a new Managed Firewall-as-a-Service (MFaaS) for data center and colocation customers. Announced on May 7, 2024, this service includes certification, warranties, and an Insurability Assessment Program supported by Check Point’s Infinity Global Service team. Kirsten Bay, CEO of Cysurance, … Read more
Arctic Wolf Networks, Inc. has introduced the Arctic Wolf Cyber Resilience Assessment. It aims to help businesses evaluate their cybersecurity postures and improve their chances of obtaining cyber liability insurance. According to IDC, as the threat landscape grows, almost half of organizations require a risk assessment to qualify for cyber insurance. The tool aligns with … Read more
The rapid shift to remote work since the COVID-19 pandemic has significantly heightened cybersecurity risks, with a notable 238% increase in cyberattacks targeting home workers. As businesses continue adapting to remote and hybrid work models, the need for robust cybersecurity measures has never been more critical. In response, Absolute Security is poised to unveil its … Read more