The Source for Cyber Insurance News, Insights and Data
Coterie Insurance has introduced cyber insurance to its platform through a partnership with Berkley Re Solutions and TransUnion. The new offering aims to provide small businesses with additional protection against the increasing risk of cyberattacks, which have reached record levels in 2023, according to the HIPAA Journal. Berkley Re Solutions will supply custom risk management … Read more
Cowbell, an SME cyber insurance provider, celebrated its first anniversary in the UK by reporting impressive triple-digit growth across key metrics. A company press release noted that since expanding into the region in 2023, Cowbell has seen a 351% increase in premiums, a 327% rise in policies issued, and a 148% growth in its network … Read more
Small businesses are increasingly targeted by cyberattacks, accounting for 43% of incidents annually, with nearly half involving businesses with fewer than 1,000 employees. This trend has only intensified in the past year as more small businesses transition to cloud services and advanced technologies, increasing their vulnerability. That makes every new product designed to protect small … Read more
Perhaps there was a time when being a small business meant flying under the radar, not worth a criminal’s trouble. But in today’s digital age, with criminals casting wide nets instead of fishing with precision hooks, size no longer provides safety. Technology has transformed the game, turning small businesses into likely victims of cybercriminals who … Read more
We recently told you how one cyber insurance expert predicts the massive CrowdStrike-caused IT outage may change the cyber insurance industry, including by boosting demand for coverage of non-malicious losses, or non-criminal claims, such as business interruptions cause by software failures. The recent NetDiligence Cyber Claims Study 2024 (see our summary of other findings here) … Read more