The Source for Cyber Insurance News, Insights and Data
SMEs Struggle to Keep Up with Cybersecurity Standards Small and medium-sized enterprises (SMEs) in the European Union are falling behind larger organizations in cybersecurity, according to a new report by Marsh in collaboration with the Federation of European Risk Management Associations (FERMA). The report, Why the Cybersecurity Gap Between SMEs and Large Organisations Matters, reveals … Read more
Small and medium enterprises (SMEs) vastly underestimate their risk of cyber-attacks, leaving them vulnerable due to low cyber insurance adoption, according to a new report from the Association of British Insurers (ABI). Despite making up 99% of UK businesses and generating over £2.6 trillion in turnover, SMEs remain under-protected from cyber threats. The ABI’s report, … Read more
Senators Shelley Moore Capito (R-W.Va.) and John Hickenlooper (D-Colo.) reintroduced the bipartisan Insure Cybersecurity Act to safeguard small businesses against rising cyber threats. According to Accenture’s Cybercrime study, nearly 43% of cyber-attacks target small businesses, yet only 14% feel adequately prepared despite spending between $826 and $653,587 per incident. As many know, 95% of breaches … Read more
The pure-play insurtech Cowbell Cyber, which offers what it calls the “first continuous underwriting platform for cyber insurance,” has become a well-known brand in the cyber insurance sector since its founding a bit over five years ago. Last year the company expanded its solutions to clients with up to $1 billion in revenue and has … Read more
In our podcast’s debut episode, we explored small business cybersecurity and insurance, highlighting the evolving nature of cybersecurity resilience. Criminals, cyber and otherwise, often see small businesses as easy targets due to challenges in maintaining strong defenses. Threats constantly adapt, and businesses must keep pace. We seek to pass on things we see that might … Read more