The Source for Cyber Insurance News, Insights and Data
In a move to enhance its digital offerings, RT Specialty, the wholesale distribution division of the global insurance firm Ryan Specialty Group, announced the addition of cyber liability insurance coverage to its digital platform, RT Connector. This addition broadens RT Connector’s capabilities, making it a notable digital platform for bindable Excess & Surplus (E&S) solutions … Read more
Sometimes, words catch your eye and mind. Why? Because they efficiently frame the reality. Today, I read “cyber driven panic paralysis” in relation to cybersecurity and small and medium-sized businesses (SMBs). It encapsulates the way many small business owners feel about the cybersecurity and insurance landscape. These words were found on the Proaxiom website. In … Read more
In the cybersecurity battlefield where size matters, small and medium businesses (SMBs) are taking the brunt of relentless ransomware assaults. Shockingly, these nimble enterprises are three times more likely to be in the crosshairs of cybercriminals compared to their larger counterparts. The toll? A staggering $2.4 billion in losses was incurred by SMBs in 2021 … Read more
Global cyber insurtech leader BOXX Insurance has partnered with AXA to introduce a new cyber insurance risk prevention solution for small businesses. The collaboration aims to strengthen small enterprises against the increasing cyber-attack threats by providing a comprehensive suite of proactive measures. Acknowledging the challenges small businesses face in obtaining robust cybersecurity support, BOXX Insurance … Read more
In the face of escalating cyber threats, biBERK Business Insurance urges every business owner to confront the risk of cyberattacks head-on. With cybercriminals employing sophisticated methods such as phishing, ransomware, MITM attacks, and brute force attacks, small businesses are not immune. You can find a link to their full guide, a very good primer, at … Read more