The Source for Cyber Insurance News, Insights and Data
Small businesses often struggle to secure comprehensive cyber insurance due to limited coverage options and stringent underwriting criteria, leaving many vulnerable to cyber threats. With that in mind, Corvus Insurance has announced several enhancements to its underwriting capabilities and cyber services. These updates aim to expand the company’s reach and better serve its policyholders. For … Read more
Guardz, an AI-powered cybersecurity company, has launched a new cyber insurance service specifically for small and medium-sized businesses (SMBs). This service combines active cyber protection with insurance and is available across the United States through Guardz’s network of Managed Service Providers (MSPs). Small businesses often face significant challenges in adapting to the increasing cyber-attack threat … Read more
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