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Top News about Cyber Insurance
Most organizations running cyber-physical systems experienced a cyberattack on operations in the past year, Claroty’s survey found. Nearly all of them lost money. Fewer than one in four listed an insurance claim among the results. Operational technology (OT) cyberattacks cost organizations about $1 million on average. Fewer than one in four led to an insurance … Read more
Ransomware victims hit a record 2,760 in the third quarter, GuidePoint Security’s research team found. Its own data on ransomware payments carries the insurance story. Fewer clients paid ransoms. Those who paid, paid more. GuidePoint also says risk models built on attacker effort need revisiting. Fewer ransomware victims are paying. The ones who pay are … Read more
Kaseya’s 2026 Cybersecurity Report puts human error first. Two other findings speak directly to cyber insurance requirements. MFA tops the list of controls IT teams find hardest to run. And compliance or insurance rules prompt security spending as often as attacks do. Multifactor authentication (MFA) is one of the first controls cyber insurers look for. … Read more
Most coverage of PwC’s 2027 Global Digital Trust Insights led with budgets. But the boardroom data tells the sharper story. CEOs and directors judge cyber strategy partly by recovery time and by cyber insurability: what the market will cover, and at what price. Eighty-four percent of security and finance leaders expect cyber budgets to rise, … Read more
CFC has updated Cyber Proactive Response, its cyber policy for small and mid-sized businesses. Senior executives gain personal protection. The affirmative AI wording gets an update. The business interruption period stretches to 18 months. A cyber extortion threat does not have to stop at the company network. It can follow an executive home. CFC’s latest … Read more