The Source for Cyber Insurance News, Insights and Data
You’ve read plenty about AI & cybersecurity. Now AON, the major global insurance broker, is stepping up its program to protect the data centers that enable AI in the first place from cybersecurity and other threats. Aon plc has expanded the capacity of its Data Center Lifecycle Insurance Program (DCLP) from $1 billion to $2.5 … Read more
Ever been in a massive traffic jam and wonder what the heck was causing it? The citizens of one city actually got a (disturbing) answer — a cyber hack was the culprit. The Polish town of Olsztyn—a “Smart City” with automated traffic monitoring and Wi-Fi-equipped trams—ground to a halt in 2023 due to a cyber … Read more
Manufacturing cybersecurity now commands board attention. Rockwell Automation’s 10th “State of Smart Manufacturing” places cyber threats second among external risks, after economic conditions. Our coverage earlier this week highlighted extreme Operational Technology (OT) loss models nearing $330 billion. Business interruption alone could exceed $172 billion. The stakes for plants and insurers keep rising. Smart manufacturing … Read more
GPS Spoofing and the Risk to Maritime Navigation – A new report from the Association of Average Adjusters examines the murky intersection of cyber exclusion clauses and modern maritime threats like GPS spoofing. GPS spoofing involves the transmission of fake navigation signals that mislead a ship’s systems about its real-time location. The result? A vessel … Read more
The Critical Matter of OT Cybersecurity – The global financial impact from catastrophic cyber events targeting Operational Technology (OT) could hit $329.5 billion. This, according to a new report from industrial cybersecurity firm Dragos and Marsh McLennan’s Cyber Risk Intelligence Center. In the worst modeled scenario, business interruptions alone would account for more than $172 … Read more