The Source for Cyber Insurance News, Insights and Data
Why a Cyber Risk Pool is Essential A newly released report from Lockton Re, “Cyber Risk Pools and Public-Private Partnerships: Time to Dive In?” highlights the urgent need for a cyber risk pool to mitigate the financial impact of large-scale cyberattacks. The report warns that existing insurance solutions are insufficient to handle systemic cyber threats, … Read more
A new study by DeNexus has revealed that a startling 92% of industrial sites worldwide are at risk from unsecured remote access systems, exposing them to potential losses as high as $1.5 million per location. The research into Industrial cybersecurity risks looked at 254 industrial facilities. Covering North America, Europe, and Australia, underscoring the vulnerability … Read more
The European Commission has launched “infringement procedures” against a majority of its member states for failing to meet an October deadline to enact EU cyber security regulations. The regulations come in two packages: the NIS2 Directive, aimed at enhancing cyber security and the Critical Entities Resilience (CER) Directive, focused on safeguarding critical infrastructure. “The Commission … Read more
Lloyd’s Syndicate 1176 and Chaucer have partnered to introduce a specialized cyber insurance policy to protect nuclear power plant (NPP) operators from malicious cyber attacks. As cyber threats against the energy sector continue to rise in both number and sophistication, this collaboration aims to address the unique vulnerabilities of nuclear facilities and their critical role … Read more
The energy sector powers nearly every facet of modern life, from the moment you flip a light switch to the fuel that propels global industries forward. It’s a sprawling network of interconnected systems—electricity, oil, and natural gas—delivering critical resources through over 6,400 power plants and countless miles of pipelines. The scale is vast, and so … Read more