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Top News about Cyber Insurance
Experts are ringing alarm bells about the dangerous intersection of artificial intelligence and cybercrime. Already, AI tools are being weaponized to commit fraud, and the consequences are staggering.
BOXX Insurance, a global leader in cyber insurance, has announced three significant appointments to support its ambitious growth in the US. The company is focusing on product innovation and expanding distribution channels to enhance its presence across North America. Erik Tifft has been named Head of Products. With nearly two decades of underwriting, cyber insurance, … Read more
The Lloyd’s Market Association (LMA) has unveiled a critical framework for assessing systemic cyber risks, offering insurers and policymakers a robust tool to tackle the evolving digital threats confronting industries globally. As cyber threats become more sophisticated, this report highlights how interconnected systems and rapid technological advancements reshape risk landscapes and necessitate comprehensive risk management … Read more
The town of Webster, NY has announced it lost more than $520,000 in a phishing attack in November, but says local police have recovered $300,000 of the stolen money and its cyber insurer is expected to cover another $240,000 under the town’s cyber insurance for government. The incident has been described as a phishing attack, … Read more
Cyber insurance has often been accused of failing to deliver when it’s needed most. David Anderson, a specialist at Woodruff Sawyer, has written “Does Cyber Insurance Pay Out?” to set the record straight. Backed by data and years of expertise, Anderson explains how tailored cyber insurance policies protect businesses, attacking the myth that these policies … Read more