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Top News about Cyber Insurance
It might seem obvious that being mentioned on the dark web increases the risk of a cyberattack, but a new study by Searchlight Cyber, conducted with Marsh McLennan Cyber Risk Intelligence Center, reveals just how strong that correlation is—and the detailed findings offer valuable insights for businesses. The report, The Correlation Between Dark Web Exposure … Read more
Here it is—Your Cyber Insurance Sunday—Upload. The latest cybersecurity insurance news. A few items from the week. Some from us, some from others: Envelope Risk with a Solution; BlackCloak with a Personal Touch; NetDiligence look at 10,000 Cyber Claims; Microsoft with a warning for healthcare; And, is this the “Golden Age” of Scams? There’s more. … Read more
What some call the largest IT outage in history was caused by a faulty software update, not a cyber attack. But the team at Broadstone thinks the CrowdStrike debacle this summer will move the cyber liability insurance market anyway. “The CrowdStrike event, along with other recent cyber incidents like MoveIT, Change Healthcare, CDK Global, and … Read more
Markel Group Inc. has announced the appointment of April Tam as Senior Underwriter for Professional Financial Risk (PFR) & Cyber and Head of Financial Institutions in Asia, effective immediately. This strategic move aims to bolster Markel’s leadership in the PFR sector and enhance its financial institutions offerings across the region. In her new role, Tam … Read more
Cowbell announced that it is expanding its cyber insurance coverage to include US companies with annual revenues of up to $1 billion. The expansion will allow middle-market businesses to access Cowbell’s Prime 250 Cyber and Prime Tech Errors & Omissions (E&O) insurance products supported by Chaucer Group. These offerings provide primary and excess limits of … Read more