Cyber Insurance

Top News about Cyber Insurance

AXA XL Launches Tailored Cyber Insurance Endorsement for Construction Industry

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AXA XL launched a new cyber insurance endorsement specifically designed to meet the cybersecurity needs of U.S. construction firms. This innovative endorsement offers enhanced coverage that aligns with the industry’s increasing use of digital tools like 3D models, AI, IoT devices, and supply chain management software—technologies that expose construction companies to unique cyber vulnerabilities. Michelle … Read more

SEC Hits Firms with Millions in Fines for Inadequate Cyber Disclosures; Sparks Dissent on Commission

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Four companies have settled charges by the Securities and Exchange Commission (SEC) that they made “materially misleading disclosures” after being breached in 2020 by the SolarWinds’ Orion software hack (US public companies have been required to disclose material cyber events since last year, see this.) But two of five SEC commissioners dissented on the charges, … Read more

Energy Sector Cybersecurity: Protecting Power Grids, Pipelines, and Critical Infrastructure

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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

Miller Partners with CyberCube to Expand Cyber Risk Assessment for Clients

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Insurance broker Miller has announced a new partnership with CyberCube, a leading cyber risk analytics provider, to enhance its cyber risk management services. Through this partnership, Miller will license CyberCube’s Broking Manager and Prep Module tools, enabling its brokers to deliver data-driven insights and support clients across various industries in assessing and managing their cyber … Read more

Cyber Insurance Coverage Gaps: 32% of Companies Vulnerable – Nationwide Survey

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Striking new findings suggest a significant percentage of companies lack cyber insurance despite ongoing and sophisticated threats posed by a range of cyberattack scenarios. The 2024 Cybersecurity Risk Managers Report reveals that 32% of companies surveyed do not have dedicated cyber insurance coverage, leaving them vulnerable to potentially devastating financial and operational impacts in the … Read more

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