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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: RPS with a Mea Culpa; Netwrix heads to class; The Paris-based cybercrime unit behind Telegram founder’s arrest; Lumen Technologies looks at “Volt Typhoon.” There’s more. Take a look. Share it. Enjoy the … Read more
We’re fans of research from RPS/Risk Placement Services, the brokerage and MGA. Early this year, the firm predicted a correction in cyber pricing driven by factors such as increased fraud perpetrated by AI. But in its 2024 Q3 Cyber Market Update, RPS concedes the “market hardening” and price increases have not yet occurred. “Since the … 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: here’s more. At-Bay and Omdia and the value of InsurSec; Corvus with a reminder about ransomware; Skybox with a warning for utility companies; Halliburton faces a possible hack; And a look at … Read more
With a title like “Ransomware Season Arrives Early,” you might be tempted to crawl back into bed and leave the digital world behind. But before you do, it’s worth reading how serious this season will be. In the second quarter of 2024, global ransomware attacks continued escalating, with the Corvus Insurance report identifying 1,248 victims. … Read more
Cybersecurity incidents have become a major financial burden for businesses worldwide, with losses reaching billions annually. In 2023 alone, the global economy lost an estimated $10.5 trillion due to cybercrime, a stark reminder of the increasing cyber threat landscape. As these threats continue to evolve, a new study by Omdia, in collaboration with At-Bay, highlights … Read more