The Source for Cyber Insurance News, Insights and Data
Top News about Cyber Insurance
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
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
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
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
Cybersecurity and insurance leaders should consider bringing in more psychologists to help overcome the challenges inherent in human behavior: overconfidence, narcissism, underestimating time requirements, and other traits that undermine effective cybersecurity. These human factors help explain why many organizations feel prepared for cyber threats but are still vulnerable. Kyndryl’s latest survey reveals a troubling gap … Read more