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Top News about Cyber Insurance
Insurance wholesaler ProWriters, a digital distributor which has made a push in cyber insurance, is exploring a potential sale of its business, reports Insurance Insider US. Insurance M&A specialist Dowling Hales is advising ProWriters, according to the article. ProWriters offers several categories of cyber insurance, including E&O, CGL & D&O. It generates revenue of app. … Read more
A new study by DeNexus has revealed that a startling 92% of industrial sites worldwide are at risk from unsecured remote access systems, exposing them to potential losses as high as $1.5 million per location. The research into Industrial cybersecurity risks looked at 254 industrial facilities. Covering North America, Europe, and Australia, underscoring the vulnerability … Read more
The growing sophistication and frequency of cyberattacks should push organizations to rethink their cybersecurity strategies. According to a new KnowBe4 report, “Cyber Insurance and Security: Meeting the Rising Threat,” the intersection of cybersecurity and insurance is becoming a critical focus for businesses. The report highlights the rising costs of cyber incidents, the evolving threat landscape, … Read more
Global cyberattacks surged by 44% in the past year, driven by the changing nature of nation-state threats and the growing use of generative AI. According to The 2025 State of Cybersecurity from Check Point Software’s annual report, nation-states have shifted their approach from short-term assaults to prolonged campaigns to undermine trust and destabilize critical systems. … Read more
“’You should certainly interact with your (cyber) insurance brokers in that regard and speak with them about the best circumstance for you,’ (PowerSchool Chief Legal Officer Michael) Bisignano” has been advising clients of the firm, which this month began alerting clients of its recent breach. How the PowerSchool Hack and the Need for Cyber Insurance … Read more