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“’It’s probably the worst that I’ve seen it in the 27 years that I’ve been doing this,’ said Scott Cornell, a cargo theft specialist at Travelers…As load boards (online platforms that match carriers with freight shipments) evolved to make brokering transactions online easier and faster, criminals—looking to steal large quantities of high-value goods—spotted opportunities, Cornell said.” The … Read more
Integra Insurance and Reinsurance Broking Services, a leading cyber insurance broker in Turkey, announced its adoption of CyberCube’s Broking Manager. In doing so, Integra becomes the first Turkish broker to use this cyber risk analytics platform. This step is part of Integra’s strategy to expand its cyber insurance business and enhance its competitive position in … Read more
Here it is—Your Cyber Insurance Sunday—Upload—A few items from the week. Some we reported on, and others we found interesting. Howden and Cyberwrite team up: A look at the impact of NIST’s Cybersecurity Framework: A Sunday read on the history of Cyber Liability Insurance: And the cherry on top, coverage for bakeries. There’s more. Take … Read more
The cyber insurance market is set to expand significantly, reaching a projected value of USD 68.35 billion by 2032, up from USD 8.2 billion in 2022. This forecast comes from Market Research Future (MRFR), which anticipates a compound annual growth rate (CAGR) of 26.57% between 2023 and 2032. An increase in cyber threats linked to … Read more
It’s been a decade since the National Institute of Standards and Technology (NIST) started developing its Cybersecurity Framework (CSF), which became a “best practices” standard for cyber security. Now the 2024 Healthcare Cybersecurity Benchmarking Study indicates that healthcare enterprises which have implemented the CSF see benefits in their cyber security insurance costs (which increased by … Read more