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Top News about Cyber Insurance
Kratz Takes Helm of Cyber Practice “What is cyber insurance?” “How do I get a cyber insurance policy?”You can start by asking Ryan Kratz. MSIG USA appointed him as head of cyber for North America. The company announced the move in New York after expanding its cyber strategy across the U.S. market. Kratz reports to … Read more
Distraction is their ally. From holiday parties to gift lists to travel plans, the holidays provide bad actors a prime time to do their crime. Cybercrime increases worldwide during the holiday season. Shoppers rush, support staff operate with reduced numbers, and festive distractions create gaps in awareness. With America’s Thanksgiving approaching, warnings about holiday scams … Read more
Record Supply Chain Breaches Put Risk Programs Under Pressure BlueVoyant’s latest State of Supply Chain Defense report delivers a message that’s hard to ignore. Ninety-seven percent of surveyed organizations suffered negative impacts from at least one supply chain cyber breach in the past year. That figure represents a double-digit increase from 81% in 2024. These … Read more
Imagine the early days of property and casualty insurance. An underwriter might have refused to insure a factory stacked with matches. Yet that same insurer might have escorted the owner to a sprinkler installer to reduce the fire threat and make the risk insurable. That may be a simple, imagined analogy. But cyber insurers now … Read more
Cybercrime is a personal financial threat, and a new workplace benefit signals a shift that addresses this reality and its impact beyond the home. Allstate introduced Scam Protection, which functions like personal cyber insurance inside employee benefits packages. The launch reflects the broad reach of digital crime. No one is immune, and distribution channels mirror … Read more