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Top News about Cyber Insurance
S&P Report Links Cyber Attacks And Auto Credit Quality A new S&P Global Ratings report warns that cyber risk is now an immediate threat to automakers’ credit ratings worldwide. The study, “Auto Sector: When Cyber Risk Becomes Credit Risk,” finds that cyber incidents can quickly disrupt factory operations and hurt company finances. The main points … Read more
As global cyber threats intensify, directors and officers (D&Os) face increased regulatory scrutiny, surging litigation and ballooning insurance premiums, according to the latest Allianz Commercial D&O Insurance Insights 2026 report. D&O insurance for cybersecurity is a hot issue in the industry and at many companies. The Risks – D&O Insurance for Cybersecurity The Allianz report … Read more
The 2025 holiday shopping season is here and is expected to face unprecedented cyber threats. A recent Retail & Hospitality Information Sharing and Analysis Center report predicts a 520% surge in AI-driven traffic during the holiday season with scammers using these tools to commit fraud and identity theft. These AI-powered attacks can mimic human behavior, … Read more
A U.S. bankruptcy judge has approved a cyber liability insurance policy buyback that will allow the company once called 23andMe (now Chrome Holding Co.) to transfer $16.5 million in cash from its cyber insurers to those impacted by its hack (see the key legal document below). The legal decision this week is a step toward … Read more
The Asia-Pacific region now accounts for 34% of global cybercrime incidents in 2024. With that figure in mind, Blackpanda and ST Engineering have announced a regional collaboration on cyber incident response. The agreement links cyber liability insurance with faster breach response for small and mid-sized enterprises across Asia. New Collaboration Targets SME Cyber Risk in … Read more