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Top News about Cyber Insurance
Vendors Remain the Systemic Nightmare Scenario Cyber insurance still faces its biggest unknown: a major third-party outage hitting thousands of customers at once. On the latest Cyber Insurance News & Information podcast, host and executive editor Martin Hinton talks with Peter Foster, Chairman of Willis’ Global FINEX Cyber Solutions, about that risk. Foster describes a … Read more
The latest UK Government research on national cyber risk opens with a stark warning that sets the tone for the entire report. Officials outline the scale of the threat and link it directly to rising pressure on businesses, regulators, and insurers across the country. “Cyber attacks represent one of the most pressing threats to the … Read more
High-Cost Breaches Raise the Stakes When Marks & Spencer (M&S) announced a cyberattack that will cost about £300 million (~$400 million) and wipe almost £700 million off its market value, the retail world sat up. A week later, Co‑op revealed that a “malicious” cyberattack had hit its profits by £80 million. These headline-grabbing figures show … Read more
N-able has launched a Cyber Warranty Program providing financial protection of up to $100,000 per protected entity. The program supports Managed Services Providers (MSPs) using the Adlumin MDR Advanced package. It offers quick financial recovery after eligible cyber incidents. The warranty helps businesses recover costs after a cyberattack. Many firms underestimate the cost of forensic … Read more
BOXX Insurance has expanded its Cyber Insurance Coverage suite with the launch of Tech E&O by BOXX. The new offering is a combined Errors and Omissions and cyber protection solution for technology companies. The product is intended for fast-growing sectors such as SaaS, artificial intelligence, and digital infrastructure. Modern Protection for Advanced Tech Risks The … Read more