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Top News about Cyber Insurance
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
Affluent North Americans say cyber risk worries them most. Yet many still underinsure their digital lives and misjudge the scale of potential losses. The new Chubb 2025 Wealth Report, The Resilient Mindset: Turning Risk Awareness into Advantage, surveys 1,000 wealthy households across the United States and Canada and shows a sharp gap between concern and … Read more
Soft Cyber Market Faces Intensifying Ransomware Risk Ransomware continues to spread while cyber insurance pricing weakens, according to CyberCube’s Global Threat Briefing H2 2025. The report warns that capacity still exceeds demand after three straight years of rate decreases. Competition pushes carriers to relax premiums, limits, and cyber coverage terms. At the same time, threat … Read more