Cyber Insurance

Top News about Cyber Insurance

Executives Underestimate Cyberattack Costs, Willis Warns in 2025 Report

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Shocked executives reviewing cyberattack cost reports in a modern boardroom, holding long invoices as red dollar signs and financial graphs rise behind them, illustrating underestimated cybersecurity risks, ransomware losses, data breach costs, cyber insurance exposure, and corporate cyber resilience challenges in 2025.

Corporate leaders continue to underestimate the real cost of cyberattacks. The incident response data tells a painful and expensive story. In Willis’ new Cyber in Focus 2025 report, costs hit staggering heights, betraying a disconnect between perceived cyber readiness and actual cyber resilience: Despite these figures, many executives still express confidence in their cyber readiness. … Read more

Desjardins Launches CyberSuite Plus to Strengthen SME Protection with Cyber Insurance

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Desjardins Insurance has unveiled a new cyber insurance product dubbed CyberSuite Plus. It is designed to protect small and medium-sized enterprises (SMEs) from growing digital risks. According to Statistics Canada, 16% of Canadian businesses experienced cybersecurity incidents in 2023. The rate of cyber attacks jumped to 30% for large companies. These figures, like those from … Read more

CFC Cyber Development Team Expands U.S. Cyber Insurance Operations

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CFC has launched a new U.S.-based cyber development team, reinforcing its position in the cyber insurance market. The company also expanded its regional footprint through the appointments of John Keebler and Morgan Justice. Keebler joins as National Cyber Development Leader for the USA, operating from Chicago. He will oversee strategic cyber initiatives and broker relationships … Read more

Chaucer Expands Cyber Insurance with Vanguard Launch

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A Global Move In Cyber Risk Management Chaucer has launched Vanguard, a new cyber insurance solution. The product focuses on comprehensive cyber risk management, blending proactive defence with swift response and structured recovery. Cyber resilience is the goal. Integrated Defence Through Technology Partnerships Vanguard’s foundation lies in partnerships with BreachBits, BitSight, DeNexus, Orpheus, CrowdStrike, Kennedys, … Read more

Qantas Cuts Exec Comp over Hack, But Silent on Cyber Insurance

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We’ve reported on large companies that were hacked recently but either had no cyber insurance, or were underinsured. Could the Qantas Group (Qantas Airlines) be another one? The company’s board has (modestly) cut executive pay over its June hack, which revealed information on 5.7 million customers, according to the Qantas annual report released last month. … Read more

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