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Top News about Cyber Insurance
A Sharp Rise in Senior Scam Losses – Making victims of the vulnerable is nothing new. But apps, phone banking, online banking, AI, and deepfakes are supercharging scams against seniors. Criminals are exploiting digital tools to drain life savings, leaving older Americans devastated. The Federal Trade Commission (FTC) reports staggering increases in scams targeting seniors, … Read more
CyberCube and Supercede have announced a partnership aimed at making cyber reinsurance placement faster and better. The partnership enables brokers and carriers to send structured submission data directly from Supercede into CyberCube’s analytics platform. This automation removes manual formatting and reduces delays. Faster, Cleaner Data Transfers Joint clients can now transfer CyberCube-compatible portfolio data in … Read more
As the risks of AI grow alongside its benefits, many insurers are taking action to exclude AI-related liabilities from policies. But these AI insurance exclusions appear more common in coverage such as directors and officers (D&O) and errors and omissions (E&O) than cyber insurance, where insurers often cover AI liabilities and are adding coverage. These … Read more
In the latest episode of the Cyber Insurance News & Information Podcast, host Martin Hinton sits down with Joseph Wright, an incident response specialist and Vice President of Services at Blue Team Alpha. With over two decades of experience in the U.S. Coast Guard rescuing people at sea, Wright now dedicates his career to rescuing … Read more
In today’s interconnected digital landscape, businesses face significant risks that directly affect their bottom line. The emergence of remote work, global subcontractors, cloud services, and Artificial Intelligence (AI), while increasing efficiency, has also dramatically expanded the potential for cyber threats. The question of identity verification becomes paramount when considering the potential business impact of fraud … Read more