The Source for Cyber Insurance News, Insights and Data
Top News about Cyber Insurance
New Estimates of Cyber Insurance Market Size – We like to keep up to date on analysis of the size and growth of the cyber insurance market. Days ago Gallagher, the large cyber insurance broker, reported the cybersecurity insurance market is projected to surge from $16.66 billion in gross written premiums in 2023 to $120.47 … Read more
The Risk Placement Service (RPS) 2025 Cyber Market Outlook reads like a dashboard for the Cyber Insurance Market. Prices cool, capacity swells, and systemic exposures intensify. Vendors sit at the blast radius as incidents cascade across customers. AI accelerates crime and complicates coverage. Steve Robinson, RPS National Cyber Practice Leader, sets the stakes and the … Read more
Manufacturing cybersecurity now commands board attention. Rockwell Automation’s 10th “State of Smart Manufacturing” places cyber threats second among external risks, after economic conditions. Our coverage earlier this week highlighted extreme Operational Technology (OT) loss models nearing $330 billion. Business interruption alone could exceed $172 billion. The stakes for plants and insurers keep rising. Smart manufacturing … Read more
NOT IF BUT WHEN – Cyber risk moves markets and balance sheets. It hits fast and hard. Marks & Spencer forecasts about £300 million in lost operating profit after its April ransomware attack this year. Clorox is suing Cognizant for $380 million over a breach tied to 2023, with the claim filed this year. SK … Read more
GPS Spoofing and the Risk to Maritime Navigation – A new report from the Association of Average Adjusters examines the murky intersection of cyber exclusion clauses and modern maritime threats like GPS spoofing. GPS spoofing involves the transmission of fake navigation signals that mislead a ship’s systems about its real-time location. The result? A vessel … Read more