Cyber Insurance Sunday – Labor Day Edition
Here at Cyber Insurance News, we focus on just that, Cyber Insurance. But we want to introduce topics and stories adjacent to insurance that focus on helping you understand the…
Some IT Pro’s Confused About Their Cyber Insurance: InformationWeek Survey
“12% (of 180 IT/cybersecurity professionals surveyed in June) had no idea whether ransomware is covered at all” in their cyber insurance policies.” About 28% of the respondents said their company…
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Gap Opening Between D&O and Cyber Insurance
“’There’s been a hole that’s opening up between cyber and D&O policies, and this will widen the gap and require creative work by brokers to close, (Arturo Perez-Reyes, senior vice…
Cyber Insurers Doing Well, Cyber Reinsurers Not So Much: S&P
Consistent with other recent reports, S&P Global Ratings finds global cyber insurance premiums surging, about $12 billion last year and headed to almost twice that by 2025. At the same…
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The Largest Cyber Insurance Claim Ever Paid?
Cyberattacks are becoming increasingly common and costly. In 2017, one of the largest cyber insurance claims ever paid was a whopping $100 million, paid out to Mondelez International. Mondelez is…
Cyber Insurance May Cost More this Year, But at Least it Takes Longer to Get: Delinea
Our headline is a bit sarcastic, but it captures the findings of a survey covering more than 300 enterprises by Delinea, a provider of Privileged Access Management (PAM) solutions. The…
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Cyber Insurance And Quantum Computing – The New Risk
Quantum computing is a rapidly developing field with the potential to revolutionize many industries. But revolution isn’t always for the good. It also poses serious security risks and businesses need…
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Munich Re Offers Virtual CISOs to Clients
CyRisk provides the service, which it describes in this release as a “virtual CISO advisory service offering under the program includes two 90 minute consultations with CyRisk’s experienced consultants that…
Zurich Acquires Cyber Risk Company; Another Example of the Fusing of Cyber Insurance & Cyber Tech
Zurich buys SpearTip to bolster its cyber risk and mitigation services to customers. “‘Both Zurich Resilience Solutions and SpearTip share a commitment to helping businesses anticipate and prevent cyber threats…
Law Firms Go Unprotected From Cyber Crime
A new study by the Law Society of England and Wales found that 72% of law firms do not have cyber insurance. This is concerning, as cybercrime is a growing…