The Source for Cyber Insurance News, Insights and Data
Top News about Cyber Insurance
We’ve reported that insurance giant Aflac filed an SEC 8-K form in June to disclose that a hacker had used “social engineering” to gain “unauthorized access to its network.” Interestingly, at least for cyber insurance nerds such as us, Aflac did not file an “Item 1.05” 8-K for a “material” cyber event, but rather an … Read more
We’ve long covered the SEC’s regulation requiring public companies to disclose serious cybersecurity incidents in an 8-K filing. See several updates and the text of the cyber disclosure regulation here. A common theme since the rules were released in 2023 has been confusion about when cybersecurity 8-Ks must be filed. The rules seem straightforward on … Read more
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