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Top News about Cyber Insurance
Supply Chain Cyber Risks Growing Faster Than Defenses SecurityScorecard’s latest study delivers a blunt warning: global businesses are facing unprecedented supply chain cyber risks, and most are unprepared. The 2025 Supply Chain Cybersecurity Trends report draws from nearly 550 CISOs and cybersecurity leaders worldwide. It paints a concerning picture of today’s digital supply chain landscape. … Read more
Formation of Cyber Risk Advisory Board Spectra has released its new Certification of Resilience for MSPs, marking an industry first. The certification is designed to improve cyber resilience and insurance outcomes for managed service providers (MSPs). At the same time, Spectra has announced the creation of its 2025 Cyber Risk Advisory Board. The board comprises … Read more
Cyber Risk Stellar Cyber has released an upgraded MITRE ATT&CK Coverage Analyzer. The advanced threat detection tool now allows organizations to quantify detection posture and optimize cyber risk for insurance purposes. Jeff Hill, Global Senior Director at Stellar Cyber, stated, “Risk managers, enterprise security leaders, and insurers need modern tools to understand how technology decisions … Read more
First-Ever In a first-ever, premiums for cybersecurity insurance coverage in the U.S. fell 2.3% in 2024, according to AM Best’s latest report. This marks the first recorded decline since 2015, with total direct premiums written now below $7.1 billion. The loss ratio remained below 50%, suggesting that cyber insurance continues to yield profits. The AM … Read more
Artificial Intelligence Risk We hear about artificial intelligence reshaping cybersecurity. We hear about hackers wielding AI tools. Now, broader AI concerns are entering the spotlight. A recent Hogan Lovells post emphasizes that existing cyber insurance may not be sufficient to cover AI-driven risks. “Existing cyber cover might encompass certain AI-related liabilities, but the cyber market … Read more