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Top News about Cyber Insurance
Nearly three-quarters of mid-market business owners say they buy cyber insurance. Almost a quarter report having no AI policies, controls, or oversight. Nationwide’s latest survey puts two measures of preparedness side by side. Insurance ownership reaches 73% among mid-market respondents. The share reporting no AI governance measures reaches 24%, twice the small-business figure. Nationwide publishes … Read more
Threat actors are using AI chatbots to negotiate ransoms. Travelers’ Director of Cyber Risk Services says they are not setting the price. They are removing the hours a victim needs to check backups and understand what happened. The pricing decision is still human. The clock is not. Matthew Butler, Director of Cyber Risk Services at … Read more
An AI agent ran a ransomware attack in July with nobody at the keyboard. When its first login failed, it read the error and corrected itself in seconds. Shelterzoom’s CEO says that becomes standard practice in months, not years. The AI did not need a human at the keyboard. Chao Cheng-Shorland, co-founder and CEO of … Read more
We Are Asking The Market What It Actually Sees – Cyber Insurance News has launched a survey of market participants. It takes about eight minutes. We are asking underwriters, brokers, CISOs, risk managers, and reinsurance practitioners what they expect over the next 24 months. Where AI-driven threats push loss frequency and severity, assuming policy wordings … Read more
No Attacker. No Breach. Still A Loss. The most useful page in CyberCube’s new AI risk report is a blank grid. Exhibit 5 sets six AI event families against eleven policy types: cyber, crime, media, technology errors and omissions, professional indemnity, directors and officers, general liability, property, products liability, auto liability, and standalone AI. Three … Read more