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Top News about Cyber Insurance
Growing Cyber Risk Meets Uneven SMB Response Small and medium-sized businesses (SMBs) increasingly understand the cyber risks they face, but many still fall short on defense. This is the central theme of CrowdStrike’s newly released 2025 State of SMB Cybersecurity Report. Despite 93% of SMBs reporting awareness of cybersecurity risks, only 36% invest in modern … Read more
We recently told you how a cyber insurance settlement of $30 million boosted Q1-2025 results for Sonic Automative, which was hit by the ransomware attack last year on CDK Global, provider of software for auto dealerships. Now two more of America’s largest auto dealers have made public filings touching on the hack and their actual … Read more
Coalition, a U.S.-based “Active” cyber insurance provider, is entering the Nordic market with new offerings in Denmark and Sweden. Services are now live in Denmark as of 1 May 2025 and will begin in Sweden on 8 May 2025. “Active Insurance” combines traditional coverage with real-time cyber risk monitoring and prevention tools to help businesses … Read more
Cybersecurity Concerns Front and Center Cybersecurity across the U.S. Maritime Transportation System (MTS) remains a pressing concern, according to Rear Admiral Wayne R. Arguin’s introduction in the Coast Guard’s 2024 Port State Control Annual Report. He stresses that increased digital integration has opened new vulnerabilities in maritime operations. Arguin calls on industry leaders to evaluate … Read more
Cyber Reinsurance Growth Picks Up Speed The cyber (re)insurance market is on the rise. Capacity and innovation have grown after hard market years in 2021–2022. According to Howden Re’s 2025 “Into the Cyberverse” report, confidence is returning. Non-proportional coverage is replacing traditional quota share deals. Buyers now focus on protecting against catastrophic tail risk, not … Read more