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Top News about Cyber Insurance
Ever been in a massive traffic jam and wonder what the heck was causing it? The citizens of one city actually got a (disturbing) answer — a cyber hack was the culprit. The Polish town of Olsztyn—a “Smart City” with automated traffic monitoring and Wi-Fi-equipped trams—ground to a halt in 2023 due to a cyber … Read more
Cyber Reinsurance Moves to the Center of the 2026 Renewal Cycle Cyber risk changed how the industry talks about reinsurance in 2026. Guy Carpenter’s January 1, 2026, Reinsurance Renewal Report shows that cyber reinsurance is evolving faster than other major lines. Prices dropped, structures became stricter, and more capital entered the market. Reinsurers moved cyber … Read more
Illinois Cyber Insurance Litigation The ruling in Illinois cyber insurance litigation, which came last month in the state’s appeals court, stemmed from the high-profile 2021 ransomware attack on Kronos Private Cloud (now part of UKG), in which hackers exploited vulnerabilities like Log4j to disrupt payroll and HR services for millions of employees worldwide. Clients, including … Read more
Shopify, the global ecommerce platform, has issued a warning to the millions of companies that use its platform: you better get cyber insurance for small business. “Shopify secures its platform, but you’re responsible for your store’s data. Learn why cyber insurance is essential for protecting your business from data breaches, phishing, and app risks,” the … Read more
Words matter! Every single one. “The difference between the almost right word and the right word is really a large matter. ’tis the difference between the lightning bug and the lightning,” is how Mark Twain put it. He may not have been talking about incident response following a cyberattack, but his admonition still applies. A cyberattack can feel like … Read more