The Source for Cyber Insurance News, Insights and Data
Top News about Cyber Insurance
Seventy percent of US business insurance buyers now carry cyber cover. That is the highest share Travelers has recorded since its Risk Index turned cyber-focused in 2018. The same buyers report 89 percent day-to-day AI use across their workforce. Fifty-nine percent have formal practices governing that use. They are buying the policy faster than they … Read more
CISOs, beware of deepfake social engineering! Four in ten chief information security officers have now sat through a deepfake on a work audio call. More than a third have seen one on video. Security awareness training taught people to spot a bad link and a wrong domain. It never taught them to doubt a familiar … Read more
A carrier has put the question in writing. AI-related losses “may not fall neatly into one category of risk.” AXA XL and S-RM published Building Resilient AI on 23 September. The report names four loss scenarios that will test that sentence. A deepfake-enabled payment fraud. An AI-related data breach. A defective output causing third-party loss. … Read more
Eighty-eight percent of industrial security leaders describe their OT security program as planned or design-led. Twenty-one percent report a complete asset inventory. A program cannot protect equipment nobody has counted. Honeywell Technologies has now put a number on what that gap costs in hours. Its inaugural OT Cybersecurity Benchmark Report surveyed 603 respondents across critical … Read more
Eighty-seven percent of security teams now use AI in their operations. Sixty-four percent have never rehearsed an AI incident. Eight percent drill for one regularly. A plan nobody has run is a document, not a capability. Underwriters already know that distinction. It is why applications ask whether backups have been tested, not simply whether they … Read more