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Top News about Cyber Insurance
Modern Bank Robberies Have Gone Digital – Retire the getaway car. Save the ski mask for skiing. The days of the bank heist are dwindling. Well, not really. U.S. bank robberies peaked in 1991 at 9,388. By 2023, the number dropped to 1,362, an 83% decline in 20 years. Today, the average stolen haul is … Read more
News Amid 2024 Threat Surge – France spent 2024 on alert as Paris readied the Games and attackers gathered. France’s National Agency for the Security of Information Systems (ANSSI) logged 4,386 cybersecurity events. That represents a 15% over 2023. Intrusions targeted critical infrastructure and Olympics-linked systems drew intensified strikes. The year’s story was “pression” (pressure), … Read more
Cyber insurance is changing fast, and carriers now expect real, working security controls, not just promises on a form. Miss a baseline like MFA or patching, and a single breach can turn into a denied claim plus weeks of downtime. This guide breaks down the seven requirements most insurers look for and shows what happens … Read more
20/20 Vision for Cyber Risk – AOAExcel sees the cyber risk and the need for cyber liability insurance in optometry. Along with Lockton Affinity, they have launched coverage to protect optometric practices from the costs and reputational damage done by a cyberattack. A leading cyber insurer underwrites the coverage. The move targets rising cyber threats. … Read more
New Estimates of Cyber Insurance Market Size – We like to keep up to date on analysis of the size and growth of the cyber insurance market. Days ago Gallagher, the large cyber insurance broker, reported the cybersecurity insurance market is projected to surge from $16.66 billion in gross written premiums in 2023 to $120.47 … Read more