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Top News about Cyber Insurance
A new report from InsightAce Analytic Pvt. Ltd. examines the global cyber insurance market, forecasting significant growth through 2031. The report highlights a projected market size of over $91.22 billion by 2031, with a robust compound annual growth rate (CAGR) of 23.78%. Rising incidents of cybercrime, driven by increased online activity and social media use, … Read more
It’s been a year since public companies had to start complying with new SEC cyber incident disclosure rules requiring Form 8-Ks for “material” cyber events. Law firm Paul Hastings has now released a study of 75 disclosures from 45 companies between December 2023 and October 2024. It shows a 60% increase in the number of … Read more
The 2024 Cyber Market Report, issued by Tokio Marine HCC, examines the shifting dynamics of the U.S. cyber insurance industry. It highlights challenges such as slowed growth, evolving threats, and the increasing need for innovative risk management strategies in the US cyber insurance market. The U.S. cyber insurance market is navigating a turning point. Once … Read more
Last week, we detailed several aspects of child cyber safety. Among the issues, the troubling rise of child identity theft, particularly among affluent U.S. households exposed to cybercriminals who exploit their personal details. We reported on how social media habits, insufficient safeguards, and a lack of parental intervention created fertile ground for online predators. That … Read more
Arch Insurance has appointed Ezechiel Symenouh as Senior Cyber Underwriter to expand its European cyber insurance operations. Based in Paris, Symenouh will focus on developing the company’s cyber insurance portfolio across France, Benelux, and the Nordic regions. Symenouh brings extensive experience to the role. He joins Arch Insurance (EU) dac (AIEU) from Tokio Marine HCC, … Read more