Cyber Insurance

Top News about Cyber Insurance

Cyber Insurance-Linked Securities (ILS) Have Large Growth Potential: Fitch

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Demand for cyber insurance-linked securities (ILS) products should increase and there’s plenty of room for growth given their relatively low volume compared to similar securities linked to natural events, says Fitch Ratings, a major provider of credit ratings and analysis. “These (recent ILS) transactions of $145 million are a small fraction relative to the $10 … Read more

Resilience Expands London Cyber Insurance Market for US Businesses

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Resilience has expanded its partnership with UK-based insurer RSA to offer surplus lines of cyber insurance to US businesses through London’s wholesale market. The move allows companies with revenue between $75 million and $10 billion to access coverage outside traditional US markets. Expanded Cyber Insurance Capacity Resilience’s new initiative enables US clients to secure cyber … Read more

AI vs. Fraud: How Cybercriminals Exploit Technology & The Future of Fraud Prevention

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Team8’s Latest Report Highlights Emerging Fraud Threats and Strategies for Prevention The battle against fraud is entering a new phase, driven by artificial intelligence (AI) and real-time payments. A new report from Team8, Fraud Exposed: An In-Depth Look at AI and Other Disruptive Trends and Technologies Shaping the Fraud Landscape, outlines the evolving fraud landscape … Read more

SEC Cyber Disclosure Rule Criticized in Recent Reports

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We’ve reported extensively on the SEC cyber disclosure rule that requires public companies to submit 8-K filings when they’re hit with cyber attacks. For some reason, the rule has attracted criticism from several media outlets in recent days. Earlier this week Bloomberg Law provided a critical review (under paywall) of how companies have responded to … Read more

Global Cyber Threats Surge: 5 Billion Attacks Detected in 2024 – Mimecast Report

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Cybercriminals Exploit Trusted Services for Attacks Cybercriminals increasingly exploit legitimate online services to mask their attacks, according to Mimecast’s Global Threat Intelligence Report (H2 2024). The report highlights a rise in phishing, ransomware, and nation-state-backed cyber operations across global cyber threats. Hackers are leveraging platforms like Microsoft’s OneDrive, Google Docs, and Dropbox to host malicious … Read more

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