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Top News about Cyber Insurance
The Can’t Help Desk – Get ready: your friendly neighborhood help desk is about to become a lot less helpful. Consider it another shining achievement of our digital age. Right up there with self-driving cars that drive into walls and social media that makes everyone hate each other more efficiently. Now, “help desks,” once the … Read more
“It Won’t Happen to Me.” Are we all teenagers at heart? Most small business owners feel safe from cyber risk. They shouldn’t. A new study exposes how misplaced confidence leaves digital doors wide open. Recent research by Coalition, the Small Business Cybersecurity Study, reveals a glaring gap in how small businesses perceive and respond to … Read more
GoSecure has entered a strategic partnership with Northbridge Financial Corporation to enhance cybersecurity incident response for insured commercial clients. GoSecure will support cyber policyholders from Northbridge Insurance and Federated Insurance. Customers will gain 24/7 access to an incident response hotline, cybersecurity consultations, and threat prevention tools. Cyber Risk Management Through Proactive Services GoSecure will act … Read more
Wind (including hurricanes) and earthquakes have long been the “peak perils” that keep insurance executives up at night and dominate the $54 billion market for cat (catastrophe) bonds to backstop insurance and resinsurance companies. But now cyber cat bonds are moving up in demand, in part because cyber risk is (in general) uncorrelated with natural … Read more
Global Market Poised for Strong Growth – The cyber insurance market is projected to reach USD 73.5 billion by 2033. This estimate is courtesy of new research from the IMARC Group. It stood at USD 14.2 billion in 2024. This growth represents a 17.88% compound annual growth rate (CAGR) over the forecast period. Rising Threats … Read more