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Top News about Cyber Insurance
NordProtect, a digital identity theft protection service from NordVPN, is now available as a stand-alone product in the United States. Previously, it was only accessible through NordVPN’s Prime plan. We have previously reported on credit monitoring, identity theft, Dark Web monitoring, online fraud and extortion, and the growing demand for personal cyber insurance. New Online … Read more
A new report from KnowBe4 highlights a troubling reality: the education sector is dangerously unprepared for an onslaught of cyberattacks. The report, titled From Primary Schools to Universities: The Global Education Sector is Unprepared for Escalating Cyber Attacks, reveals that schools and universities are prime targets due to various factors. These include sensitive data, outdated … Read more
According to S&P’s Cyber Risk Insights: Cyber Catastrophe Bonds Offer Greater Scope for Risk Mitigation, the cyber ILS market is poised for significant expansion. With rising demand for cyber insurance, interest in cyber insurance-linked securities (ILS) is growing. However, challenges such as policy standardization, investor education, and complex risk modeling may slow its progress. Cyber … Read more
A catastrophic cyberattack on America’s critical infrastructure is no longer a question of if but when. The new Netflix series Zero Day, starring Robert De Niro, dramatizes this terrifying reality—a massive cyber onslaught that cripples infrastructure, claims thousands of lives, and plunges the country into chaos. State-sponsored cybercrime, cyber warfare, or a Zero Day cyberattack … Read more
Marsh has introduced Cyber Echo Encore. This is an enhancement to its Cyber Echo insurance facility. The expansion provides up to $45 million in additional cyber insurance capacity. The cyber risk protection is underwritten by London market insurers outside of Lloyd’s. Broader Coverage Beyond Lloyd’s Market Lloyd’s launched Cyber Echo in 2016, making it the … Read more