The Source for Cyber Insurance News, Insights and Data
Top News about Cyber Insurance
Suppose startups are the kids of the business world. In that case, the latest Embroker report suggests they’re growing up fast when it comes to startup cybersecurity. Among the findings in the 2024 Cyber Risk Index? That 93% of startups now carry cyber insurance. This is an obvious sign of increasing maturity in addressing cyber … Read more
Bitdefender announced a new cybersecurity breach warranty program for businesses using its Managed Detection and Response (MDR) services. The program offers Bitdefender customers up to $1 million in Cysurance Certification Warranty and access to discounted premium cyber insurance coverage. Delivered through a partnership with Cysurance, the warranty provides financial compensation if a security incident affects … Read more
ReasonLabs has launched its Online Security platform for Android and iOS devices. The platform offers protection for devices, identities, and privacy, and includes $1 million in cyber insurance to help users recover lost funds and restoration expenses. The platform aims to help users combat the growing threat of online scams and cybercrime. In 2023, Americans … Read more
You needn’t go far to find market projections of dramatic growth for the cyber insurance industry, such as this recent estimate of 22.60%CAGR from 2022 to 2030. Not so fast (pun intended) says Swiss Re in its new report “Reality Check on the Future of the Cyber Insurance Market,” which predicts growth of “just” 8% … Read more
THREE Business Insurance has released insights on affordable financial protection and bar insurance coverage options. One they highlight is the growing importance of cyber insurance. Many bar owners mistakenly believe they must be bigger to attract cybercriminals. Still, recent incidents show that no business is immune. In a recent example, Bret Csencsitz, owner of the … Read more