Cyber Insurance

Top News about Cyber Insurance

Lloyd’s Market Association Releases Framework for Systemic Cyber Risk Mitigation

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The Lloyd’s Market Association (LMA) has unveiled a critical framework for assessing systemic cyber risks, offering insurers and policymakers a robust tool to tackle the evolving digital threats confronting industries globally. As cyber threats become more sophisticated, this report highlights how interconnected systems and rapid technological advancements reshape risk landscapes and necessitate comprehensive risk management … Read more

Better Late Than Never & Better Insured Than Not: NY Town Announces Hack & Expected Recovery from Cyber Insurance for Government

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The town of Webster, NY has announced it lost more than $520,000 in a phishing attack in November, but says local police have recovered $300,000 of the stolen money and its cyber insurer is expected to cover another $240,000 under the town’s cyber insurance for government. The incident has been described as a phishing attack, … Read more

Cyber Insurance: Does It Really Pay Out? Insights from Woodruff Sawyer

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Cyber insurance has often been accused of failing to deliver when it’s needed most. David Anderson, a specialist at Woodruff Sawyer, has written “Does Cyber Insurance Pay Out?” to set the record straight. Backed by data and years of expertise, Anderson explains how tailored cyber insurance policies protect businesses, attacking the myth that these policies … Read more

Old Republic Launches New Cyber and Technology Insurance Subsidiary

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Old Republic International Corporation (NYSE: ORI) has announced the formation of Old Republic Cyber, Inc., a new underwriting subsidiary specializing in Cyber and Technology Errors and Omissions (E&O) insurance products. This initiative marks the seventh specialty company launched by Old Republic in the past nine years, reinforcing its commitment to diversification and innovation. The newly … Read more

AI Cybersecurity Threats: A Dominating Force in Arelion’s Latest Report

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Artificial Intelligence in Cybersecurity: A Double-Edged Sword Arelion’s new report, “Artificial Intelligence: Opportunity or Threat for Global Networks?“, highlights the transformative yet perilous role of AI in the cybersecurity landscape. While AI offers vast opportunities to enhance network operations, its adoption has simultaneously heightened vulnerabilities as AI cybersecurity threats become more sophisticated. AI-Powered Cyberattacks: A … Read more

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