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Cyber Insurance Sunday – Upload

Posted on March 31, 2024March 31, 2024 By Martin Hinton

Here it is—Your Cyber Insurance Sunday—Upload—A few items from the week. Some we reported on, and others we found interesting: Coalition with AI and expansion news, Marsh with a new offering, UnitedHealthcare and a $10 Million bounty, And AT&T confirms customer data numbering in the 10s of millions leaked on the Dark Web. There’s more. Take a look. Share it. Enjoy the reads. Enjoy the day!

  • Coalition making with some news this week: Coalition Announces New AI Endorsement to its Cyber Insurance Policies and they grow, Coalition Insurance Company Now Quoting in All 50 U.S. States and DC.
  • Something new from Marsh: Marsh Launches Edgware Re: A New Cyber Insurance Solution for Enhanced Control and Stability.
  • And a twist on being safe behind the wheel: HSB Launches “Cyber for Auto” Insurance to Protect Against Vehicle Cyber Threats.
  • UnitedHealthcare, you knew there’d be more to come on that: UnitedHealth Group Confirms Data Stolen in Change Healthcare Ransomware Attack. Have another, US offers $10 million bounty for information on UnitedHealth hackers.
  • There is probably a caller ID joke in this: AT&T Says Data on 73 Million Customers Leaked on Dark Web.
  • Something out of Ireland on the and threats to small business: With digital crime on the rise, SMEs underestimate the need to invest in cybersecurity at their peril.
  • This touches on the gap between damage and coverage: Cyber Thieves Phish Away a $735K Payment to a Minnesota Contractor.
  • Last but certainly not least: How will the Merck settlement affect the insurance industry?
Cyber Insurance, Cyber Insurance Sunday - Upload Tags:cyber insurance, cyber liability insurance, Cybersecurity

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In the wake of the Harrods hack and cyberattacks impacting other retailers, the alarming state of UK cybersecurity will be revealed in 2024. From cyberattacks hitting major UK retailers like Co-op and Harrods to small businesses struggling without protection, the message is clear—cybercrime is a national threat.

New research by Pen Underwriting reveals that while 90% of UK and Irish businesses feel secure, only 47% have dedicated cyber insurance. Even more shocking—only 18% of businesses earning under £1 million are covered. The cost isn’t just financial—real people suffer, like the couple who lost their wedding cake due to a ransomware attack.

Watch now to understand:

Why UK businesses are dangerously unprepared

How cyberattacks are more common than fires or theft

The key role of employee training, data backups, and multi-factor authentication (MFA)

Why cyber insurance is no longer optional

Visit www.cyberinsurancenews.org for the latest cyber insurance and cybersecurity updates.

#UKCybersecurity #CyberInsurance #SmallBusinessSecurity #CyberCrime
Harrods hack UK Cybersecurity Crisis: Shocking Stats, Real Victims & Business Risks. #cybersecurity
Cyber Insurance Compliance Is Reshaping Security in 2025!

Cyber insurance compliance is no longer optional—it's a driving force behind how companies build and execute cybersecurity strategies. In this video, we break down the latest insights from the 2025 State of Pentesting report:

✅ 59% of U.S. businesses now implement new security tools based on insurer recommendations
✅ 93% of CISOs are guided by mandates from insurance providers
✅ Pentesting isn't just for compliance—it's about proving you're covered and protected
✅ The average enterprise is spending $187,000+ annually on penetration testing

As premiums stabilize, cyber insurance compliance is pushing companies toward proactive, automated, and continuous risk assessment. Learn how to stay ahead, reduce exposure, and align with both regulators and insurers.

💡 Don’t forget to like, subscribe, and hit the bell to stay updated on the latest in cybersecurity and insurance trends!

#CyberInsuranceCompliance #CyberSecurity #PenetrationTesting #CISO #InfoSec #CyberInsurance #RiskManagement #Compliance2025 #EnterpriseSecurity #CyberDefense #TechTrends #InsuranceTech
Cyber Insurance Compliance Is Reshaping Security in 2025 #cyberinsurance
In this video, we break down the massive cyber insurance settlements following the CDK Global ransomware attack that rocked the automotive industry. 🚗💻

Auto giants like Asbury Automotive Group reported up to $10 million in cyber insurance recovery, while AutoNation only recently filed their claim — months after the breach! We explore the financial disclosures, the delayed responses, and what this means for car dealerships, investors, and cybersecurity preparedness.

Learn:
✔️ How cyber insurance is shaping post-breach recovery
✔️ Why SEC filings like 10-Q and 8-K matter
✔️ What lessons other businesses can learn from this
✔️ The real cost of a ransomware attack in automotive retail

🔔 Subscribe for more deep dives into cybersecurity, tech, and industry trends!
#cyberinsurance #CDKGlobal #RansomwareAttack #AutoIndustry #CyberSecurityNews
$10M Cyber Insurance Payout: CDK Ransomware Fallout Hits Auto Giants | #cyberinsurance
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