Here it is—Your Cyber Insurance Sunday—Upload. The latest cybersecurity insurance news. A few items from the week: Marsh and others look at Ransomware; Partnerships abound Backblaze and Coalition as well as Cavelo and DataStream: Vantage Risk Launches; And a reminder cybercriminals take out targets large and small. Some we reported on, and others we found interesting. There’s more. Take a look. Share it. Enjoy the reads. Enjoy the day! And Happy Father’s Day.
- Given the threat, it’s not surprising that Ransomware found coverage this week in a couple of items. Marsh Report Reveals Ransomware’s Persistent Threat in 2023 Cyber Insurance Claims and 1/3 of Ransomware Victims Did Not Recover Data Even After Paying Up.
- Partnerships to enhance security and simplify cyber liability coverage all percolated this week. Backblaze and Coalition Partner to Enhance Cyber Risk Protection and Cavelo and DataStream Insurance Partner to Streamline MSP Cyber Insurance.
- Vantage Risk launches something new. Vantage Risk Launches U.S. Primary Cyber Insurance Amid Rising Cybercrime Threats.
- Pledges got signed. SecurityScorecard Signs CISA’s Secure by Design Pledge
- And an examination of the financial side. Cyber Cat Bonds Hold Up in Secondary Market; More Expected.
- A few thoughts on AI and LLM’s impact on cyber coverage. How AI and LLMs are revolutionizing cyber insurance.
- Given the economy’s reliance on trucking, this is most noteworthy. Is cyber security insurance trucking’s next big premium?
- Finally, a reminder: you are never too quaint for a cyberattack. Newburgh City Hall to re-open on Monday; Services being restored after cybersecurity attack.