The Source for Cyber Insurance News, Insights and Data
Demand for cyber insurance-linked securities (ILS) products should increase and there’s plenty of room for growth given their relatively low volume compared to similar securities linked to natural events, says Fitch Ratings, a major provider of credit ratings and analysis. “These (recent ILS) transactions of $145 million are a small fraction relative to the $10 … Read more
SMEs Struggle to Keep Up with Cybersecurity Standards Small and medium-sized enterprises (SMEs) in the European Union are falling behind larger organizations in cybersecurity, according to a new report by Marsh in collaboration with the Federation of European Risk Management Associations (FERMA). The report, Why the Cybersecurity Gap Between SMEs and Large Organisations Matters, reveals … Read more
Resilience has expanded its partnership with UK-based insurer RSA to offer surplus lines of cyber insurance to US businesses through London’s wholesale market. The move allows companies with revenue between $75 million and $10 billion to access coverage outside traditional US markets. Expanded Cyber Insurance Capacity Resilience’s new initiative enables US clients to secure cyber … Read more
Team8’s Latest Report Highlights Emerging Fraud Threats and Strategies for Prevention The battle against fraud is entering a new phase, driven by artificial intelligence (AI) and real-time payments. A new report from Team8, Fraud Exposed: An In-Depth Look at AI and Other Disruptive Trends and Technologies Shaping the Fraud Landscape, outlines the evolving fraud landscape … Read more
We’ve reported extensively on the SEC cyber disclosure rule that requires public companies to submit 8-K filings when they’re hit with cyber attacks. For some reason, the rule has attracted criticism from several media outlets in recent days. Earlier this week Bloomberg Law provided a critical review (under paywall) of how companies have responded to … Read more