The Source for Cyber Insurance News, Insights and Data
The Cyber Monitoring Centre (CMC) has launched a classification system to categorize cyber events affecting UK organizations. This initiative provides a way to assess and communicate the severity of cyber incidents. The system ranks events on a scale from one (least severe) to five (most severe). Cybersecurity Monitoring The way we think about the Cyber … Read more
A recent CyberArk study found that 30% of employees share workplace passwords, creating an MFA security gap. The study surveyed 14,003 employees across six countries and revealed that 49% reuse passwords across multiple work applications, creating additional vulnerabilities. Findings like these are not new, and they highlight the ongoing risks businesses face. Risks that are … Read more
A new report from SecurityScorecard reveals some interesting details about third-party cyber risks in insurance. Among them, 59% of insurance industry breaches stem from third-party attack vectors. These findings underscore vulnerabilities in the supply chain that expose critical policyholder data to cyber threats. The study analyzed 150 top insurance firms, revealing an industry struggling with … Read more
Converge Insurance has secured underwriting capacity from Obsidian Insurance Group. This enables it to offer cyber insurance for companies with up to $1 billion in revenue. A panel of reinsurers backs the partnership and aims to support wholesale brokers with comprehensive cyber coverage. Expanded Cyber Insurance Capacity Converge cyber insurance offerings include: Leadership Statements on … Read more
CYPFER has named Brian Burke as Vice President (VP) of Insurance & Law Strategy. Burke brings nearly a decade of experience in incident response and cyber insurance. Cybersecurity Incident Response Burke has built strong relationships within the cyber insurance and legal sectors. He has worked with insurers, brokers, and law firms to manage cybersecurity incidents … Read more