The Source for Cyber Insurance News, Insights and Data
Technavio’s latest report, Aerospace Insurance Market Analysis, predicts that the global aerospace insurance market will expand by USD 819.3 million from 2024 to 2028. That’s a CAGR of 4.48%. This is driven by the expansion and construction of new airports and a notable shift towards non-airline aviation services like charter flights. Cyber Liability Insurance One … Read more
Ransomware, a form of malicious software, kidnaps an organization’s data, encrypts it, and demands a ransom for its release. This modern-day digital extortion has historical roots in the practice of demanding ransom for kidnapped individuals, a method used by pirates and bandits for centuries. The digital age has transformed this age-old crime into a significant … Read more
In response to the European Union’s stringent new Network and Information Security Directive cybersecurity regulations (NIS2), Bitsight, a global cyber risk management firm, has announced significant investments to enhance its third-party risk management solutions in Europe. These investments aim to help businesses comply with the NIS2 Directive, which mandates stronger cybersecurity measures and improved risk … Read more
In the realm of data protection, the principle of “two is one, one is none” underscores the critical importance of having reliable backups. In an emergency, the worst-case scenario is the failure of a crucial piece of equipment or the depletion of essential materials. Securely backing up data is fundamental to maintaining business continuity and … Read more
The Asia-Pacific (APAC) region faces a significant surge in cybercrime, driven by rapid digitalization and the widespread adoption of new technologies such as cloud computing, blockchain, and the Internet of Things (IoT). According to Statista research, the global cost of cybercrime is currently estimated at over seven trillion U.S. dollars and is expected to increase … Read more