The Source for Cyber Insurance News, Insights and Data
Cobalt, a leader in Pentest as a Service (PtaaS) and offensive security solutions, has released its 2024 State of Pentesting Report. The report sheds light on the challenges the cybersecurity industry faces as it navigates staffing shortages and the rise of AI-driven threats. The report, which includes analysis from 4,068 pentests, indicates a 21% increase … Read more
CRISIL Limited and Maxxsure have entered into a strategic partnership to enhance technology risk management by incorporating cyber insurance into their services. Announced from New York and Mumbai, this alliance focuses on delivering advisory services and cyber risk insights to help enterprises globally manage and mitigate technology-related risks more effectively. Arul Yagappan, Head of Non-Financial … Read more
Marsh, a global insurance broker, and risk advisor has expanded its Cyber ECHO facility by adding a $25 million layer to the existing $100 million capacity. This enhancement increases the total excess cyber insurance coverage available to Marsh clients to $125 million, establishing it as the largest facility of its kind in the market. The … Read more
CyberCube has partnered with CatX, a digital marketplace that connects (re)insurers and brokers with alternative capital, to enhance CatX’s capabilities in cyber risk analytics. The collaboration aims to improve CatX’s capacity to model and price cyber risks more effectively, thereby supporting brokers and (re)insurers in expanding their capacity bases. The partnership will see the integration … Read more
We told you about Coalition’s findings on business email compromise (BEC), as reported in the managing general agent’s 2024 Cyber Claims Report. But we were also struck by the data on Fund Transfer Fraud or FTF. Both the frequency and severity of FTF claims increased from 2023 to 2024. Claims were up 15% YOY and … Read more