The Source for Cyber Insurance News, Insights and Data
The global cyber insurance market is projected to grow from $9.35 billion in 2021 to $68.17 billion by 2030, at a CAGR of 24.1%, according to a new report by Verified Market Research. The growth is being driven by a number of factors, including: The report segments the global cyber insurance market by deployment model, … Read more
Accenture, a global professional services company, has acquired MNEMO Mexico, a privately held company specializing in managed cybersecurity services. Financial terms of the acquisition were not disclosed. MNEMO Mexico was founded in 2012 and has 229 cybersecurity professionals with 180 cybersecurity industry certifications. The company’s portfolio includes advanced cyber defense and response capabilities, a cyber … Read more
Hanover Specialty’s new report reveals that small- and mid-sized businesses generally lack preparedness for the increasing threat of a cyberattack, even though they have high confidence in their organization’s cybersecurity posture. The report, titled “2023 Cyber Resiliency Report,” found that only 7% of small- to mid-sized businesses think it’s very likely that a cyberattack will … Read more
Protos Labs, a Singapore-based cyber risk management company, announced today that it has raised $3 million in seed funding. The company plans to use the funds to accelerate its global expansion and product development as it works to revolutionize the cyber insurance and risk management landscape. The cyber risk landscape is constantly evolving, making it … Read more
The global economy relies heavily on shipping, with over 90% of global trade transported by sea. However, the maritime industry remains an “easy target” for cybercriminals. This cyber risk and the cost of attacks and demand for ransom payments across the sector have skyrocketed over the past 12 months, according to a new report by … Read more