The Source for Cyber Insurance News, Insights and Data
CyRisk provides the service, which it describes in this release as a “virtual CISO advisory service offering under the program includes two 90 minute consultations with CyRisk’s experienced consultants that ranges from security and vulnerability program management and incident response preparedness to privacy and regulatory guidance.” With the complexity of cybersecurity growing by the day, … Read more
Zurich buys SpearTip to bolster its cyber risk and mitigation services to customers. “‘Both Zurich Resilience Solutions and SpearTip share a commitment to helping businesses anticipate and prevent cyber threats while being ready to respond when an attack occurs,’ said Tom Fioretti, Head of North America Zurich Resilience Solutions. ‘The acquisition of SpearTip represents a further … Read more
A new study by the Law Society of England and Wales found that 72% of law firms do not have cyber insurance. This is concerning, as cybercrime is a growing threat to businesses of all sizes. Cyber insurance can help law firms cover the costs of a cyberattack. Such costs include investigating the attack, restoring … Read more
Here are some of the new reports from law firms about the SEC Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure rules (see a useful observation from Woodruff Sawyer after the list): Among the useful observations are these from Woodruff Sawyer (there are more at this link): “The SEC asserts that the rule is not … Read more
There’s positive news for the health of the cyber insurance industry in a new report from The Council of Insurance Agents & Brokers (CIAB). “Cyber insurance premiums rose by an average of just 3.6% in Q2 2023, perhaps the strongest sign of relief for this line seen yet,” says the CIAB’s Q2 2023 P/C Survey. … Read more