How Many Fortune 100s Have Cyber Insurance? 

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EY reports it surveyed the SEC filings of 74 Fortune 100 companies and 51% had cyber security insurance.  That’s up from 43% in 2021. Report includes interesting statistics on cyber sec measures being taken by companies and the future of regulation by SEC and other federal entities. Source: How cyber governance and disclosures are closing … Read more

Glimpse of the Future? Could Banks Offer Cyber Insurance in the Metaverse? 

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“Some Banks and financial institutions are already leading the charge by offering crypto wallets and custodial services, access to crypto markets for trading and investment, and advisory services to Wealth Management clients. While NFTs are seen as speculative assets by many, Banks can work with regulators and position these as mainstream asset classes. Taking it … Read more

Got an Opinion on Whether the Feds Should Have a Cyber Insurance Program? Now’s Your Time to Comment 

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“Should an existing federal insurance program (e.g., NFIP or TRIP) or other U.S. or international public-private insurance mechanisms serve as a model for, or be modified to address, catastrophic cyber incidents?’ the notice asks…The (US Treasury) Department’s Federal Insurance Office—together with the Cybersecurity and Infrastructure Security Agency—is soliciting feedback in preparation for a report to … Read more

75% of Respondents Know They Need Cyber Insurance, But Far Fewer Say They Have It: Travelers Risk Index 

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Potential good news for cyber insurers: Awareness of need is high and perhaps sales will catch up to it… “Nearly 75% of respondents said they believe having a cyber insurance policy is critical, but the percentage who said their company has purchased coverage was 59%, up only 3 points from 2021.” Source: Travelers Risk Index … Read more

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