The Source for Cyber Insurance News, Insights and Data
As the cyber insurance industry grows, there are more and more claims, leading to more and more settlements, leading to an increasing number of lawsuits by “subrogees.” These are insurance companies that use the process of “subrogation” to assume their insured’s legal rights to pursue recovery of money paid by the insurance company in a … Read more
The cyber insurance market is on track to more than double by 2030, according to a new report from Lockton Re. The global reinsurance firm warns that growth, while likely, will depend on major shifts in data quality, risk modeling, and product design. In its white paper, Cyber Insurance 2030: Charting a Course for Growth, … Read more
Prime Radiant has partnered with TransUnion to launch an integrated personal cybersecurity and cyber insurance platform. The new personal cybersecurity protection plan safeguards executives, families, and high-net-worth individuals against escalating digital threats. “When cybercrime strikes, the biggest challenge is knowing what to do next. Most people, even sophisticated executives, find themselves scrambling for answers and … Read more
States Step Up on School Cybersecurity as Attacks Surge – K-12 schools across the U.S. face mounting cyber threats. Like businesses, they face an onslaught of ransomware, phishing, and data breaches that disrupt classrooms and community services. A new report highlights how states are moving to close the security gap. School Cyberattacks – A Breach … Read more
Cyberattacks Hit Nearly Half of Portfolio Companies – Almost half of private equity (PE) portfolio companies reported cyber incidents in the past year, many involving ransomware or extortion attempts. PE Cybersecurity and cyber insurance are the focus of the Private Equity Cyber Survey White Paper by QBE, which surveyed 300 risk managers and CISOs at … Read more