The Source for Cyber Insurance News, Insights and Data
BOXX Insurance says its small business cyber policy now covers AI and deepfake attacks in plain language. The Toronto-based insurtech, part of Zurich Insurance Group, announced affirmative coverage on July 22 for AI and deepfake events tied to social engineering and security failures. The endorsement sits within Cyberboxx® Business, the firm’s commercial offering. The move … Read more
The Biggest Threat: Concentrated Vendor Risk Peter Foster does not hesitate. “The third-party risk is the systemic risk that most underwriters worry about,” he says. “If you compromise 100 to 1,000 companies at a single point of failure, that’s the future risk that’s also here and now.” Foster, Chairman of Willis’ Global FINEX Cyber Solutions, … Read more
It’s not a new thought. But anything this profound needs ongoing coverage and consideration. Artificial intelligence (AI) is reshaping the world, and it is only just the beginning. The AI insurance risks to the industry are no exception. That is raising concerns about risk exposure and policy coverage. A new blog, Woodruff Sawyer, is the … Read more