The Source for Cyber Insurance News, Insights and Data
Imagine a security guard in a control room. The cameras show every hallway. The alarms work. The guard sees a thief moving between rooms. Yet the guard cannot lock the doors. The thief keeps walking deeper into the building. That is the plain-language version of today’s breach containment problem. In The Containment Gap: Exploring the … Read more
Beazley Security has introduced a new platform designed to help organizations respond more quickly to AI-driven attacks. This cloud-based SaaS tool keeps an eye on internet-facing assets and highlights the most urgent vulnerabilities. As AI cybercrime introduces automation and increased attack speeds, the time between finding a weakness and exploiting it is getting shorter. “Our … Read more
AI adoption races ahead as CEOs push the pedal, but CISOs pump the brakes, warning of cyber risk. The tension is familiar: CISOs continue to face uphill battles aligning boards with swift, emerging threats. AXIS Capital Holdings Limited released new research comparing how CEOs and CISOs in the U.S. and U.K. view AI. The study … Read more
The big fish get the headlines, such as MGM, Marks & Spencer, and Jaguar. But cybercriminals aren’t skipping the small fry and tools like Artificial Intelligence (AI) are just making their lives easier. Reviewing press releases, we noticed one from Zensurance that ties some eye-opening numbers to the risks that small businesses face online, raising … Read more
Cyber Claims in the UK See Second-Highest Spike on Record The UK cyber insurance market faced intense pressure in 2024. Marsh’s new cyber insurance report states that claims volumes hit the second-highest level ever. Although 2024 claims were 20% lower than 2023, they remained one-third higher than in 2020–2022. Ransomware attacks, supply chain breaches, and … Read more