The Source for Cyber Insurance News, Insights and Data
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
Cyber Insurance at the Forefront of Risk Management Cyber insurance remains one of the fastest-growing sectors in the insurance industry. As cyber threats escalate globally, businesses are expanding coverage to safeguard against emerging risks. The Policyholder Review 2024/25, from UK law firm Stewarts, is their first annual review of the insurance disputes landscape. The report … Read more
Adaptive cyber insurance provider Cowbell has launched Cowbell Resiliency Services (CRS) to help U.S. businesses address increasingly sophisticated cyber threats. The new unit provides policyholders with advanced cybersecurity services, including Managed Detection and Response (MDR), Penetration Testing, Cloud Identity Monitoring, and Cybersecurity Training. Cyber Threats Are Escalating AI-driven cyberattacks and geopolitical tensions have increased security risks. The … Read more