The Source for Cyber Insurance News, Insights and Data
Think of these cybersecurity predictions like a city planner’s warning about a neighborhood with too many spare keys, too many new tools for thieves, and too many people leaving their windows open. Teenagers with lockpicks roam the alleys. Hackers use AI the way a magician uses sleight of hand. Some break in pretending to be … Read more
Modern Bank Robberies Have Gone Digital – Retire the getaway car. Save the ski mask for skiing. The days of the bank heist are dwindling. Well, not really. U.S. bank robberies peaked in 1991 at 9,388. By 2023, the number dropped to 1,362, an 83% decline in 20 years. Today, the average stolen haul is … Read more
As cyber criminals increasingly leverage AI for everything from phishing scams and blackmail to misinformation campaigns and election interference, businesses face new threats that require innovative defenses. In response to AI-driven cybercrime threats, AXA XL has unveiled a new endorsement to its cyber insurance coverage, specifically targeting the risks associated with Generative AI (Gen AI) … Read more