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Rising Cyber Claims Pressure Insurers to Adapt as Threats Evolve

Posted on October 31, 2024November 25, 2024 By Martin Hinton 1 Comment on Rising Cyber Claims Pressure Insurers to Adapt as Threats Evolve

Cyber insurance claims and risks are surging as premiums dip, putting the industry in a precarious position. Despite strides in cybersecurity protocols, insurers are struggling to keep up with an…

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Cyber Insurance, Cyber Insurance Reports

Tackling AI-Driven Cybercrime Threats: AXA XL’s New Insurance Coverage Explained

Posted on October 21, 2024October 21, 2024 By Martin Hinton

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…

Read More “Tackling AI-Driven Cybercrime Threats: AXA XL’s New Insurance Coverage Explained” »

AI & Cyber Insurance

Onda Teams Up with Panorays to Streamline Cyber Insurance Underwriting

Posted on October 1, 2024October 1, 2024 By Martin Hinton

Onda has formed a strategic partnership with Panorays to integrate Panorays’ cyber risk assessment tool into its platform. This two-year collaboration aims to streamline Onda’s cyber insurance underwriting process and…

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Cyber Insurance, Cyber Insurance Underwriting

Sixfold Expands AI Capabilities to Help Insurers Adapt to Growing Cyber Risks

Posted on September 30, 2024September 30, 2024 By Martin Hinton

The insurance industry has used artificial intelligence (AI) for years in applications such as risk modeling, data forecasting, claims handling, and contact center operations. Now, Sixfold aims to transform how…

Read More “Sixfold Expands AI Capabilities to Help Insurers Adapt to Growing Cyber Risks” »

Cyber Insurance Underwriting

The Critical Role of Identity Security – Delinea’s 2024 Cyber Insurance Report

Posted on September 11, 2024September 11, 2024 By Martin Hinton

In espionage, as dramatized in the Mission Impossible movies, masks, and high-tech gadgets are often used to fool security systems into thinking someone is who they are not. In reality,…

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Cyber Insurance Reports, Cybersecurity

The CrowdStrike Outage: A Wake-Up Call for Cybersecurity and Insurance

Posted on July 26, 2024July 26, 2024 By Martin Hinton

Security Fix Backfires, Creating More Problems The CrowdStrike outage that began on July 19, 2024, serves as a critical reminder of the vulnerabilities in our digital infrastructure and the profound…

Read More “The CrowdStrike Outage: A Wake-Up Call for Cybersecurity and Insurance” »

Cyber Insurance, Opinion/Commentary

AI to the Rescue for Cyber Insurers? Not so Fast, Says New York State

Posted on July 12, 2024July 12, 2024 By Mark Sauter

“Artificial intelligence systems” (“AIS”) and “external consumer data and information sources” (“ECDIS”) can help insurers and companies, New York State regulators concede, but the technologies better not hurt “protected classes”…

Read More “AI to the Rescue for Cyber Insurers? Not so Fast, Says New York State” »

AI & Cyber Insurance, Cyber Insurance, Cyber Insurance Best Practices, Cyber Insurance Laws & Regulations, Cyber Insurance Litigation

Generative AI to Revolutionize Cyber Insurance – Report

Posted on November 10, 2023November 10, 2023 By Martin Hinton

Measured Analytics and Insurance (Measured AI) has unveiled an intriguing white paper, “How Generative AI Will Transform Cyber Insurance in the Next 24 Months.” This release underscores generative AI’s pivotal…

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Cyber Insurance, Cyber Insurance Reports

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In the wake of the Harrods hack and cyberattacks impacting other retailers, the alarming state of UK cybersecurity will be revealed in 2024. From cyberattacks hitting major UK retailers like Co-op and Harrods to small businesses struggling without protection, the message is clear—cybercrime is a national threat.

New research by Pen Underwriting reveals that while 90% of UK and Irish businesses feel secure, only 47% have dedicated cyber insurance. Even more shocking—only 18% of businesses earning under £1 million are covered. The cost isn’t just financial—real people suffer, like the couple who lost their wedding cake due to a ransomware attack.

Watch now to understand:

Why UK businesses are dangerously unprepared

How cyberattacks are more common than fires or theft

The key role of employee training, data backups, and multi-factor authentication (MFA)

Why cyber insurance is no longer optional

Visit www.cyberinsurancenews.org for the latest cyber insurance and cybersecurity updates.

#UKCybersecurity #CyberInsurance #SmallBusinessSecurity #CyberCrime
Harrods hack UK Cybersecurity Crisis: Shocking Stats, Real Victims & Business Risks. #cybersecurity
Cyber Insurance Compliance Is Reshaping Security in 2025!

Cyber insurance compliance is no longer optional—it's a driving force behind how companies build and execute cybersecurity strategies. In this video, we break down the latest insights from the 2025 State of Pentesting report:

✅ 59% of U.S. businesses now implement new security tools based on insurer recommendations
✅ 93% of CISOs are guided by mandates from insurance providers
✅ Pentesting isn't just for compliance—it's about proving you're covered and protected
✅ The average enterprise is spending $187,000+ annually on penetration testing

As premiums stabilize, cyber insurance compliance is pushing companies toward proactive, automated, and continuous risk assessment. Learn how to stay ahead, reduce exposure, and align with both regulators and insurers.

💡 Don’t forget to like, subscribe, and hit the bell to stay updated on the latest in cybersecurity and insurance trends!

#CyberInsuranceCompliance #CyberSecurity #PenetrationTesting #CISO #InfoSec #CyberInsurance #RiskManagement #Compliance2025 #EnterpriseSecurity #CyberDefense #TechTrends #InsuranceTech
Cyber Insurance Compliance Is Reshaping Security in 2025 #cyberinsurance
In this video, we break down the massive cyber insurance settlements following the CDK Global ransomware attack that rocked the automotive industry. 🚗💻

Auto giants like Asbury Automotive Group reported up to $10 million in cyber insurance recovery, while AutoNation only recently filed their claim — months after the breach! We explore the financial disclosures, the delayed responses, and what this means for car dealerships, investors, and cybersecurity preparedness.

Learn:
✔️ How cyber insurance is shaping post-breach recovery
✔️ Why SEC filings like 10-Q and 8-K matter
✔️ What lessons other businesses can learn from this
✔️ The real cost of a ransomware attack in automotive retail

🔔 Subscribe for more deep dives into cybersecurity, tech, and industry trends!
#cyberinsurance #CDKGlobal #RansomwareAttack #AutoIndustry #CyberSecurityNews
$10M Cyber Insurance Payout: CDK Ransomware Fallout Hits Auto Giants | #cyberinsurance
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