Skip to content
  • Cyber Insurance Books
  • Cyber Insurance Reports & Documents
  • Cyber Insurance Acronyms/Terms
  • Cyber Insurance Companies: Carriers, Brokers & Vendors
  • Industry Response: Potential Federal Insurance Response to Catastrophic Cyber Incidents
  • Ransomware Insurance
  • How Much Is Cyber Insurance?
  • Considerations for Buying Cyber Insurance
  • Cyber Liability Insurance Near Me
  • Cyber Insurance Quote
  • About Cyber Insurance News
  • Privacy Policy
  • Newsletter
  • Glossary
  • Legal Analysis & Full Text of 2023 SEC Rule: Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure
  • Glossary
Cyber Insurance News

Cyber Insurance News

The Leading Source for Cybersecurity Insurance News, Insights and Data

  • The Grand Jury Says: Get Cyber Insurance Cyber Insurance
  • Insurance-Linked Securities Sure to Grow Alongside Broader Cyber Insurance Market: Fitch  Cyber Insurance Carriers & Brokers
  • Resilience Expands Cyber Insurance Portfolio with New Tech E&O Coverage for U.S. Businesses Cyber Insurance
  • Managed Service Providers Beware – Netwrix Report Cybersecurity
  • Rising Cyber Risks and Insurance in APAC: Navigating the Digital Storm and Emerging Threats Cyber Insurance
  • More Integration of Cyber Insurtech with Legacy Insurance Vendors; CyberCube Partners with Duck Creek Technologies (Nasdaq: DCT), a Provider of SaaS Insurance Systems  Cyber Insurance Best Practices
  • Whoever Underwrote this Hospital System May Not Be Sleeping Well Cyber Insurance Carriers & Brokers
  • Useful Survey on Global Cyber Risk and Insurance from Munich Re Cyber Insurance Best Practices

One in Five Businesses Hit by Cyberattacks, Lacking Preparedness

Posted on December 7, 2023December 7, 2023 By Martin Hinton

A stark new report reveals that a staggering one in five businesses in the United Kingdom have fallen victim to cyberattacks in the past year. This alarming statistic shines a…

Read More “One in Five Businesses Hit by Cyberattacks, Lacking Preparedness” »

Cyber Insurance Reports

Cyber Insurance News

Cyber Insurance News
Email attacks are surging, hitting businesses hard and exposing a severe paradox: email is both indispensable and dangerously vulnerable. As digital communications fuel daily operations—from sales to financial transactions—organizations can’t just cut back on email to curb security risks. Financial fraud, the most common email-based attack, continues to skyrocket, leaving companies of all sizes scrambling for effective defenses. Simply restricting email isn’t feasible; companies must find ways to secure it. In 2019, Japan’s Toyota Boshoku Corporation was hit with a $37 million BEC (business email compromise) attack. Though $37 million is a staggering amount, the company’s size and reach meant the fraud went undetected initially. Hackers persuaded an employee to transfer the sum from a European subsidiary before anyone noticed. This was the third BEC attack Toyota faced that year, leading critics to question if the company should have been more vigilant. As Toyota learned the hard way, BEC attacks often come in waves—one successful breach often paves the way for more, leading to losses in money, intellectual property, data, and sometimes even employee identities. Email and financial fraud cybersecurity is the focus of InsurSec provider At-Bay’s new report, 2024 InsurSec Rankings Report – Email Security and Financial Fraud. The report, based on claims data from 2021 through mid-2024, offers an in-depth look at email-related cyber threats impacting businesses, ranks the effectiveness of top email platforms, and identifies the sectors and business types most vulnerable to attacks. The findings highlight the surge in email crimes and reveal which email solutions and security measures offer the best protection. You can read or take away below and get the whole report https://cyberinsurancenews.org/email-security-insights-key-trends-and-solutions-report/ @keeprisk_atbay
Email Security Insights: Key Trends and Solutions – Report
Is Cybersecurity Spending Surge Sign Of A Gathering Storm? @deloitte Report When preparing for imminent threats, increased cybersecurity spending is a significant telltale. In honor of Veterans Day, here is a fitting analogy. In the military, changes in routine sometimes ring warning bells among the troops. As a veteran once shared, during WWII, the unit could expect trouble the next day if they were served steak and eggs—the last good meal for a while. Similarly, 57% of organizations in Deloitte’s latest cyber report foresee increasing their cybersecurity budgets in the coming years—a clear sign of existing and gathering concerns. The “Global Future of Cyber Survey, 4th Edition,” underscores that today’s complex threat landscape is reshaping how organizations prepare for cyber defense. The report, a comprehensive examination of nearly 1,200 C-suite leaders worldwide, reveals growing investment in cybersecurity, a deepened role for Chief Information Security Officers (CISOs), and a push for AI-driven resilience. “The rise of AI and other evolving technologies has significantly transformed the threat landscape. As threats become more sophisticated and impactful to core business, CISOs are increasingly required to adopt a more strategic role driving cross business risk prioritization and mitigation,” says Emily Mossburg, Deloitte Global Cyber Leader. @deloitte Read it: https://cyberinsurancenews.org/is-cybersecurity-spending-surge-sign-of-a-gathering-storm-deloitte-report/
Is Cybersecurity Spending Surge Sign Of A Gathering Storm? @deloitte @deloitte Report
RSA’s 2025 ID IQ Cybersecurity Report “Shocked”-Highlights High Costs of Identity Breaches and Shift Toward AI and Passwordless SecurityListen to the ArticleIn a landscape where digital security is paramount, RSA’s 2025 ID IQ Report underscores critical cybersecurity trends that organizations need to be aware of. Rohit Ghai, RSA’s CEO, frames the study as a reality check and a call to action. The report analyzes responses from over 2,000 cybersecurity, identity, access management, and tech professionals from 62 countries. Despite many participants identifying as experts in cybersecurity, they struggled with essential security principles, revealing a gap for organizations aiming to stay secure. Designed to assess knowledge of crucial security practices like Zero Trust architecture and password management, the report produced surprising results: nearly half of all participants answered at least half of the questions incorrectly.“We were surprised—if not a little shocked—at some of the answers we got back.”Rohit Ghai, RSA’s CEOThe responses highlight vulnerabilities that attackers can exploit and raise concerns about industries’ security preparedness. For instance, participants commonly misunderstood Zero Trust, a framework critical in today’s landscape where insider threats are rising. Misunderstanding such a foundational concept can result in ineffective defense strategies and increased attack exposure. Similarly, password management questions revealed widespread gaps, with many respondents failing to recognize the importance of unique, complex passwords and the risks of password reuse. This practice can compromise an entire organization if a single account is breached.In his executive summary, Ghai was somewhat blunt: “We were surprised—if not a little shocked—at some of the answers we got back.”Our further takeaways are as follows. You can read the whole report
RSA’s 2025 ID IQ Cybersecurity Report “Shocked”- Identity Breaches , AI and Passwordless Security
Load More... Subscribe

RSS Cyber Insurance Feed

  • How can brokers bridge the cyber insurance gap?
  • Cyber Insurance: Navigating the Digital Threat Landscape
  • Aon launches new cyber risk tool - Insurance Business
  • Leveraging Data for Cyber Insurance to Bring Consistency and Clarity in Underwriting | 7 Minutes on ITSPmagazine From HITRUST Collaborate 2024 | A Trium Cyber Short Brand Innovation Story with Josh LaDeau
  • First of its Kind Cyber Insurance Product Exclusively Available to HITRUST-Certified Customers | A Brand Story Conversation From HITRUST Collaborate 2024 | A HITRUST Story with Blake Sutherland and Robert Booker
  • Travelers finds cyber threat concerns, but less proactive action - Digital Insurance
  • Startups streamlining cyber cover: Embroker - Business Insurance

Archives

  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • December 2020

Archives

  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • December 2020

Get the Cyber Insurance Newsletter

Receive weekly updates on the top news on cyber insurance.

Tags

AI Aon Artificial Intelligence At-Bay Beazley CFC Chubb Coalition Coalition Insurance Company (CIC) Corvus Cowbell Cowbell Cyber crowdstrike cyber attack cyberattack Cybercrime cyber crime CyberCube cyber insurace cyber insurance cyberinsurance cyber insurance best practices cyber insurance for small businesses Cyber liability Insruance cyber liability insurance cyberliabilityinsurance Cyber Risk Cybersecurity cyber security cybersecurity insurance healthcare Howden Lloyds Marsh Measured Analytics and Insurance Microsoft netwrix personal cyber insurance Ransomware Ransomware Insurance Resilience SecurityScorecard small business Sophos Zurich Insurance

Categories

  • AI & Cyber Insurance
  • Critical Infrastructure cyber insurance and security
  • Cyber Insurance
  • Cyber Insurance APAC
  • Cyber Insurance Best Practices
  • cyber insurance captive
  • Cyber Insurance Carriers & Brokers
  • Cyber Insurance Claims
  • cyber Insurance EU
  • Cyber Insurance Financial Institutions
  • Cyber Insurance for Government
  • Cyber Insurance for Healthcare
  • Cyber Insurance for Schools
  • Cyber Insurance for SMEs/SMBs
  • Cyber Insurance for Utilities
  • Cyber Insurance Industry Groups
  • Cyber Insurance Investments and M&A
  • Cyber Insurance Jobs
  • Cyber Insurance Laws & Regulations
  • Cyber Insurance Litigation
  • Cyber Insurance Market Size
  • cyber insurance MENA
  • Cyber Insurance People
  • Cyber Insurance Policies & Strategies
  • Cyber Insurance Premiums
  • Cyber Insurance Reports
  • Cyber Insurance Sunday – Upload
  • Cyber Insurance Systemic Risks
  • Cyber Insurance Tech
  • Cyber Insurance Threats
  • Cyber Insurance UK
  • Cyber Insurance Underwriting
  • Cyber Insurance Wholesaler
  • Cyber Regulations
  • Cyber War Exclusions
  • Cybersecurity
  • Cybersecurity and Credit Ratings
  • Cybersecurity for SMBs
  • Cybersecurity Investment
  • cybersecurity M&A
  • Cybersecurity people
  • Cybersecurity Report
  • Cybersecurity Training
  • Department of Homeland Security
  • EU Cybersecurity
  • Insurance Linked Securities/ILS
  • Insurance Loss Warranty contract/ILW
  • Managed Service Providers
  • National Association of Insurance Commissioners' (NAIC) model cybersecurity law
  • Non-criminal Claims/Non-Malicious Claims
  • Opinion/Commentary
  • Personal Cyber Insurance
  • Personal CyberSecurity
  • Ransomware Insurance
  • Reinsurance
  • Risk Modeling
  • Small Business
  • Supply Chain Cybersecurity And Insurance

Send Ideas, Requests & Comments




    • Cyber Insurance Books
    • Cyber Insurance Reports & Documents
    • Cyber Insurance Acronyms/Terms
    • Cyber Insurance Companies: Carriers, Brokers & Vendors
    • Industry Response: Potential Federal Insurance Response to Catastrophic Cyber Incidents
    • Ransomware Insurance
    • How Much Is Cyber Insurance?
    • Considerations for Buying Cyber Insurance
    • Cyber Liability Insurance Near Me
    • Cyber Insurance Quote
    • About Cyber Insurance News
    • Privacy Policy
    • Newsletter
    • Glossary
    • Legal Analysis & Full Text of 2023 SEC Rule: Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure
    • Glossary
    • Cyber Insurance Sunday – Upload Cyber Insurance
    • FortiFI: One-Stop Cyber Insurance for Financial Institutions Cyber Insurance Financial Institutions
    • “Fraudulent Instruction” Attacks Surge: Beazley  Cyber Insurance Best Practices
    • Reinsurers Face Challenges in Cyber Insurance Market  Cyber Insurance
    • Cyber Insurance Market Looks for New Approach, With Lloyds Downshifting on Coverage  Cyber Insurance Best Practices
    • Beazley Closes $140 Million Cyber CAT Bond; Good Sign for Cyber ILS Market Cyber Insurance
    • Boost Insurance Secures Major Investment from BHMS Cyber Insurance
    • Supply Wisdom and SecurityScorecard Join Forces to Enhance Cyber Risk Management Cybersecurity

    Related Cybersecurity Sites

    http://www.whatiscyberliability.com

    https://www.whatiscyberinsurance.com

    http://www.ddosattacktutorial.com

    http://www.ransomwareremovaltool.com

    Our Privacy Policy: https://cyberinsurancenews.org/privacy-policy/

    Copyright © 2024 Cyber Insurance News.

    Powered by PressBook Premium theme