The Source for Cyber Insurance News, Insights and Data
BreachRx announced a new financial warranty tied to its cyber incident response management platform. The company said the offering provides up to $3 million in protection for executive and corporate liability tied to eligible cybersecurity incidents. A global insurance partner underwrites the warranty. It works alongside cyber insurance and D&O coverage to address executive protection … Read more
According to Woodruff Sawyer & Co.’s annual survey released Monday, 58% of cyber insurers expect cyber risk will increase “slightly” in 2025. This marks an increase from 44% in 2024 but remains lower than 74% in 2023. Cyber insurance rates dropped for many businesses in 2024, with 66% of Woodruff Sawyer clients experiencing cost reductions. … Read more
Chief Information Security Officers (CISOs) face growing personal liability risks amid increasing cybersecurity threats and stricter regulations. Recent Securities and Exchange Commission (SEC) actions have targeted CISOs individually. For the first time, the SEC charged a CISO with fraud and internal control failures related to cybersecurity. New SEC disclosure rules now require timely reporting of … Read more