The Source for Cyber Insurance News, Insights and Data
Educational institutions worldwide are confronting a significant escalation in cyberattacks, with 77% of schools and universities reporting incidents within the past 12 months, according to a comprehensive new report from cybersecurity firm Netwrix. This figure represents a notable increase from 69% in 2023, highlighting the growing vulnerability of the education sector in the face of … Read more
Here it is—Your Cyber Insurance Sunday—Upload. The latest cybersecurity insurance news. A few items from the week. Some we reported on, and others we found interesting: Fitch with a look at cyber insurance premiums; Zurich names a “Head of”; Ariel Re and Hiscox Re bring us “CyberShock”; And the Justice Department puts a $10 million … Read more
In the wake of alarmingly frequent cyberattacks targeting hotels, restaurants, and other hospitality businesses, a new partnership offers hope. Upfort, a leading cybersecurity and insurance platform, has joined with Parker, Smith & Feek, and the Washington Hospitality Association. This will empower over 6,000 industry members in the state to manage cyber risks and safeguard their … Read more
To be secure is to be insurable. To be insured is to be secure. In that vein, Chubb has entered into a strategic partnership with NetSPI, a global leader in proactive cybersecurity. The collaboration aims to enhance clients’ cyber-risk profiles by leveraging NetSPI’s technology, offering advanced attack surface management and penetration testing solutions. Chubb customers … Read more
A new report from insurtech Resilience, Resilience Midyear 2023 Claims Report, reveals a significant shift in ransomware tactics. Cybercriminals are increasingly targeting larger organizations and employing encryption-less extortion methods. Key Highlights: The report attributes the trend in encryption-less extortion to the massive MOVEit file transfer platform hack in May 2023, which exposed the data of … Read more