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Investment Strengthens Global Cyber Insurance Reach Coalition, a cyber insurance provider, announced a $30 million equity investment from Mitsui Sumitomo Insurance Co., Ltd. (MSI), a part of MS&AD Insurance Group….
Read More “Coalition Expands Cyber Insurance Partnership with MS&AD via $30M Investment” »
Third-Party Risk Accounted for Nearly a Quarter of Material Claims According to new data from cyber risk firm Resilience, third-party risk became a leading cause of cyber insurance claims in…
Read More “Third-Party Cyber Risk Drove Major Financial Losses in 2024, Resilience Finds” »
Infostealers and Ransomware Surge as Cybercriminals Expand Tactics Cybercrime has reached “an unprecedented level of sophistication,” according to KELA’s State of Cybercrime 2024 cybersecurity report. The study highlights how cybercriminals…
Read More “State of Cybercrime “Unprecedented” Sophistication: KELA Report” »
Almost all, a staggering, 96% of ransomware incidents now involve data breaches with data theft. This marks a significant shift in cybercriminals’ strategies. This is according to Arctic Wolf’s 2025…
Read More “96% of Ransomware Attacks Now Involve Data Theft, Arctic Wolf Report” »
SecurityScorecard and P3 Group have announced a strategic partnership to improve supply chain security worldwide. SecurityScorecard’s MAX Managed Service will be integrated into P3 Group’s cybersecurity offerings, providing clients with…
Read More “SecurityScorecard and P3 Group Partner to Improve Global Supply Chain Security” »
Global Cyber Attacks on Manufacturers Increase Sharply A recent Omdia report commissioned by Telstra International highlights a surge in cyber attacks on manufacturing firms. The study reveals that 80% of…
CyberCube and Feathery are teaming up to add AI automation to cyber insurance workflows. The companies hope this integration will help brokers and insurers process data faster and assess risks…
Read More “CyberCube and Feathery Partner to Automate Cyber Insurance Risk Assessments” »
Industry Growth Driven by New Markets and Products The global cyber insurance market has grown to an estimated $16.6 billion in 2024, according to Guy Carpenter’s latest “Behind the Firewall”…
Read More “Cyber Insurance Market Grows to $16.6 Billion in 2024: Guy Carpenter” »
SMEs Struggle to Keep Up with Cybersecurity Standards Small and medium-sized enterprises (SMEs) in the European Union are falling behind larger organizations in cybersecurity, according to a new report by…
Read More “Cybersecurity Gap: Why SMEs Must Catch Up to Large Organizations in Cyber Resilience” »
Resilience has expanded its partnership with UK-based insurer RSA to offer surplus lines of cyber insurance to US businesses through London’s wholesale market. The move allows companies with revenue between…
Read More “Resilience Expands London Cyber Insurance Market for US Businesses” »