The Source for Cyber Insurance News, Insights and Data
CAC Group has launched CyberPeril Pro, a new cyber insurance solution tailored for the energy and utility sectors, responding to the increasing risks of cyberattacks on critical infrastructure. Recent incidents, such as the 2021 ransomware attack on Colonial Pipeline that caused fuel shortages across the U.S. East Coast, the 2023 Suncor Energy breach that disrupted … Read more
WHAT THIS MEANS FOR THE FUTURE OF CYBER INSURANCE Nations and people often find themselves preparing for the last challenge rather than the next one. This is a pattern embedded in human behavior, as hindsight offers a sense of certainty. We look back at previous crises and construct plans, policies, and strategies that might have … Read more
Thought the risk of being sued for a cyber breach was already high? It’s getting worse, Carolyn Purwin Ryan, a partner in Mullen Coughlin LLC’s data privacy and cybersecurity practice, told viewers during a recent webinar. Ryan noted that cyber breaches requiring the notification of >10,000 individuals often triggered a class-action lawsuit. But weeks ago … Read more
Cyber insurance in the Asia-Pacific (APAC) region is expanding rapidly as businesses confront increasing threats from cyberattacks and data breaches. As digital transformation accelerates across industries, companies of all sizes become more vulnerable to risks like ransomware, phishing, and malware. Coalition has announced a multi-year capacity agreement with Mitsui Sumitomo Insurance Co., Ltd. (MSI), part … Read more
Kroll announced the appointment of Katherine Keefe as Managing Director and Global Cyber Insurance Industry Lead. In this role, Keefe will lead Kroll’s global cyber insurance efforts, expanding services for insurance clients dealing with evolving cyber threats and regulatory challenges. Dave Burg, Global Head of Cyber & Data Resilience at Kroll, emphasized Keefe’s expertise and … Read more