The Source for Cyber Insurance News, Insights and Data
The Asia-Pacific (APAC) region faces a significant surge in cybercrime, driven by rapid digitalization and the widespread adoption of new technologies such as cloud computing, blockchain, and the Internet of Things (IoT). According to Statista research, the global cost of cybercrime is currently estimated at over seven trillion U.S. dollars and is expected to increase … Read more
In a collaborative effort to strengthen digital defenses and improve cyber insurance accessibility, CrowdStrike has unveiled its new Falcon for Insurability program. This initiative is designed to help organizations qualify for cyber insurance with top-tier protection at preferred rates. The program allows insurers like Ascot Group, AXA XL, Beazley Insurance, Berkley Cyber Risk Solutions, Coalition, … Read more
Amid a steady rise in costly cybercrime attacks targeting businesses, organizations seeking or renewing cyber insurance policies in 2024 are facing stricter security requirements from insurers looking to reduce risk exposure. According to Netwrix’s 2024 Hybrid Security Trends Report, 30% of insured organizations implemented additional security measures to qualify for a cyber policy this year, … Read more
When it comes to cybercrime and security, size doesn’t matter—bad actors will take anyone’s hard-earned value for themselves. Small, medium, and large enterprises face risk daily. In a move to combat this reality and the ever-present threat of cybercrime, At-Bay announced the expansion of its Cyber and Tech Errors & Omissions (E&O) coverage. The insurance … Read more
A new cybersecurity report reveals a stark reality for middle market firms: while cyber insurance coverage is at an all-time high, the persistent threat of ransomware and data breaches demands constant vigilance. RSM US LLP’s report, Middle Market Business Index Special Report: Cybersecurity 2024, was developed in partnership with the U.S. Chamber of Commerce. The … Read more