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Cyber Insurance Risks Surge in 2025: Ransomware, AI Fraud, and Regulatory Pressures

Posted on January 31, 2025January 31, 2025 By Martin Hinton

The RPC Annual Insurance Review 2025 highlights the growing risks in cyber insurance as attacks intensify and insurers adapt to evolving threats. Key issues include rising ransomware incidents, the impact…

Read More “Cyber Insurance Risks Surge in 2025: Ransomware, AI Fraud, and Regulatory Pressures” »

Cyber Insurance, Cyber Insurance Reports

CFC Adds Property Damage Coverage to $30M Cyber Insurance Product

Posted on January 31, 2025January 31, 2025 By Martin Hinton

CFC has added property damage coverage to its $30 million large line size cyber insurance product. The expansion addresses growing cyber risks affecting physical assets in industries like manufacturing and…

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Cyber Insurance

Cowbell Names James Porter as Lead Underwriter for UK Cyber Insurance

Posted on January 30, 2025January 30, 2025 By Martin Hinton

Cowbell, a cyber insurance provider for small and medium-sized enterprises (SMEs), has appointed James Porter as the Lead Underwriter for its UK middle market segment. Porter will be responsible for…

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Cyber Insurance, Cyber Insurance People

Few SMEs Have Cyber Insurance Despite Growing Cyber Threats, ABI Report Warns

Posted on January 29, 2025January 29, 2025 By Martin Hinton

Small and medium enterprises (SMEs) vastly underestimate their risk of cyber-attacks, leaving them vulnerable due to low cyber insurance adoption, according to a new report from the Association of British…

Read More “Few SMEs Have Cyber Insurance Despite Growing Cyber Threats, ABI Report Warns” »

Cyber Insurance for SMEs/SMBs, Cyber Insurance Reports, Cyber Insurance UK

Envelop Risk Strengthens Leadership with Two Executive Promotions

Posted on January 29, 2025January 29, 2025 By Martin Hinton

Envelop Risk has announced two executive promotions Graeme Bell to Group Chief Operating Officer (COO) and Simon Welton to Executive Vice President (EVP) – Underwriting Performance and Strategic Partnerships. Graeme…

Read More “Envelop Risk Strengthens Leadership with Two Executive Promotions” »

Cyber Insurance People

Falcon Risk Services Introduces FalconFlight: Cyber and Professional Liability Insurance

Posted on January 28, 2025January 28, 2025 By Martin Hinton

Falcon Risk Services, an MGA majority-owned by HDI Global Specialty, has introduced FalconFlight, a Cyber, Technology Errors & Omissions (E&O), and Miscellaneous Professional Liability (MPL) insurance product. FalconFlight Cyber Liability…

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Cyber Insurance

Capito, Hickenlooper Reintroduce Bipartisan Cyber Insurance Bill for Small Businesses

Posted on January 28, 2025January 28, 2025 By Martin Hinton

Senators Shelley Moore Capito (R-W.Va.) and John Hickenlooper (D-Colo.) reintroduced the bipartisan Insure Cybersecurity Act to safeguard small businesses against rising cyber threats. According to Accenture’s Cybercrime study, nearly 43%…

Read More “Capito, Hickenlooper Reintroduce Bipartisan Cyber Insurance Bill for Small Businesses” »

Cyber Insurance, Cyber Insurance for SMEs/SMBs, Cyber Insurance Laws & Regulations, Small Business

Siobhan O’Brien Joins MSIG USA as Cyber Insurance Leader

Posted on January 27, 2025January 27, 2025 By Martin Hinton

MSIG USA has appointed Siobhan O’Brien as its new head of cyber insurance. She has over 20 years of experience in cyber insurance and professional liability across global markets, O’Brien…

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Cyber Insurance, Cyber Insurance People

CyberCube Partners with Acclaim Insurance Brokers to Enhance Cyber Risk Assessment in Singapore

Posted on January 27, 2025January 27, 2025 By Martin Hinton

CyberCube and Acclaim Insurance Brokers partner to enhance cyber risk assessment services. Acclaim, a leading independent insurance broker serving over 2,000 companies, will integrate CyberCube’s Broking Manager platform into its…

Read More “CyberCube Partners with Acclaim Insurance Brokers to Enhance Cyber Risk Assessment in Singapore” »

Cyber Insurance, Cyber Insurance APAC

ProWriters, a Cyber Insurance Wholesaler, Is For Sale: Report

Posted on January 27, 2025January 27, 2025 By Mark Sauter

Insurance wholesaler ProWriters, a digital distributor which has made a push in cyber insurance, is exploring a potential sale of its business, reports Insurance Insider US. Insurance M&A specialist Dowling…

Read More “ProWriters, a Cyber Insurance Wholesaler, Is For Sale: Report” »

Cyber Insurance, Cyber Insurance Carriers & Brokers, Cyber Insurance Investments and M&A, cybersecurity M&A

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Cyber Insurance News
Discover the escalating cyber threats targeting industrial sectors in 2025. According to Honeywell's latest Cybersecurity Threat Report, ransomware attacks have surged by 46% in Q1 2025, with 2,472 incidents reported. Notably, the W32.Worm.Ramnit trojan has seen a 3,000% increase, accounting for 37% of malicious files detected. USB devices remain a significant vulnerability, with 1,826 unique threats identified, including 124 new malware strains.

Key Highlights:

Ransomware-as-a-Service (RaaS) is increasingly targeting Operational Technology (OT) systems.

USB exploitation was involved in 25% of recent incidents.

Critical sectors at risk include energy, water treatment, transportation, and agriculture.

Human error and poor privilege management contribute to over 60 cases of unauthorized access.

Potential economic impact includes $1.5 trillion in downtime for U.S. firms.

Recommendations:

Implement Zero Trust Architecture.

Enforce Multi-Factor Authentication (MFA).

Utilize AI-powered threat detection.

Conduct regular vulnerability assessments.

Ensure backups use air-gapped storage.

Stay informed and proactive against growing cyber threats. Secure your industrial environment now before it's too late.

#IndustrialCybersecurity #Ransomware2025 #OTSecurity #USBThreats #HoneywellReport #CyberRisk #ZeroTrust #CriticalInfrastructure #CyberAwareness #SCADASecurity
Industrial Cybersecurity in 2025: Ransomware Surge & USB Threats Exposed
In this clip from Episode #EP-6 of Cyber Insurance News Podcast, host Martin Hinton is joined by guest Dan Candee, CEO of Cork Protection, to break down the often-confusing acronyms MSP (Managed Service Provider) and MSSP (Managed Security Service Provider).

🔍 Dan explains how these service providers play a crucial role in modern business — supporting IT infrastructure, cybersecurity, cloud services, and more — in a clear, relatable way.

👨‍💻 Whether you're a small business owner, entrepreneur, or just trying to make sense of cybersecurity, this clip offers valuable insights into how to secure your business with the right tech partners.

✅ Topics Covered:

What MSPs and MSSPs really do

Cybersecurity made simple with real-world analogies

Why modern businesses rely on managed service providers

Protecting your data, brand, and reputation

🎧 Subscribe for more expert insights into cybersecurity, tech, and cyber insurance trends.

#CyberSecurity #MSP #MSSP #SmallBusinessTech #CyberInsurance #CyberRisk #ManagedServiceProvider #BusinessSecurity #CorkProtection #DanCandee #CyberProtection #TechSimplified
Cybersecurity for Small Business - MSP vs MSSP Explained | Dan Candee Simplifies A Jargon-Rich Space
In this clip from our latest podcast, Dan Candee, CEO of Cork Protection, discusses a critical component of SMB cyber resilience—the evolving role of cybersecurity insurance. Dan highlights the need for nimbleness in cyber coverage, especially for small businesses that often bear the brunt of devastating attacks.

💬 Quote Highlight:
"At the end of the day, my business is to serve the SMB market... who is providing the most value fastest." – Dan Candee, CEO Cork Protection.

#CyberResilience, #CyberSecurity, #SmallBusinessSecurity, #SMBProtection, #DigitalSafety, #CyberInsurance, #InsurTech, #MSPCommunity, #TechForSMBs, #CyberThreats, #DanCandee, #CorkProtection, #PodcastClip, #CybersecurityPodcast, #FastResponseInsurance, #BusinessTips, #EntrepreneurAdvice, #TechTalks, #DataProtection, #InsuranceTrends
Cyber Insurance for SMBs – What Needs to Change? | Dan Candee Interview
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