The Source for Cyber Insurance News, Insights and Data
The Howden 2024 Cyber Report reveals a dynamic and evolving cyber threat landscape. According to NCC Group data, the frequency of ransomware attacks surged by 85% over the past year. This rise follows a dip due to geopolitical disruptions like Russia’s invasion of Ukraine. Ransomware remains the most costly form of cyber attack, driven by … Read more
Resilience has announced a significant enhancement to its cyber insurance offerings, doubling its coverage limits for US clients to $20 million per client in response to escalating cybercrime threats. This increase aims to bolster defenses against the rising tide of cyber attacks. The new limits are part of a syndicate agreement with Lloyd’s Insurance Facility, … Read more
Here it is—Your Cyber Insurance Sunday—Upload. The latest cybersecurity insurance news. A few items from the week: Coalition looks at UK Mid-Market needs; Keepit and others on ransomware; The US Congress has a hearing; CISA hacked; SecurityScorecard reports that healthcare makes a grade, but it’s not an A. There’s more. Take a look. Share it. … Read more
Ransomware is wreaking havoc on organizations worldwide, and the numbers are staggering. Travel firm CWT Global shelled out $4.5 million in Bitcoin. The University of California San Francisco $1.14 million, and Colonial Pipeline paid $5 million. Chemical distributor Brenntag paid $4.4 million to DarkSide, while U.K.’s Travelex dished out $2.3 million to REvil. Cognizant Technology … Read more
In the ever-changing arena of cybersecurity and insurance, constant learning is crucial. Bad actors are continuously evolving, which significantly burdens individuals and companies to stay updated. To address this need, Keepit is hosting a webinar on cyber insurance strategies amid the surge in ransomware attacks. Keepit, a global cloud backup and recovery solutions provider, will … Read more