The Source for Cyber Insurance News, Insights and Data
Amid the rising tide of cybercrime and frequent hacking incidents, Vantage Group Holdings Ltd. (Vantage) has introduced U.S. primary cyber insurance to meet the growing demand for robust cyber risk management. This new coverage offers up to $10 million in capacity. It also marks an expansion of Vantage’s insurance capabilities in both the U.S. and … Read more
In the world of cybercrime, few experiences are as frustrating as paying a ransom to recover stolen data only to remain empty-handed. This stark reality is highlighted in the issue of ransomware data recovery where recent studies reveal that 1/3 of ransomware victims did not recover data even after paying up. For individuals and businesses, … Read more
Here it is—Your Cyber Insurance Sunday—Upload. The latest cybersecurity insurance news. A few items from the week: CrowdStrike lends a hand to Ascot Group, AXA XL, Beazley Insurance, Berkley Cyber Risk Solutions, and Coalition; Rate News and Hospital Hacks in the UK; At-Bay takes on Larger Enterprises; Watchdog in Canada With a Warning. Some we … Read more
Ransomware, a form of malicious software, kidnaps an organization’s data, encrypts it, and demands a ransom for its release. This modern-day digital extortion has historical roots in the practice of demanding ransom for kidnapped individuals, a method used by pirates and bandits for centuries. The digital age has transformed this age-old crime into a significant … Read more
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