The Source for Cyber Insurance News, Insights and Data
After a brief respite in 2023, the cyber liability insurance market is bracing for turbulence in 2024. Woodruff Sawyer’s “Cyber Looking Ahead Guide” paints a sobering picture of rising cyber risks, potential policy gaps, and ransomware maintaining its reign of terror. Buckle up, businesses; it’s going to be a bumpy ride. War Clouds Gather: One … Read more
Dell Technologies’ latest Global Data Protection Index (GDPI) paints a concerning picture: cyberattacks are rising, multicloud data protection remains a puzzle, and the data deluge from generative AI is on the horizon. Concerning cyber liability insurance, the report notes: “Despite ransomware insurance policies being commonplace, they come heavily caveated, leaving organizations financially vulnerable.” Findings in … Read more
Lockton Re, the reinsurance arm of the world’s largest independent insurance broker, welcomes Jacqueline Yeo as Cyber Analytics Lead and Annie Terry as a Broker, focused on cyber risk. Both are stationed at Lockton Re’s London office. Oli Brew, Cyber Practice Leader, London, Lockton Re, expresses excitement about the new additions to the expanding cyber … Read more
SecurEyes has partnered with Cyber Security Global, a key player in European and Latin American cybersecurity. The collaboration aims to strengthen leadership and provide digital security solutions in the regions. The expansion into Latin America and Europe signifies a milestone for the alliance. It showcases the commitment of both companies to innovation, excellence, and cybersecurity. … Read more
The global cyber insurance market is on a trajectory to hit a whopping USD 90.6 billion by 2033, with a robust Compound Annual Growth Rate (CAGR) of 22.3%. The research from Market.US states in 2023 alone, the market stood at USD 12.1 billion. This showcases the increasing importance of cyber insurance in an era of … Read more