The Source for Cyber Insurance News, Insights and Data
The cybersecurity landscape is evolving rapidly, and the recent SEC (Securities and Exchange Commission) rules have added a new layer of complexity for public companies. Jeremy King of Olshan Frome Wolosky has delved into the crucial issues surrounding cyber risk management and the implications of these rules. Below we explore the insights shared by Bloomberg … Read more
Arch Insurance has unveiled Arch CyPro. This groundbreaking cyber insurance solution aims to proactively protect businesses in an ever-evolving landscape of cyber threats. With cyberattacks on the rise, Arch Insurance is seeking to redefine the standards for cyber insurance policies. Marilyn Marshall, Executive Vice President of Professional Liability and Cyber at Arch Insurance, emphasized the … Read more
The global Cyber Insurance Market is poised for substantial growth. New research expects it to reach a staggering USD 97.6 billion by 2032. Analysis from Acumen Research and Consulting indicates this surge is driven by the escalating frequency and severity of cyber-attacks worldwide. Cyber insurance, designed to cover financial losses resulting from cyber threats such … Read more
Adlumin, a security operations platform and managed detection and response (MDR) service provider, has announced two new offerings to help small and mid-sized organizations (SMBs) improve their cybersecurity posture and get access to cyber insurance coverage. The first offering is the Adlumin Protect Warranty. It provides up to $500,000 in financial protection at no cost … Read more
PERILS, an independent organization providing industry-wide catastrophe insurance data, and CyberAcuView, an organization set up by leading cyber insurers, have launched a US Cyber Industry Loss Index. The index will report affirmative US primary cyber market losses resulting from systemic cyber incidents that affect more than one insurer and more than one policyholder. The reporting … Read more