cyber insurance

Cyber Insurance News Podcast EP#6 – Why SMBs Are the New Frontline in Cybersecurity: Insights from Dan Candee of Cork Protection

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In Episode #6 of the Cyber Insurance News Podcast, host Martin Hinton sits down with Dan Candee, CEO of Cork Protection, to explore the ever-growing cyber threats faced by small and mid-sized businesses (SMBs). In this wide-ranging conversation, they dive into real-world examples of cyberattacks, the limitations of traditional insurance, and how managed service providers … Read more

41.8% of Fintech Cybersecurity Breaches Traced to Vendor Risks, Report Finds

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Widespread Vendor Risk Among Fintech Leaders SecurityScorecard’s 2025 report reveals a concerning trend: 41.8% of breaches in top fintech firms stem from third-party vendors. An additional 11.9% involve fourth-party suppliers. These findings highlight growing systemic risks in the financial supply chain. The study analyzed 250 leading fintech companies. Despite strong internal controls, vendor exposure continues … Read more

Cyber Insurance Premiums to Increase after Marks & Spencer Cyber Attack?

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The Marks & Spencer hack — which might cost the retailer $400 million in profits, erased even more in market cap and could lead to cyber insurance claims of at least $133 million — is just one of three recent hacks of large British retailers. “At some point the increase in frequency and severity — … Read more

US Cyber Insurance Market Sees 5% Rate Decline Amid Evolving Threats

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Cyber Insurance Rates Drop Amid Stable Market Conditions The US cyber insurance market saw a 5% average rate decrease in Q4 2024, continuing a trend of pricing stability. Marsh reported that favorable conditions are expected to persist into 2025. Companies improved their cybersecurity controls, which underwriters viewed positively. Organizations also adjusted their insurance programs. Many … Read more

U.S. Cyber Insurance Premiums Decline Again in 2024 | Fitch Market Update

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Cyber Premiums Drop 6% in 2024 Amid Pricing Weakness According to Fitch Ratings, cyber insurance premiums in the U.S. dropped 6% in 2024, marking a second consecutive year of declines. This after surging 160% between 2020 and 2022. Despite the dip, the sector continues to generate substantial profits. Demand for cyber coverage remains high. However, … Read more

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