The Source for Cyber Insurance News, Insights and Data
Expanded Warranty Boosts Cyber Protection Capabilities CISO Global (NASDAQ: CISO) has increased the financial protection offered through its CHECKLIGHT® software. The warranty now covers up to $1 million per incident, with a $1.5 million annual cap per customer. This marks a fourfold increase from the prior $250,000 cap. The expansion, announced on May 29, 2025, … Read more
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
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
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
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