The Source for Cyber Insurance News, Insights and Data
Hyped as the future’s greatest innovation, AI technology is rapidly becoming cybercriminals’ favorite weapon, warns the “2025 AI Threat Report” by KELA. To be fair, the matter of whose future it will innovate leaves much to unfold. Picture AI as a razor-sharp chef’s knife—it can skillfully create gourmet masterpieces. Misused, it can wreak havoc. Cybercriminals, … Read more
Partnership Targets Growing Need for Privacy Risk Data in Insurance Underwriting LOKKER and Bitsight have partnered to offer privacy risk analysis through Bitsight’s cyber insurance platform. This collaboration aims to equip insurers with tools to evaluate data privacy threats during cyber insurance underwriting. LOKKER’s Privacy Risk Assessment Enhances Underwriting Insight LOKKER’s Privacy Risk Assessment Reports … Read more
BOXX Insurance leadership reshuffle. Jonathan Weekes has been named President of BOXX Canada. Phil Baker shifts to a fully global role as Chief Underwriting Officer. Finally, Neal Jardine becomes the company’s Global Cyber Intelligence and Claims Officer. These changes signal the company’s effort to boost its presence in Canada and expand its international cyber insurance … Read more
New Leadership in Cyber Development Emma Suschkov is taking her “passion for cybersecurity” to CFC as a new cyber development manager. She will be based in Toronto, Canada, and will focus on strengthening corporate relationships and expanding broker connections. Role and Responsibilities Suschkov will work closely with underwriting and claims teams in London. Her responsibilities include developing … Read more
According to S&P’s Cyber Risk Insights: Cyber Catastrophe Bonds Offer Greater Scope for Risk Mitigation, the cyber ILS market is poised for significant expansion. With rising demand for cyber insurance, interest in cyber insurance-linked securities (ILS) is growing. However, challenges such as policy standardization, investor education, and complex risk modeling may slow its progress. Cyber … Read more