cyber insurance

SecurityScorecard and P3 Group Partner to Improve Global Supply Chain Security

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SecurityScorecard and P3 Group have announced a strategic partnership to improve supply chain security worldwide. SecurityScorecard’s MAX Managed Service will be integrated into P3 Group’s cybersecurity offerings, providing clients with enhanced threat detection and risk mitigation tools. Enhancing Supply Chain Security SecurityScorecard, a firm in Supply Chain Detection and Response (SCDR), offers real-time security ratings … Read more

Cyber Attacks on Manufacturers Surge as IT-OT Convergence Expands Industrial Cybersecurity Risks

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Global Cyber Attacks on Manufacturers Increase Sharply A recent Omdia report commissioned by Telstra International highlights a surge in cyber attacks on manufacturing firms. The study reveals that 80% of manufacturers experienced security breaches last year, yet only 45% are adequately prepared. With the rise of Industry 4.0 and IT-OT convergence, the industry faces heightened … Read more

CyberCube and Feathery Partner to Automate Cyber Insurance Risk Assessments

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CyberCube and Feathery are teaming up to add AI automation to cyber insurance workflows. The companies hope this integration will help brokers and insurers process data faster and assess risks more accurately. Automating Cyber Insurance Data Intake Feathery’s automation extracts cyber underwriting data from submission PDFs, ACORD forms, and loss runs. CyberCube’s CyberConnect API suite … Read more

Cyber Insurance Market Grows to $16.6 Billion in 2024: Guy Carpenter

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Industry Growth Driven by New Markets and Products The global cyber insurance market has grown to an estimated $16.6 billion in 2024, according to Guy Carpenter’s latest “Behind the Firewall” report. This represents continued expansion in a market that has stabilized following sharp premium increases in 2021 and 2022. North America remains the dominant player, … Read more

Cybersecurity Gap: Why SMEs Must Catch Up to Large Organizations in Cyber Resilience

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SMEs Struggle to Keep Up with Cybersecurity Standards Small and medium-sized enterprises (SMEs) in the European Union are falling behind larger organizations in cybersecurity, according to a new report by Marsh in collaboration with the Federation of European Risk Management Associations (FERMA). The report, Why the Cybersecurity Gap Between SMEs and Large Organisations Matters, reveals … Read more

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