cyber insurance

Cyber Risk Pool Urgently Needed to Protect from Catastrophe

by

Why a Cyber Risk Pool is Essential A newly released report from Lockton Re, “Cyber Risk Pools and Public-Private Partnerships: Time to Dive In?” highlights the urgent need for a cyber risk pool to mitigate the financial impact of large-scale cyberattacks. The report warns that existing insurance solutions are insufficient to handle systemic cyber threats, … Read more

SecurityScorecard Achieves StateRAMP Ready Status and Reaffirms FedRAMP Compliance

by

As cyber threats targeting government supply chains increase, strong security standards like FedRAMP and StateRAMP ensure agencies can safely adopt cloud solutions. These cloud security certifications set clear cybersecurity requirements, helping federal, state, and local governments protect sensitive data and mitigate third-party risks. SecurityScorecard Expands Cybersecurity Compliance with FedRAMP and StateRAMP SecurityScorecard has achieved StateRAMP … Read more

Cyber Insurance Rates Fall 5% in the US as Other Markets Show Mixed Trends in Q4 2024

by

Cyber insurance rates dropped 5% in the US and 7% globally in Q4 2024, according to Marsh’s Global Insurance Market Index. The market benefited from abundant capacity, with new capital expected in 2025. Many companies reinvested premium savings into higher coverage limits and lower retentions. Claim volume increased, with over 2,000 US cases related to … Read more

MFA Security Gap: Why It Puts Cyber Insurance Coverage and Business Security at Risk

by

A recent CyberArk study found that 30% of employees share workplace passwords, creating an MFA security gap. The study surveyed 14,003 employees across six countries and revealed that 49% reuse passwords across multiple work applications, creating additional vulnerabilities. Findings like these are not new, and they highlight the ongoing risks businesses face. Risks that are … Read more

Converge Cyber Insurance Expands – New Underwriting Capacity from Obsidian

by

Converge Insurance has secured underwriting capacity from Obsidian Insurance Group. This enables it to offer cyber insurance for companies with up to $1 billion in revenue. A panel of reinsurers backs the partnership and aims to support wholesale brokers with comprehensive cyber coverage. Expanded Cyber Insurance Capacity Converge cyber insurance offerings include: Leadership Statements on … Read more

×