The Source for Cyber Insurance News, Insights and Data
WTW has appointed Ashley Hart as the Cyber Leader for its Private Equity and Transactional Solutions (PE&TS) team within Corporate Risk and Broking, North America. Hart will deliver cyber risk transfer solutions to private equity clients and their portfolio companies across North America in this role. Hart previously served as the West Zone Region cyber … Read more
A recent survey by the UK Home Office reveals that half of UK businesses have experienced cyber security breaches or attacks in the past year, underscoring the escalating digital risks they face. Phishing remains the most prevalent threat, affecting 84% of businesses, while medium and large companies report even higher rates of cyber incidents. As … Read more
AXA XL launched a new cyber insurance endorsement specifically designed to meet the cybersecurity needs of U.S. construction firms. This innovative endorsement offers enhanced coverage that aligns with the industry’s increasing use of digital tools like 3D models, AI, IoT devices, and supply chain management software—technologies that expose construction companies to unique cyber vulnerabilities. Michelle … Read more
The energy sector powers nearly every facet of modern life, from the moment you flip a light switch to the fuel that propels global industries forward. It’s a sprawling network of interconnected systems—electricity, oil, and natural gas—delivering critical resources through over 6,400 power plants and countless miles of pipelines. The scale is vast, and so … Read more
Cybercrime incidents cost the Middle East an average of over $8 million (€7.2 million) per incident in 2023, according to IBM-funded research spanning data breaches in 16 countries. In response to the growing financial toll of cyber threats, Alvacomm announced the launch of a cyber risk platform tailored for insurance providers and brokers in the … Read more