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Cybersecurity incidents have become a major financial burden for businesses worldwide, with losses reaching billions annually. In 2023 alone, the global economy lost an estimated $10.5 trillion due to cybercrime,…
Here it is—Your Cyber Insurance Sunday—Upload. The latest cybersecurity insurance news. A few items from the week: Reports on critical infrastructure risk by the GAO and Chaucer; Blumira and Trava…
The recent CrowdStrike outage has left many wondering about the full extent of its impact on the cyber liability insurance market. Consider this: “This is exactly what cyber insurance is…
Read More “CrowdStrike Outage Spurs Cyber Insurance Market Response: A Reporting Roundup” »
CRC Group, a major wholesale specialty insurance distributor in North America, has launched Cyber.IE, a new exclusive excess cyber insurance product. The company statement said this product offers the largest…
QBE Insurance, which operates in 27 countries, launched QCyberProtect, a cyber liability insurance policy designed to enhance clients’ cyber resilience globally. QCyberProtect offers tailored coverage for various cyber risks, including…
Read More “QBE Insurance Launches Global Cyber Coverage with QCyberProtect” »
According to a SkyQuest Technology report, the global cyber insurance market, valued at $12.94 billion in 2022, is poised for exponential growth. Analysts forecast the market to expand from $16.21…
Read More “Cyber Insurance Market to Surge, Projected to Reach $100.62 Billion by 2031 – Report” »
Small businesses often struggle to secure comprehensive cyber insurance due to limited coverage options and stringent underwriting criteria, leaving many vulnerable to cyber threats. With that in mind, Corvus Insurance…
Read More “Corvus Insurance Expands Cyber Insurance Offerings for Small Businesses” »
Tivly, a two-sided marketplace that matches businesses to insurance providers, has launched its latest educational resource, “Facts About Cyber Liability Insurance.” Partnered with over 200 insurance agents, brokers, and carriers,…
Read More “Tivly Unveils Comprehensive Guide on Cyber Liability Insurance” »
Dragos Inc., a cybersecurity firm specializing in operational technology (OT) environments, announced partnerships with several insurance providers, brokers, and legal firms. The collaboration aims to create a unified incident command…
Read More “Dragos Announces Partnerships to Enhance OT Cybersecurity Incident Response” »
Here it is—Your Cyber Insurance Sunday—Upload. The latest cybersecurity insurance news. A few items from the week. Some we reported on, and others we found interesting: Howden takes a peek…