The Source for Cyber Insurance News, Insights and Data
A recent study by IT.ie, in partnership with SonicWall, reveals that 73% of Irish office workers feel blamed for cybersecurity incidents. The findings indicate that 29% of employees reported someone in their organization being fired for causing a breach in the past year. Furthermore, 38% of respondents said their employers “always” hold staff accountable for … Read more
XS Brokers (XSB), a prominent independent insurance brokerage group, has announced a new Cyber Liability division. The division will be led by Scott Burns, Senior Vice President, who joined XSB in 2018 as a Cyber Liability Specialist. Burns brings over 12 years of experience in the insurance industry. During his tenure, he has played a … Read more
Cyber incidents, including ransomware, data breaches, and IT disruptions, dominate the Allianz Risk Barometer 2025 as the top global business risk, capturing 38% of responses. This marks the fourth consecutive year of cyber-related issues leading the ranking. The growing reliance on technology and the rapid evolution of artificial intelligence (AI) are intensifying concerns worldwide. “For … Read more
Cyber threats continue to escalate, with 69% of U.S. businesses reporting a rise in cyber attacks over the past year, according to the 2024 Hiscox Cyber Readiness Report. It is probably safe to say this is not the year-to-year growth most companies seek. Surveying over 2,100 global cybersecurity professionals, including 400 U.S. participants, the study … Read more
CyberCube has unveiled its 2025 Predictions Report, highlighting key trends shaping the cyber (re)insurance market. With insights from industry leaders, the report emphasizes emerging challenges and opportunities in cyber risk management. From the report, “While market conditions remain competitive, the continued maturation of the sector offers significant potential for growth and innovation.” Some of your … Read more