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Cyber Insurance News

The Leading Source for Cybersecurity Insurance News, Insights and Data

Zywave Enhances Cyber Quoting with Benchmarking and Loss Data

Posted on November 8, 2024November 8, 2024 By Martin Hinton

In the world of cyber insurance, data serves as a crucial tool for brokers, transforming information into actionable insights that empower better decision-making. Zywave has introduced a new data-driven enhancement…

Read More “Zywave Enhances Cyber Quoting with Benchmarking and Loss Data” »

Cyber Insurance

ABI and Lloyd’s Publish Comprehensive Guide on Defining Major Cyber Events

Posted on November 7, 2024November 25, 2024 By Martin Hinton

An action plan is crucial for any company facing a crisis, and when it comes to cyber events, having a well-defined strategy can make all the difference. The newly released…

Read More “ABI and Lloyd’s Publish Comprehensive Guide on Defining Major Cyber Events” »

Cyber Insurance Reports

CFC Launches European Cyber Team, Appoints Ilaria Silvato to Spearhead Growth

Posted on November 7, 2024November 25, 2024 By Martin Hinton

CFC has launched a dedicated European corporate cyber team to expand its cyber insurance services across Europe. The specialist insurer appointed Ilaria Silvato, former international underwriting manager for cyber risks…

Read More “CFC Launches European Cyber Team, Appoints Ilaria Silvato to Spearhead Growth” »

Cyber Insurance, Cyber Insurance EU

Beazley CEO Praises Resilience Amid Cyber Claims, Maintains 80% Combined Ratio Goal

Posted on November 6, 2024November 25, 2024 By Martin Hinton

Beazley plc remains on track to meet its full-year guidance, reporting a 7% increase in insurance written premiums, reaching $4.6 billion by the end of Q3 2024. Net insurance written…

Read More “Beazley CEO Praises Resilience Amid Cyber Claims, Maintains 80% Combined Ratio Goal” »

Cyber Insurance

MSPs Struggle With Cybersecurity Solutions, Guardz Survey Finds

Posted on November 6, 2024November 25, 2024 By Martin Hinton

A new survey by cybersecurity firm Guardz has unveiled the complex challenges faced by Managed Service Providers (MSPs) across the United States. Over 260 MSPs participated in the Guardz MSP…

Read More “MSPs Struggle With Cybersecurity Solutions, Guardz Survey Finds” »

Cyber Insurance, Cybersecurity, Managed Service Providers

RSA’s 2025 ID IQ Report “Shocked”-Highlights High Costs of Identity Breaches and Shift Toward AI and Passwordless Security

Posted on November 5, 2024November 25, 2024 By Martin Hinton

In a landscape where digital security is paramount, RSA’s 2025 ID IQ Report underscores critical cybersecurity trends that organizations need to be aware of. Rohit Ghai, RSA’s CEO, frames the…

Read More “RSA’s 2025 ID IQ Report “Shocked”-Highlights High Costs of Identity Breaches and Shift Toward AI and Passwordless Security” »

Cyber Insurance, Cybersecurity, Cybersecurity Report

Cyber Monitoring Centre and British Chambers of Commerce join forces to analyze cyber incidents

Posted on November 5, 2024November 25, 2024 By Martin Hinton

More than a few people have declared that “Information is power.” But that’s the easy part. Getting it is the hard part. In today’s digital landscape, where cyber threats constantly…

Read More “Cyber Monitoring Centre and British Chambers of Commerce join forces to analyze cyber incidents” »

Cybersecurity

Cybersecurity Threats Escalate: Microsoft Warns of Increasingly Sophisticated Attacks in 2024

Posted on November 4, 2024November 25, 2024 By Martin Hinton

Microsoft’s latest Digital Defense Report highlights an alarming rise in the complexity and scale of cyber threats, urging a collective defense strategy to counter both state-sponsored and criminal attacks. The…

Read More “Cybersecurity Threats Escalate: Microsoft Warns of Increasingly Sophisticated Attacks in 2024” »

Cyber Insurance, Cybersecurity, Cybersecurity Report

Lloyd’s Syndicate 1176 and Chaucer Launch Cyber Insurance Policy for Nuclear Power Plants

Posted on November 4, 2024November 25, 2024 By Martin Hinton

Lloyd’s Syndicate 1176 and Chaucer have partnered to introduce a specialized cyber insurance policy to protect nuclear power plant (NPP) operators from malicious cyber attacks. As cyber threats against the…

Read More “Lloyd’s Syndicate 1176 and Chaucer Launch Cyber Insurance Policy for Nuclear Power Plants” »

Critical Infrastructure cyber insurance and security, Cyber Insurance

Remembering the Obvious: In Cybersecurity and Insurance, People Matter Most – Opinion

Posted on November 3, 2024November 25, 2024 By Martin Hinton

We often forget what we should remember. The sun rises, the tides ebb and flow, and people make mistakes. “To err is human,” they say. In our rush to embrace…

Read More “Remembering the Obvious: In Cybersecurity and Insurance, People Matter Most – Opinion” »

Opinion/Commentary

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Cyber Insurance News
Discover the escalating cyber threats targeting industrial sectors in 2025. According to Honeywell's latest Cybersecurity Threat Report, ransomware attacks have surged by 46% in Q1 2025, with 2,472 incidents reported. Notably, the W32.Worm.Ramnit trojan has seen a 3,000% increase, accounting for 37% of malicious files detected. USB devices remain a significant vulnerability, with 1,826 unique threats identified, including 124 new malware strains.

Key Highlights:

Ransomware-as-a-Service (RaaS) is increasingly targeting Operational Technology (OT) systems.

USB exploitation was involved in 25% of recent incidents.

Critical sectors at risk include energy, water treatment, transportation, and agriculture.

Human error and poor privilege management contribute to over 60 cases of unauthorized access.

Potential economic impact includes $1.5 trillion in downtime for U.S. firms.

Recommendations:

Implement Zero Trust Architecture.

Enforce Multi-Factor Authentication (MFA).

Utilize AI-powered threat detection.

Conduct regular vulnerability assessments.

Ensure backups use air-gapped storage.

Stay informed and proactive against growing cyber threats. Secure your industrial environment now before it's too late.

#IndustrialCybersecurity #Ransomware2025 #OTSecurity #USBThreats #HoneywellReport #CyberRisk #ZeroTrust #CriticalInfrastructure #CyberAwareness #SCADASecurity
Industrial Cybersecurity in 2025: Ransomware Surge & USB Threats Exposed
In this clip from Episode #EP-6 of Cyber Insurance News Podcast, host Martin Hinton is joined by guest Dan Candee, CEO of Cork Protection, to break down the often-confusing acronyms MSP (Managed Service Provider) and MSSP (Managed Security Service Provider).

🔍 Dan explains how these service providers play a crucial role in modern business — supporting IT infrastructure, cybersecurity, cloud services, and more — in a clear, relatable way.

👨‍💻 Whether you're a small business owner, entrepreneur, or just trying to make sense of cybersecurity, this clip offers valuable insights into how to secure your business with the right tech partners.

✅ Topics Covered:

What MSPs and MSSPs really do

Cybersecurity made simple with real-world analogies

Why modern businesses rely on managed service providers

Protecting your data, brand, and reputation

🎧 Subscribe for more expert insights into cybersecurity, tech, and cyber insurance trends.

#CyberSecurity #MSP #MSSP #SmallBusinessTech #CyberInsurance #CyberRisk #ManagedServiceProvider #BusinessSecurity #CorkProtection #DanCandee #CyberProtection #TechSimplified
Cybersecurity for Small Business - MSP vs MSSP Explained | Dan Candee Simplifies A Jargon-Rich Space
In this clip from our latest podcast, Dan Candee, CEO of Cork Protection, discusses a critical component of SMB cyber resilience—the evolving role of cybersecurity insurance. Dan highlights the need for nimbleness in cyber coverage, especially for small businesses that often bear the brunt of devastating attacks.

💬 Quote Highlight:
"At the end of the day, my business is to serve the SMB market... who is providing the most value fastest." – Dan Candee, CEO Cork Protection.

#CyberResilience, #CyberSecurity, #SmallBusinessSecurity, #SMBProtection, #DigitalSafety, #CyberInsurance, #InsurTech, #MSPCommunity, #TechForSMBs, #CyberThreats, #DanCandee, #CorkProtection, #PodcastClip, #CybersecurityPodcast, #FastResponseInsurance, #BusinessTips, #EntrepreneurAdvice, #TechTalks, #DataProtection, #InsuranceTrends
Cyber Insurance for SMBs – What Needs to Change? | Dan Candee Interview
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