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The Leading Source for Cybersecurity Insurance News, Insights and Data

Pen Underwriting Launches Revamped Corporate Cyber Insurance Offering

Posted on October 17, 2024October 17, 2024 By Martin Hinton

Pen Underwriting has relaunched its cyber insurance proposition for large corporate clients, marking a significant expansion in its coverage and risk appetite. Announced on October 17, 2024, the revamped offering…

Read More “Pen Underwriting Launches Revamped Corporate Cyber Insurance Offering” »

Cyber Insurance

Cyber Insurance Market Grows, But C-Suite and Board Engagement Remains Low

Posted on October 17, 2024October 17, 2024 By Martin Hinton

Despite the growing adoption of cyber insurance across large enterprises, a striking gap remains in executive and boardroom engagement with these crucial policies. According to the 2024 Cyber Insurance Report…

Read More “Cyber Insurance Market Grows, But C-Suite and Board Engagement Remains Low” »

Cyber Insurance, Cyber Insurance Reports

Concierge Cyber Launches Companion Products for D&O Insurance

Posted on October 16, 2024October 16, 2024 By Martin Hinton

Directors and Officers (D&O) insurance can be an essential part of protecting executives’ personal assets and mitigating the risks companies face from lawsuits tied to management decisions. With this concern…

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Cyber Insurance

Just Half of Oil And Gas Companies Have Cyber Insurance – Moody’s Survey

Posted on October 15, 2024October 15, 2024 By Martin Hinton

In May 2021, a ransomware attack on the Colonial Pipeline slammed the brakes on fuel deliveries across the U.S. East Coast, exposing the alarming vulnerability of critical infrastructure and sparking…

Read More “Just Half of Oil And Gas Companies Have Cyber Insurance – Moody’s Survey” »

Critical Infrastructure cyber insurance and security, Cyber Insurance

Stellar Cyber Launches RiskShield: Tailored Cyber Insurance for MSSPs

Posted on October 14, 2024October 14, 2024 By Martin Hinton

Stellar Cyber has launched its RiskShield Cyber Insurance Program, tailored for Managed Security Service Providers (MSSPs) and their clients. The program, created in partnership with Converge Insurance, integrates cyber insurance…

Read More “Stellar Cyber Launches RiskShield: Tailored Cyber Insurance for MSSPs” »

Cyber Insurance, Cybersecurity, Managed Service Providers

Coterie Partners with Berkley Re and TransUnion to Offer Cyber Insurance

Posted on October 11, 2024October 11, 2024 By Martin Hinton

Coterie Insurance has introduced cyber insurance to its platform through a partnership with Berkley Re Solutions and TransUnion. The new offering aims to provide small businesses with additional protection against…

Read More “Coterie Partners with Berkley Re and TransUnion to Offer Cyber Insurance” »

Cyber Insurance for SMEs/SMBs, Small Business

Severity of Ransomware Attacks Surges in First Half of 2024 – Coalition Report

Posted on October 10, 2024October 10, 2024 By Martin Hinton

In the rapidly evolving cyber threat landscape, the year 2024 has seen a dramatic increase in ransomware attack severity, according to Coalition’s newly released 2024 Cyber Claims Report: Mid-year Update….

Read More “Severity of Ransomware Attacks Surges in First Half of 2024 – Coalition Report” »

Cyber Insurance, Ransomware Insurance

Cowbell Marks First Year in UK with Triple-Digit Growth

Posted on October 10, 2024October 10, 2024 By Martin Hinton

Cowbell, an SME cyber insurance provider, celebrated its first anniversary in the UK by reporting impressive triple-digit growth across key metrics. A company press release noted that since expanding into…

Read More “Cowbell Marks First Year in UK with Triple-Digit Growth” »

Cyber Insurance, Cyber Insurance for SMEs/SMBs

Ransomware and Data Exfiltration Continue to Dominate Cyber Losses – Allianz Report

Posted on October 9, 2024October 9, 2024 By Martin Hinton

In the first half of 2024, the global landscape of cyber insurance has seen a marked rise in both the frequency and severity of cyber claims, driven by increasing data…

Read More “Ransomware and Data Exfiltration Continue to Dominate Cyber Losses – Allianz Report” »

Cyber Insurance, Cyber Insurance Reports

Netwrix Strengthens Hybrid Security with Entra ID Integration, Aiming to Meet Evolving Cyber Insurance Requirements

Posted on October 9, 2024October 9, 2024 By Martin Hinton

Meeting cyber insurance policy demands is an evolving reality as organizations face increasing cyber threats across both on-premises and cloud environments. “In 2024, 48% of organizations had to make changes…

Read More “Netwrix Strengthens Hybrid Security with Entra ID Integration, Aiming to Meet Evolving Cyber Insurance Requirements” »

Cyber Insurance Best Practices, Cybersecurity

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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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