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The Leading Source for Cybersecurity Insurance News, Insights and Data

Cyber Risks Continue to Rise: NetDiligence Releases Latest Cyber Claims Study

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

NetDiligence has unveiled its fourteenth annual Cyber Claims Study, offering a comprehensive analysis of over 10,000 cyber insurance claims reported between 2019 and 2023. The report highlights emerging trends in…

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Cyber Insurance Reports

Cyber Insurance Sunday – Upload

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

Here it is—Your Cyber Insurance Sunday—Upload. The latest cybersecurity insurance news. A few items from the week. Some from us, some from others: Delinea on the importance of Identity; Coalition…

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Cyber Insurance, Cyber Insurance Sunday - Upload

Bermuda’s Cyber Insurance Market Growth Amid Rising Cyber Risks – Report

Posted on September 13, 2024September 13, 2024 By Martin Hinton

The cyber insurance market is undergoing significant changes, driven by the increasing scale and sophistication of cyberattacks worldwide. The Bermuda Monetary Authority’s (BMA) 2023 Bermuda Cyber Underwriting Report highlights how…

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Cyber Insurance, Cyber Insurance Reports

Data Backup Strategies Under Scrutiny After High-Profile Failures -Apricorn Survey

Posted on September 12, 2024September 12, 2024 By Martin Hinton

Recent and historical data incidents, such as the 2021 Colonial Pipeline ransomware attack and the 1998 near-loss of Pixar’s Toy Story 2, underscore the critical importance of robust data backup…

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Cyber Insurance, Cyber Insurance Best Practices

HSB Expands Personal Cyber Insurance Coverage (Even Your Car & Emotional Well-Being, Not to Mention those Star Wars NFTs, are Covered)

Posted on September 12, 2024September 12, 2024 By Mark Sauter

HSB (Hartford Steam Boiler), part of Munich Re, has expanded its personal and family cyber insurance to help customers deal with new digital risks. This includes protection against things like…

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AI & Cyber Insurance, Cyber Insurance, Cyber Insurance Best Practices, Cyber Insurance Carriers & Brokers, Personal Cyber Insurance

Cyber Insurance Market Trends Amid Evolving Threat Landscape – Amwins Report

Posted on September 12, 2024September 12, 2024 By Martin Hinton

There is no shortage of reports on the cyber insurance market, but their value is undeniable, given the dynamic, persistent, and growing nature of cyber threats. With cyber risks constantly…

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Cyber Insurance Reports

Todyl Updates Partner Program to Support MSPs in Cybersecurity Efforts

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

Todyl announced an update to its Partner Program, designed to provide Managed Service Providers (MSPs) with additional resources and support to strengthen their cybersecurity capabilities. The revised program aims to…

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Cybersecurity, Managed Service Providers

Market Growing at Sizzling 22.6% CAGR: Cyber Insurance Market Analysis from Data Bridge

Posted on September 11, 2024September 11, 2024 By Mark Sauter

Data Bridge estimates the “Third Party Cyber Insurance Market” was worth $7.7 billion in 2022 and will reach $39.5 billion (numbers rounded) by 2030—a look at this latest cyber insurance…

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Cyber Insurance, Cyber Insurance APAC, Cyber Insurance EU, Cyber Insurance Market Size, Cyber Insurance Reports

The Critical Role of Identity Security – Delinea’s 2024 Cyber Insurance Report

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

In espionage, as dramatized in the Mission Impossible movies, masks, and high-tech gadgets are often used to fool security systems into thinking someone is who they are not. In reality,…

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Cyber Insurance Reports, Cybersecurity

Coalition Launches Reinsurance Intermediary to Expand Cyber Reinsurance Offerings

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

As cybercrime continues to surge, costing the global economy, by some estimates, $10.5 trillion annually by 2025, the cyber insurance industry is evolving to manage these escalating risks. In response…

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Reinsurance

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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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