The Source for Cyber Insurance News, Insights and Data
Enterprises are accelerating their deployments of artificial intelligence, yet cyber risk management practices continue to lag, according to a new global study from OpenText and the Ponemon Institute. The report highlights a widening gap between innovation and security readiness, raising concerns about AI governance across the cyber insurance and cybersecurity sectors. The study, Managing Risks … Read more
Tokio Marine Kiln (TMK) has appointed Francesca Kevill as Underwriter in its Cyber & Enterprise Risk team, enhancing its cyber liability insurance capabilities. She joins immediately and reports to Ellie Webb, Head of Delegated Cyber & IP. Ellie Webb, Head of Delegated Cyber & IP at Tokio Marine Kiln, said: “We’re delighted to welcome Francesca … Read more
Quick Take Midmarket cybersecurity is struggling with self-awareness. Companies claim readiness for today’s cybersecurity risk, but a new industry report reveals teams are stretched, tool stacks fragmented, and many firms still need up to a week to assess critical vulnerabilities, far slower than attackers move. Boardroom visibility is also limited; only 9% discuss cyber risk … Read more
Cyber insurance underwriting is changing. The old way, where applicants just checked boxes and signed forms, is being replaced by a need for real proof. This change was the main topic in a recent Cyber Insurance News and Information Podcast with Jessica Newman, Global GM of Cyber Insurance at Sophos. Newman explained that the market … Read more
In the old Popeye cartoons, Wimpy liked to say, “I’ll gladly pay you Tuesday for a hamburger today.” When it comes to ransomware payment, companies seem to be stealing Wimpy’s line and saying, “I’ll gladly pay you Tuesday for your ransomware today.” And just like the cartoon, Tuesday, or “pay day,” never comes. Coalition’s new … Read more