The Source for Cyber Insurance News, Insights and Data
Third-Party Risk Accounted for Nearly a Quarter of Material Claims According to new data from cyber risk firm Resilience, third-party risk became a leading cause of cyber insurance claims in 2024. The report found that vendor-related incidents accounted for 31% of all claims and nearly 23% of incurred losses. In 2023, third-party risk had no … Read more
Infostealers and Ransomware Surge as Cybercriminals Expand Tactics Cybercrime has reached “an unprecedented level of sophistication,” according to KELA’s State of Cybercrime 2024 cybersecurity report. The study highlights how cybercriminals are forming alliances, adopting artificial intelligence (AI), and exploiting vulnerabilities at a scale never seen before. A Year of Alarming Growth in Cyber Threats Infostealer … Read more
Almost all, a staggering, 96% of ransomware incidents now involve data breaches with data theft. This marks a significant shift in cybercriminals’ strategies. This is according to Arctic Wolf’s 2025 Threat Report. The cybersecurity report’s findings highlight how threat actors are adapting to stronger cybersecurity defenses by prioritizing cyber extortion and leveraging vulnerabilities for infiltration. … Read more
SecurityScorecard and P3 Group have announced a strategic partnership to improve supply chain security worldwide. SecurityScorecard’s MAX Managed Service will be integrated into P3 Group’s cybersecurity offerings, providing clients with enhanced threat detection and risk mitigation tools. Enhancing Supply Chain Security SecurityScorecard, a firm in Supply Chain Detection and Response (SCDR), offers real-time security ratings … Read more
CyberCube and Feathery are teaming up to add AI automation to cyber insurance workflows. The companies hope this integration will help brokers and insurers process data faster and assess risks more accurately. Automating Cyber Insurance Data Intake Feathery’s automation extracts cyber underwriting data from submission PDFs, ACORD forms, and loss runs. CyberCube’s CyberConnect API suite … Read more