The Source for Cyber Insurance News, Insights and Data
Cyber Insurance at the Forefront of Risk Management Cyber insurance remains one of the fastest-growing sectors in the insurance industry. As cyber threats escalate globally, businesses are expanding coverage to safeguard against emerging risks. The Policyholder Review 2024/25, from UK law firm Stewarts, is their first annual review of the insurance disputes landscape. The report … Read more
A recent CyberArk study found that 30% of employees share workplace passwords, creating an MFA security gap. The study surveyed 14,003 employees across six countries and revealed that 49% reuse passwords across multiple work applications, creating additional vulnerabilities. Findings like these are not new, and they highlight the ongoing risks businesses face. Risks that are … Read more
Converge Insurance has secured underwriting capacity from Obsidian Insurance Group. This enables it to offer cyber insurance for companies with up to $1 billion in revenue. A panel of reinsurers backs the partnership and aims to support wholesale brokers with comprehensive cyber coverage. Expanded Cyber Insurance Capacity Converge cyber insurance offerings include: Leadership Statements on … Read more
CYPFER has named Brian Burke as Vice President (VP) of Insurance & Law Strategy. Burke brings nearly a decade of experience in incident response and cyber insurance. Cybersecurity Incident Response Burke has built strong relationships within the cyber insurance and legal sectors. He has worked with insurers, brokers, and law firms to manage cybersecurity incidents … Read more
The U.S. Coast Guard (USCG) issued a final rule on January 17, 2025, to address cybersecurity threats in the Marine Transportation System (MTS). Effective July 16, 2025, the rule establishes new cybersecurity requirements for U.S.-flagged vessels, Outer Continental Shelf facilities, and onshore facilities regulated under the Maritime Transportation Security Act of 2002 (MTSA). (Summary of … Read more