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Cyber Insurance News

The Leading Source for Cybersecurity Insurance News, Insights and Data

Cyber Insurance Market Grows Amid Rising Threats and Regulatory Changes – Morningstar DBRS

Posted on June 27, 2024June 27, 2024 By Martin Hinton

The cyber insurance market is experiencing unprecedented growth, driven by escalating cyber threats and stringent regulatory requirements. A recent report by Morningstar DBRS, Cyber Insurance Market Growth Driven by Regulatory…

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Cyber Insurance Reports

Vanessa Maxwell Appointed Global Head of Cyber Insurance at Allianz Commercial

Posted on June 19, 2024June 19, 2024 By Martin Hinton

Allianz Commercial has announced a significant addition to its global leadership team. Vanessa Maxwell has been appointed as the Global Head of Cyber, while continuing her role as Global Head…

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Cyber Insurance People

AttackIQ and Trium Cyber Forge Global Partnership to Fortify Policyholder Cybersecurity Defenses

Posted on June 19, 2024June 19, 2024 By Martin Hinton

In a move to enhance cybersecurity defenses, AttackIQ and Trium Cyber have announced a global partnership to equip policyholders with cutting-edge security solutions. This collaboration will introduce AttackIQ Flex, an…

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Cyber Insurance, Cybersecurity

Cybersecurity’s Night Out: Resilience and More Take Home Top Zywave Honors

Posted on June 18, 2024June 18, 2024 By Martin Hinton

Zywave, a leading insurtech provider, honored the cyber risk industry’s best individuals and firms at the 11th annual Cyber Risk Awards at Gotham Hall in New York City on Thursday,…

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Cyber Insurance Industry Groups, Cybersecurity

Canopius Strengthens Cyber Insurance Team with Chris Getty Appointment

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

Canopius Group, a global specialty and P&C (re)insurer, bolsters its cyber and technology team with the appointment of Chris Getty as Cyber and Technology Underwriter. With immediate effect, Chris will…

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Cyber Insurance

Cavelo and DataStream Insurance Partner to Streamline MSP Cyber Insurance

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

Cavelo Inc. and DataStream Insurance have partnered to simplify the cyber insurance process for Managed Service Providers (MSPs). This collaboration aims to help MSPs manage cyber risk more effectively and…

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Cyber Insurance

Vantage Risk Launches U.S. Primary Cyber Insurance Amid Rising Cybercrime Threats

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

Amid the rising tide of cybercrime and frequent hacking incidents, Vantage Group Holdings Ltd. (Vantage) has introduced U.S. primary cyber insurance to meet the growing demand for robust cyber risk…

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Cyber Insurance

Cyber Insurance Sunday – Upload

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

Here it is—Your Cyber Insurance Sunday—Upload. The latest cybersecurity insurance news. A few items from the week: CrowdStrike lends a hand to Ascot Group, AXA XL, Beazley Insurance, Berkley Cyber…

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Cyber Insurance, Cyber Insurance Sunday - Upload

Cyber Liability Insurance Boosts Aerospace Insurance Market Growth

Posted on June 7, 2024June 7, 2024 By Martin Hinton

Technavio’s latest report, Aerospace Insurance Market Analysis, predicts that the global aerospace insurance market will expand by USD 819.3 million from 2024 to 2028. That’s a CAGR of 4.48%. This…

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Cyber Insurance

CrowdStrike Launches “Falcon for Insurability” to Enhance Cyber Insurance Eligibility

Posted on June 5, 2024June 5, 2024 By Martin Hinton

In a collaborative effort to strengthen digital defenses and improve cyber insurance accessibility, CrowdStrike has unveiled its new Falcon for Insurability program. This initiative is designed to help organizations qualify…

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Cyber Insurance, Cybersecurity

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Cyber Insurance News
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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