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Cyber Insurance News

The Leading Source for Cybersecurity Insurance News, Insights and Data

Netwrix Reports Sharp Increase in Cyberattacks and Consequent Business Losses

Posted on May 2, 2024May 2, 2024 By Martin Hinton

In its latest report, Netwrix unveils the stark and growing menace of cyberattacks that have surged over the past year. The 2024 Hybrid Security Trends Report, distilled from a survey…

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Cybersecurity, Cybersecurity Report

Berkley Cyber Risk Solutions Launches Crisis Counseling Coverage for Data Breach Victims

Posted on May 1, 2024May 1, 2024 By Martin Hinton

Data breaches, often triggered by human error, not only compromise security but also bring significant emotional distress and financial impacts to the employees involved. The stress and guilt stemming from…

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Cyber Insurance Best Practices

Resilience Updates Cyber Risk Solutions with New Loss Prevention Features

Posted on May 1, 2024May 1, 2024 By Martin Hinton

Resilience has updated its cyber risk solutions, introducing new features that enhance its cyber insurance and risk management services. Following the release of Technology Errors and Omissions (E&O) coverage earlier…

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Cyber Insurance, Risk Modeling

CRISIL and Maxxsure Partner to Enhance Cyber Risk Management with Integrated Cyber Insurance Solutions

Posted on April 30, 2024April 30, 2024 By Martin Hinton

CRISIL Limited and Maxxsure have entered into a strategic partnership to enhance technology risk management by incorporating cyber insurance into their services. Announced from New York and Mumbai, this alliance…

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Cyber Insurance, Cybersecurity

Cyber Insurance Sunday – Upload

Posted on April 28, 2024April 28, 2024 By Martin Hinton

Here it is—Your Cyber Insurance Sunday—Upload. The latest cybersecurity insurance news. A few items from the week. Some we reported on, and others we found interesting: Fitch with a look…

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Cyber Insurance, Cyber Insurance Sunday - Upload

Group-IB Partners with NSSG to Bolster Cybersecurity in the Middle East

Posted on April 26, 2024April 26, 2024 By Martin Hinton

Group-IB, a leader in cybersecurity technology, has signed a Memorandum of Understanding (MOU) with Oman-based National Security Services Group L.L.C (NSSG), enhancing cybersecurity capabilities across the Middle East. The announcement…

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Cybersecurity

Ariel Re and Hiscox Re & ILS Launch CyberShock Consortium to Address Cyber Insurance Market Challenges

Posted on April 25, 2024April 25, 2024 By Martin Hinton

Ariel Re and Hiscox Re & ILS announced the creation of the CyberShock consortium. Based in London, this new initiative is a partnership between Ariel Re, a global reinsurance company…

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Cyber Insurance

Email Fraud Dominates Cyber Claims in 2023: Coalition Report

Posted on April 25, 2024April 25, 2024 By Martin Hinton

Coalition, an Active Insurance provider, released its 2024 Cyber Claims Report, revealing that over half of all cyber insurance claims in 2023 were due to email-related fraud. The report, detailing…

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Cyber Insurance, Cyber Insurance Reports

Zurich North America Announces Kara Higginbotham as Head of Professional Liability and Cyber for U.S.

Posted on April 23, 2024April 23, 2024 By Martin Hinton

Zurich North America has announced Kara Higginbotham’s appointment as the Head of Professional Liability and Cyber for U.S. National Accounts. Higginbotham will lead a team of underwriters tasked with serving…

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Cyber Insurance People

Cyber Insurance Sunday – Upload

Posted on April 21, 2024April 21, 2024 By Martin Hinton

Here it is—Your Cyber Insurance Sunday—Upload. The latest cybersecurity insurance news. A few items from the week. Some we reported on, and others we found interesting: Zywave, Cyberboxx, and CRC…

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Cyber Insurance Sunday - Upload

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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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