The Source for Cyber Insurance News, Insights and Data
As readers of Cyber Insurance News know, I’ve been immersed in the world of cyber insurance and security, covering the issues and people impacting the sector and, along with our team, writing hundreds of stories and posts on the cyber insurance industry. I’ve encountered a domain that is often cloaked in technical jargon and acronyms. Then there’s the financial complexity … Read more
Cybersecurity risks are escalating as businesses embrace digitalization, creating one of the most urgent challenges of our time. Cyber incidents, including ransomware attacks and data breaches, have topped global risk charts, leaving many businesses scrambling for solutions. Despite the exponential growth of the cyber insurance market—premiums soared from $1.5 billion in 2013 to $15 billion … Read more
Michael Lewis will join CFC in January 2025 as Cyber Development Manager. This appointment strengthens CFC’s cyber team in Australia. He spent two years at Emergence Insurance as a business development underwriter. He will operate from CFC’s office in Melbourne. Lewis’s role is CFC’s first dedicated cyber business development position in Australia. His focus will … Read more
I read it and thought this isn’t new, “97% of Leading U.S. Banks Impacted by Third-Party Data Breaches in 2024.” I went to check on SecurityScorecard’s website. I was wrong; it is new, and I’d confused it with this press release from last month, “97% of Top U.S. Retailers Experienced a Third-Party Breach.” While my … Read more
Chief Information Security Officers (CISOs) might want to polish off their resumes. Cybersecurity firm Derive suggests the CISO role could become a “dying breed.” The Virginia-based company has launched a next-generation platform it claims can replace CISOs with data-driven insights. Derive’s Cyber Risk Quantification (CRQ) platform promises to redefine cybersecurity leadership. The system quantifies cyber … Read more