The Source for Cyber Insurance News, Insights and Data
Illinois Cyber Insurance Litigation The ruling in Illinois cyber insurance litigation, which came last month in the state’s appeals court, stemmed from the high-profile 2021 ransomware attack on Kronos Private Cloud (now part of UKG), in which hackers exploited vulnerabilities like Log4j to disrupt payroll and HR services for millions of employees worldwide. Clients, including … Read more
Shopify, the global ecommerce platform, has issued a warning to the millions of companies that use its platform: you better get cyber insurance for small business. “Shopify secures its platform, but you’re responsible for your store’s data. Learn why cyber insurance is essential for protecting your business from data breaches, phishing, and app risks,” the … Read more
Hospital security teams protect “many thousands of network-connected devices” while keeping patient care steady. A new Asimily survey shows that healthcare cybersecurity leaders still struggle most with visibility into the Internet of Medical Things (IoMT). Connected Medical Devices Expand The Attack Surface Asimily calls cyber asset exposure management an ongoing challenge for hospital defenders. The … Read more
The global cyber insurance market size is positioned for strong long-term growth, but competitive challenges are increasing for re/insuers, according to recent analyses from Market Research Future and S&P Global Ratings. According to a Market Research Future report, the cyber insurance market size is projected to expand from $13.13 billion in 2024 to $126.89 billion … Read more
If telling the future were possible, we’d be sure that 2026 will be the year of the AI deepfake craze. But the future has its own plans. Across the cybersecurity realm, companies are raising the flags and launching tools. Enter KnowBe4. They’ve launched a new deepfake detection training program to help organizations deal with the … Read more