The Source for Cyber Insurance News, Insights and Data
CFC has launched an insurance solution tailored for mid-size to multinational tech companies. Targeting businesses with over $250 million in revenue, the offering provides tech and cyber risks coverage. “The global value of intangible assets has reached almost $80 trillion, driven by innovations like AI and the increasing importance of technology in everyday life,” said … Read more
As cyber threats become increasingly sophisticated and target the vital systems at the core of modern society, CyberCube’s “Global Threat Briefing H2 2024” underscores a critical reality: attacks on Single Points of Failure (SPoF) technologies and key sectors are no longer hypothetical. The report explores the systemic nature of these cyber threats and emphasizes the … Read more
UK businesses have lost £44 billion to cyber attacks in the past five years, according to Howden. Half of UK businesses, about 1.3 million companies, suffered at least one cyber attack during this time. The average cost of these attacks equals 1.9% of revenue. The Targets Large businesses were the most targeted. Seventy-four percent of … Read more
Coverdash, the insurtech broker, is now offering cyber insurance, and other covers, to start ups and SMBs via LendingTree, the large market place for business and other loans. “This strategic collaboration expands LendingTree’s suite of financial products for small to medium-sized businesses (SMBs), providing them with an efficient and streamlined way to obtain business insurance … Read more
When we saw 97% on a grade school test, it meant we did well. For America’s top retailers, that number signals trouble. A new report by cybersecurity firm SecurityScorecard reveals that 97% of the top 100 U.S. retailers experienced third-party data breaches in the past year. You could peg this to the coming holiday shopping … Read more