The Source for Cyber Insurance News, Insights and Data
As cybercrime continues to surge, costing the global economy, by some estimates, $10.5 trillion annually by 2025, the cyber insurance industry is evolving to manage these escalating risks. In response to growing demand for more robust insurance solutions, Coalition has launched Coalition Re. Coalition Re, a reinsurance intermediary, provides capacity for cyber reinsurance treaties and … Read more
Natural disasters are easy to comprehend because the damage is visible, tangible, and emotionally striking; you can see the devastation and read the stories of lives lost. Cyberattacks, by contrast, lack this visceral impact—they unfold silently in digital spaces, often leaving no physical trace. But while they may seem less dramatic, cyber threats are no … Read more
Here it is—Your Cyber Insurance Sunday—Upload. The latest cybersecurity insurance news. A few items from the week. Some from us, some from others: here’s more. At-Bay and Omdia and the value of InsurSec; Corvus with a reminder about ransomware; Skybox with a warning for utility companies; Halliburton faces a possible hack; And a look at … Read more
The latest Data Health Check report by Databarracks reveals a marked decline in cyber insurance claims. That indicates a significant shift in the cyber landscape. This finding comes despite the increased adoption of cyber insurance policies among UK businesses. This trend underscores a growing resilience in the face of cyber threats, as more organizations successfully … Read more
Much like the Dunning-Kruger effect, where individuals overestimate their abilities due to a lack of self-awareness, organizations worldwide fall prey to a similar bias in assessing their cyber resilience. A recent study commissioned by Cohesity, a firm in the AI data security and management, reveals that many companies believe they are well-prepared to handle cyber … Read more