cyber liability insurance

CrowdStrike Launches “Falcon for Insurability” to Enhance Cyber Insurance Eligibility

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In a collaborative effort to strengthen digital defenses and improve cyber insurance accessibility, CrowdStrike has unveiled its new Falcon for Insurability program. This initiative is designed to help organizations qualify for cyber insurance with top-tier protection at preferred rates. The program allows insurers like Ascot Group, AXA XL, Beazley Insurance, Berkley Cyber Risk Solutions, Coalition, … Read more

UK Cyber Insurance Market Sees Rate Decreases Amid Persistent Threats in Q1 2024 – Marsh

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In the first quarter of 2024, the UK cyber insurance market has become increasingly buyer-friendly, characterized by abundant capacity and intense competition among insurers, according to Marsh’s report “Q1 2024 UK Cyber Insurance Report: Trends, Tips, and Strategies for Navigating the Digital Risk Landscape.” This competitive environment has driven significant rate decreases. “In the first … Read more

Cyber Insurers Tighten Security Requirements for 2024 Policies

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Amid a steady rise in costly cybercrime attacks targeting businesses, organizations seeking or renewing cyber insurance policies in 2024 are facing stricter security requirements from insurers looking to reduce risk exposure. According to Netwrix’s 2024 Hybrid Security Trends Report, 30% of insured organizations implemented additional security measures to qualify for a cyber policy this year, … Read more

Kelly McGuinness Joins CFC Canada as Cyber, Tech, and Professional Liability Development Leader

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CFC has announced the appointment of Kelly McGuinness as the new Cyber, Tech, and Professional Liability Development Leader, according to a company announcement. This marks the first major appointment by Kate Della Mora, the newly appointed CEO of CFC Canada. Based in CFC’s new office in Toronto, McGuinness will work closely with Della Mora and … Read more

BforeAI Introduces PreCrime Guarantee Program, Bringing a Futuristic Wish to Cybersecurity

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For centuries, people have dreamed of seeing the future to prevent disasters. In the realm of cybersecurity, BforeAI brings this dream closer to reality with the launch of its PreCrime Guarantee. This new program pledges to reimburse customers up to ten times their service contract value if they experience a cyberattack due to a failure … Read more

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