The Source for Cyber Insurance News, Insights and Data
Here it is—Your Cyber Insurance Sunday—Upload. The latest cybersecurity insurance news. A few items from the week. Some we reported on, and others we found interesting: Fitch with a look at cyber insurance premiums; Zurich names a “Head of”; Ariel Re and Hiscox Re bring us “CyberShock”; And the Justice Department puts a $10 million … Read more
Group-IB, a leader in cybersecurity technology, has signed a Memorandum of Understanding (MOU) with Oman-based National Security Services Group L.L.C (NSSG), enhancing cybersecurity capabilities across the Middle East. The announcement was made during the GITEX Global 2024 event in Dubai. This partnership will see NSSG deploying Group-IB’s suite of services, including Threat Intelligence, Fraud Protection, … Read more
Ariel Re and Hiscox Re & ILS announced the creation of the CyberShock consortium. Based in London, this new initiative is a partnership between Ariel Re, a global reinsurance company with offices in Bermuda, London, and Hong Kong, and Hiscox Re & ILS, known for its expertise in reinsurance and insurance-linked securities. The CyberShock consortium … Read more
Coalition, an Active Insurance provider, released its 2024 Cyber Claims Report, revealing that over half of all cyber insurance claims in 2023 were due to email-related fraud. The report, detailing emerging cyber trends and their impact on policyholders, found that 56% of claims stemmed from funds transfer fraud (FTF) and business email compromise (BEC), underscoring … Read more
Zurich North America has announced Kara Higginbotham’s appointment as the Head of Professional Liability and Cyber for U.S. National Accounts. Higginbotham will lead a team of underwriters tasked with serving the company’s largest corporate and middle-market clients in the United States. In her new role, Higginbotham will manage the development and implementation of the underwriting … Read more