cyber liability insurance

HITRUST and Trium Cyber Launch New Cyber Insurance Product

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HITRUST, an enterprise risk management and information security company, has partnered with specialty insurance underwriter Trium Cyber to introduce a new cyber insurance product. This product, exclusively available to HITRUST-certified customers, aims to align information risk assurances with insurance underwriting standards. The new insurance offering, initially available to HITRUST r2 certified entities, addresses the growing … Read more

WTW Enhances Global Cyber Facility to Meet Increasing Demand

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Willis Towers Watson (WTW) has announced updates to its CyXS global cyber facility to better serve clients as they face escalating cyber threats. As of April 1, 2024, the facility’s maximum capacity has been increased by 50%, from 50 million to 75 million USD/EUR/GBP. Additionally, the number of Lloyd’s insurers participating in the facility has … Read more

Netwrix Reports Sharp Increase in Cyberattacks and Consequent Business Losses

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In its latest report, Netwrix unveils the stark and growing menace of cyberattacks that have surged over the past year. The 2024 Hybrid Security Trends Report, distilled from a survey of 1,309 IT and security experts worldwide, exposes that a staggering 79% of organizations have been prey to cyberattacks in the last 12 months—marking an … Read more

Berkley Cyber Risk Solutions Launches Crisis Counseling Coverage for Data Breach Victims

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Data breaches, often triggered by human error, not only compromise security but also bring significant emotional distress and financial impacts to the employees involved. The stress and guilt stemming from these incidents can affect productivity and well-being, leading to a tangible cost for businesses. In response, Berkley Cyber Risk Solutions, a division of the Berkley … Read more

Resilience Updates Cyber Risk Solutions with New Loss Prevention Features

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Resilience has updated its cyber risk solutions, introducing new features that enhance its cyber insurance and risk management services. Following the release of Technology Errors and Omissions (E&O) coverage earlier this year, the company has added two new tools to its offerings: the Breach & Attack Simulation (BAS) and the Cyber Risk Profile Builder. The … Read more

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