The Source for Cyber Insurance News, Insights and Data
Cybersecurity firm Blackpoint Cyber and cyber insurance marketplace UKON have announced a new partnership aimed at redefining cyber risk management for managed service providers (MSPs). Their Approach to Cyber Insurance The partnership brings together Blackpoint’s 24/7 Managed Detection and Response (MDR) services with UKON’s embedded insurance tools and risk analytics. The companies say this integrated … Read more
Marsh McLennan’s 2025 Insurance Report Highlights Digital Vulnerabilities In a rapidly digitizing world, businesses are increasingly exposed to evolving cyber threats. Marsh McLennan Agency’s “2025 Business Insurance Trends Report” offers a sobering outlook on this new digital era. Companies that are embracing AI, automation, and interconnected supply chains now face heightened cybersecurity risks from cyberattacks, … Read more
FifthWall Solutions has rebranded to UKON, shifting from a wholesale broker to a cyber insurance marketplace. The company’s mission is to simplify cyber insurance for businesses and offer better risk assessment tools and coverage options. Transition from FifthWall to UKON Founded in 2015 following a cyber breach, FifthWall initially served as a wholesale broker, focusing … Read more
Major UK retailers, including Marks & Spencer and Harrods, have suffered severe cyber attacks in recent weeks. The cliché gloom of “rainy old London town” has rarely felt more literal—or more symbolic—or maybe it’s more digital—than in the wake of recent cyberattacks on UK retailers. As shoppers braved the drizzle outside Harrods and M&S, attackers … Read more
Cyber Premiums Drop 6% in 2024 Amid Pricing Weakness According to Fitch Ratings, cyber insurance premiums in the U.S. dropped 6% in 2024, marking a second consecutive year of declines. This after surging 160% between 2020 and 2022. Despite the dip, the sector continues to generate substantial profits. Demand for cyber coverage remains high. However, … Read more