Cyber Risk

Cyber Risk Will Increase in 2025: Insurers Warn of Rising Threats

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According to Woodruff Sawyer & Co.’s annual survey released Monday, 58% of cyber insurers expect cyber risk will increase “slightly” in 2025. This marks an increase from 44% in 2024 but remains lower than 74% in 2023. Cyber insurance rates dropped for many businesses in 2024, with 66% of Woodruff Sawyer clients experiencing cost reductions. … Read more

CFC Adds Property Damage Coverage to $30M Cyber Insurance Product

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CFC has added property damage coverage to its $30 million large line size cyber insurance product. The expansion addresses growing cyber risks affecting physical assets in industries like manufacturing and energy. New Coverage Addresses Cyber-Related Property Damage CFC’s updated cyber policy now includes physical property damage caused by cyber events. The addition fills a coverage … Read more

Cowbell Names James Porter as Lead Underwriter for UK Cyber Insurance

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Cowbell, a cyber insurance provider for small and medium-sized enterprises (SMEs), has appointed James Porter as the Lead Underwriter for its UK middle market segment. Porter will be responsible for underwriting and managing cyber insurance policies for SMEs and mid-sized businesses. News of note: Given our coverage of this Association of British Insurers (ABI) report … Read more

CyberCube Partners with Mathison Insurance Partners to Enhance Cyber Risk

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CyberCube has entered a multi-year partnership with Mathison Insurance Partners to boost cyber risk analytics for Mathison’s retail clients. Mathison, a Mississippi-based wholesale brokerage, will integrate CyberCube’s Broking Manager platform into its operations. This platform offers advanced financial loss modeling to help Mathison provide better data-driven insights for cyber risk decisions. Winston Tisdale, Broker Growth … Read more

CISOs Beware: Derive Declares the “Dying Breed” Era of Cybersecurity Leadership

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Chief Information Security Officers (CISOs) might want to polish off their resumes. Cybersecurity firm Derive suggests the CISO role could become a “dying breed.” The Virginia-based company has launched a next-generation platform it claims can replace CISOs with data-driven insights. Derive’s Cyber Risk Quantification (CRQ) platform promises to redefine cybersecurity leadership. The system quantifies cyber … Read more

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