The Source for Cyber Insurance News, Insights and Data
Kroll’s new global report shows that private equity cyber risk has become a costly issue. The report measures this risk and points out that smaller funds often have weaker cybersecurity governance. These conclusions matter for cyber insurers and brokers, and they help explain why loss costs in private markets are still unclear. Executive Summary Signals … Read more
CyberCube appointed Chris Methven as Chief Executive Officer, effective immediately. He succeeds Pascal Millaire, who moved into a Senior Advisor role. The company framed the change as part of its next growth phase following a $180 million financing led by Spectrum Equity. CyberCube sells cyber risk modeling and analytics used by cyber insurers, reinsurers, and … Read more
Independent Financial Advisors (IFAs) work with sensitive information like bank data, pension details, and investment records every day. This makes them a target for fraud and ransomware attacks. AI will only accelerate the risk. If a breach happens, it can lead to client notifications, regulatory investigations, and expensive business disruptions. Cyber insurance helps IFAs cover … Read more
Data leaks. Third Party Risk. Unauthorized access. Insurance companies spend real money on cyber controls. Then they hand the keys to a cheap “offshore” vendor model that cannot stop someone from snapping a photo of a customer’s Social Security number. Data exposure. That is the warning from Norm Hudson, an insurance operations executive who founded … Read more
A new joint report from Aon and A&O Shearman highlights growing concerns about cyber insurance across EMEA. Regulators are now focusing on more than just privacy cases, expanding into sector rules, resilience requirements, and executive oversight. Enforcement is becoming quicker and more complex. The report notes that the sources of cyber fines have “expanded sharply,” … Read more