The Source for Cyber Insurance News, Insights and Data
Hanover Specialty’s new report reveals that small- and mid-sized businesses generally lack preparedness for the increasing threat of a cyberattack, even though they have high confidence in their organization’s cybersecurity posture. The report, titled “2023 Cyber Resiliency Report,” found that only 7% of small- to mid-sized businesses think it’s very likely that a cyberattack will … Read more
A recent study conducted by QBE Insurance Group has uncovered alarming statistics concerning the susceptibility of businesses to cyber-attacks. The research points to employee errors and inadequate security measures as prime culprits. Among the findings? Nearly a third of employees, comprising 31%, have committed errors with the potential to compromise the cybersecurity of their workplace. … Read more
Arch Insurance has strengthened its foothold in the European cyber insurance market with the recent appointments of Jose Carlos Jiménez Fernández and Rafael Ortiz Losada as Senior Cyber Underwriters. Jiménez Fernández and Ortiz Losada will be part of the Arch Insurance (EU) dac team, specializing in property and casualty insurance solutions within the European Union. … Read more
CFC, a leading specialist insurance provider in emerging risk and a market leader in cyber insurance, conducted a recent survey revealing that IT departments constitute the biggest obstacle to the sale of cyber insurance policies. Brokers from across the United States participated in the poll. It sheds light on the challenges they face when promoting … Read more
The U.S. Government Accountability Office (GAO) has released a new cybersecurity guide in response to the increasing risks facing federal IT systems. The GAO Cybersecurity Program Audit Guide offers comprehensive guidance for conducting cybersecurity performance audits. This guide is designed with two basic objectives. First, assist Congress, federal departments, state and local auditors, private sector … Read more