The Source for Cyber Insurance News, Insights and Data
In a move sure to impact the cyber insurance and cybersecurity industries The National Security Agency (NSA) is creating a new Artificial Intelligence (AI) Security Center. The center will aim to be a “whole-of-government effort in conjunction with the private sector.” The new center was announced by NSA Director Gen. Paul Nakasone at a National … Read more
The world of cyber insurance and cybersecurity are as intertwined as homeowners insurance and home security. The difference? One is established and familiar. But cyber is, relatively, nascent. In a seeming hat-tip to that reality, Marymount Manhattan College has avoided a $1 million fine and gained a $3.5 million investment in data security. Albeit their … Read more
The global Cyber Insurance Market is poised for substantial growth. New research expects it to reach a staggering USD 97.6 billion by 2032. Analysis from Acumen Research and Consulting indicates this surge is driven by the escalating frequency and severity of cyber-attacks worldwide. Cyber insurance, designed to cover financial losses resulting from cyber threats such … Read more
A bipartisan group of senators introduced the Small Business Cyber Resiliency Act to provide small businesses with improved access to top-of-the-line cybersecurity resources. The bill was introduced by Senators Jeanne Shaheen (D-NH), Jim Risch (R-ID), Mike Crapo (R-ID), and Catherine Cortez Masto (D-NV). “Properly combatting cyberattacks on energy infrastructure is critically important. By requiring Senate … Read more
Ransomware is a type of malware that encrypts files on a victim’s computer, making them inaccessible. The attackers then demand a ransom payment in exchange for the decryption key. The Department of Homeland Security (DHS) and the Department of Justice (DOJ) offer a resource, StopRansomware.gov, to help businesses mitigate their ransomware risk. The site provides … Read more