The Source for Cyber Insurance News, Insights and Data
The world of cybersecurity—and the cyber insurance industry that supports it—often feels like a walled garden, accessible only to those fluent in a language of acronyms and technical jargon. Terms like DDoS, MFA, and EDR require yet another layer of decoding, leaving employees and everyday users to navigate complex security concepts with little guidance. This … Read more
The UK government has introduced proposals to increase ransomware incident reporting and reduce payments to cyber criminals. The measures are rooted in the principle that ransom payments fuel the crime by making it more lucrative. Much like negotiating with terrorists, paying ransoms risks emboldening criminals and increasing the likelihood of future attacks while failing to … Read more
Kaspersky’s 2024 cybersecurity report highlights how artificial intelligence (AI) cybersecurity risks reshape cyber defense. AI has heightened the scale and complexity of cyberattacks, leaving security professionals grappling with mounting threats. The global study underscores the dual role of AI as both a tool for hackers and a cornerstone of innovative defense strategies. Something we have … Read more
The Lloyd’s Market Association (LMA) has unveiled a critical framework for assessing systemic cyber risks, offering insurers and policymakers a robust tool to tackle the evolving digital threats confronting industries globally. As cyber threats become more sophisticated, this report highlights how interconnected systems and rapid technological advancements reshape risk landscapes and necessitate comprehensive risk management … Read more
Clyde & Co has provided key insights into six data breach investigations conducted by Hong Kong’s Office of the Privacy Commissioner for Personal Data (PCPD). The findings highlight critical shortcomings in cybersecurity and data protection practices, offering a roadmap for organizations to strengthen their defenses against increasingly sophisticated cyber threats. You won’t be surprised to … Read more