The Source for Cyber Insurance News, Insights and Data
Market Growth and Projections The cyber security consulting services market is expected to grow at a compound annual growth rate (CAGR) of 12.57% from 2025 to 2030. According to Knowledge Sourcing Intelligence, market value is projected to increase from $6.543 billion in 2025 to $11.829 billion by 2030. Talent Retention Challenges in Cybersecurity This cybersecurity … Read more
AXA XL has announced a new partnership with cybersecurity firm Darkweb IQ to strengthen cyber protection for its global cyber insurance clients. This collaboration provides AXA XL clients access to Darkweb IQ’s services at preferential rates. Strengthening Cybersecurity Measures Tim Smit, AXA XL’s Global Head of Cyber Risk Strategies and Partnership Programs, emphasized the importance … Read more
It is billed as “the most anticipated cybersecurity report of the year.” It is the CrowdStrike 2025 Global Threat Report. The report reveals an alarming rise in cyber threats, with adversaries refining their strategies at an unprecedented pace. It highlights major trends shaping the global cybersecurity landscape, from China’s intensified cyber activities to generative AI-driven … Read more
Third-Party Risk Accounted for Nearly a Quarter of Material Claims According to new data from cyber risk firm Resilience, third-party risk became a leading cause of cyber insurance claims in 2024. The report found that vendor-related incidents accounted for 31% of all claims and nearly 23% of incurred losses. In 2023, third-party risk had no … Read more
SecurityScorecard and KPMG in Canada have announced a strategic agreement to enhance cybersecurity for critical sectors. The partnership introduces SecurityScorecard MAX, a Supply Chain Detection & Response (SCDR) solution, as a managed service in Canada. Enhancing Supply Chain Security SecurityScorecard MAX focuses on identifying and mitigating cybersecurity risks across vendor networks. KPMG in Canada will … Read more