The Source for Cyber Insurance News, Insights and Data
In response to the escalating threat of cyber attacks, the Third-Party Cyber Liability Insurance market is experiencing substantial growth worldwide. Organizations, recognizing the critical need for protection, are driving the surge in demand for this insurance. This insurance is a vital risk management tool, covering legal claims, regulatory fines, notification of and credit monitoring services … Read more
In the face of escalating cyber threats, biBERK Business Insurance urges every business owner to confront the risk of cyberattacks head-on. With cybercriminals employing sophisticated methods such as phishing, ransomware, MITM attacks, and brute force attacks, small businesses are not immune. You can find a link to their full guide, a very good primer, at … Read more
As usual, a few items from the week. Sunday’s newsletter is a wide, deep bucket of cyber insurance, cybersecurity, and more. Some we reported on, and others we found interesting. Enjoy the reads and enjoy the day!
After a brief respite in 2023, the cyber liability insurance market is bracing for turbulence in 2024. Woodruff Sawyer’s “Cyber Looking Ahead Guide” paints a sobering picture of rising cyber risks, potential policy gaps, and ransomware maintaining its reign of terror. Buckle up, businesses; it’s going to be a bumpy ride. War Clouds Gather: One … Read more
Dell Technologies’ latest Global Data Protection Index (GDPI) paints a concerning picture: cyberattacks are rising, multicloud data protection remains a puzzle, and the data deluge from generative AI is on the horizon. Concerning cyber liability insurance, the report notes: “Despite ransomware insurance policies being commonplace, they come heavily caveated, leaving organizations financially vulnerable.” Findings in … Read more