The Source for Cyber Insurance News, Insights and Data
The global cyber insurance market is on a trajectory to hit a whopping USD 90.6 billion by 2033, with a robust Compound Annual Growth Rate (CAGR) of 22.3%. The research from Market.US states in 2023 alone, the market stood at USD 12.1 billion. This showcases the increasing importance of cyber insurance in an era of … Read more
In a strategic move to enhance its cyber risk offerings, Aspen Insurance Holdings has rolled out Aspen Cyber Risk Services (ACRS), a comprehensive suite developed in collaboration with Surefire Cyber. Launched globally on all policies, ACRS aims to empower Aspen insureds to proactively manage and respond to cybersecurity threats. The suite encompasses a range of … Read more
Cybersecurity firm BlueVoyant has joined forces with Beeks Group, the prominent cloud computing and analytics provider for global financial markets. BlueVoyant’s award-winning Managed Extended Detection and Response (MXDR) services will enhance Beeks Group’s operational resilience and security, allowing the latter to offer advanced cloud security solutions for the financial sector. To strengthen its 24×7 Security … Read more
In a strategic move, leading cyber insurance provider Cowbell has broadened its coverage to include mid-market businesses in the UK. They will now accommodate those with an annual turnover of up to £1 billion. The expansion positions Cowbell as a significant player, catering to 99% of all UK-based businesses. Cowbell initially introduced its AI-powered cyber … Read more
In 2023, the United States faced a relentless onslaught of financially driven ransomware attacks. These assaults impacted 2,207 hospitals, schools, governments, and private sector companies, as detailed by Emsisoft in their report “State of Ransomware.” The ransomware epidemic, as dire as ever, not only disrupted critical services. It also claimed lives, with an estimated 42 to … Read more