The Source for Cyber Insurance News, Insights and Data
Cybersecurity Tops the List of SMB Concerns in 2024 When it comes to small businesses, the biggest threat might not be the competition, it may well be the clicks they didn’t see coming. According to the 2024 (Q1) MetLife and U.S. Chamber of Commerce Small Business Index, cybersecurity ranks as the top concern for small … Read more
When hackers hit a hospital, it’s not just data at stake. It’s lives. That’s the stark undercurrent running through the 2024 HIMSS Healthcare Cybersecurity Survey. Released this spring by the Healthcare Information and Management Systems Society (HIMSS), the annual snapshot offers a sobering diagnosis of things like patient data protection and healthcare IT security. As … Read more
Middle Market Cybersecurity Breaches Decline But Risks Persist Cyber risks are growing more complex, yet data breaches in the U.S. middle market have decreased. According to RSM US LLP’s 10th Annual Cybersecurity Special Report, 18% of middle market companies experienced a breach in the past year. That’s down from 28% the previous year. Still, experts … Read more
The vast majority of cybersecurity breaches stem from human error. Clicking phishing links or using weak passwords are common examples. But another kind of human mistake is putting companies at risk: executive misalignment on cybersecurity. New research from Ernst & Young LLP (EY US) reveals that C-suite leaders often misunderstand the scale and nature of … Read more
Lloyd’s has made a strategic investment in cyber technology firm BreachBits through its central innovation fund. This marks the third investment from Lloyd’s Lab alumni, following BreachBits’ participation in the accelerator’s 13th cohort. BreachBits, founded by former US cyber warfare professionals, developed two automated tools aimed at enhancing cyber insurance efficiency. Lloyd’s market participants helped … Read more