The Source for Cyber Insurance News, Insights and Data
It’s not a new thought. But anything this profound needs ongoing coverage and consideration. Artificial intelligence (AI) is reshaping the world, and it is only just the beginning. The AI insurance risks to the industry are no exception. That is raising concerns about risk exposure and policy coverage. A new blog, Woodruff Sawyer, is the … Read more
DDoS Attacks Continue to Escalate DDoS attacks surged 56% in Q3-Q4 2024 compared to the same period in 2023, according to Gcore’s latest Radar report. The total number of attacks also increased by 17% compared to Q1-Q2 2024. Attackers are deploying more sophisticated methods, making detection and mitigation increasingly difficult. The most severe attack recorded … Read more
CFC has announced the departure of Chief Underwriting Officer (CUO) Dan Trueman as part of a leadership restructuring. CFC Restructures Underwriting Leadership as Trueman Exits The specialist insurance provider conducted a strategic review and decided to reshape the CUO role to align with its global growth plans. As a result, Trueman is leaving the company. … Read more
Cyber Insurance at the Forefront of Risk Management Cyber insurance remains one of the fastest-growing sectors in the insurance industry. As cyber threats escalate globally, businesses are expanding coverage to safeguard against emerging risks. The Policyholder Review 2024/25, from UK law firm Stewarts, is their first annual review of the insurance disputes landscape. The report … Read more
Why a Cyber Risk Pool is Essential A newly released report from Lockton Re, “Cyber Risk Pools and Public-Private Partnerships: Time to Dive In?” highlights the urgent need for a cyber risk pool to mitigate the financial impact of large-scale cyberattacks. The report warns that existing insurance solutions are insufficient to handle systemic cyber threats, … Read more