Cybersecurity

Capito, Hickenlooper Reintroduce Bipartisan Cyber Insurance Bill for Small Businesses

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Senators Shelley Moore Capito (R-W.Va.) and John Hickenlooper (D-Colo.) reintroduced the bipartisan Insure Cybersecurity Act to safeguard small businesses against rising cyber threats. According to Accenture’s Cybercrime study, nearly 43% of cyber-attacks target small businesses, yet only 14% feel adequately prepared despite spending between $826 and $653,587 per incident. As many know, 95% of breaches … Read more

UK’s Bold Ransomware Crackdown: Incident Reporting Boosted, Criminal Payments Curbed

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The UK government has introduced proposals to increase ransomware incident reporting and reduce payments to cyber criminals. The measures are rooted in the principle that ransom payments fuel the crime by making it more lucrative. Much like negotiating with terrorists, paying ransoms risks emboldening criminals and increasing the likelihood of future attacks while failing to … Read more

CyberCube Partners with Acclaim Insurance Brokers to Enhance Cyber Risk Assessment in Singapore

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CyberCube and Acclaim Insurance Brokers partner to enhance cyber risk assessment services. Acclaim, a leading independent insurance broker serving over 2,000 companies, will integrate CyberCube’s Broking Manager platform into its operations. This partnership underscores Acclaim’s commitment to delivering advanced cyber insurance solutions. CyberCube Acclaim Insurance Partner Cyber Risk The Broking Manager platform provides brokers with … Read more

58% of Federal Contractor Cyber Breaches Linked to Third Parties: National Security at Risk

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Alarming Statistics: The Call is Coming from Inside the House SecurityScorecard’s latest report reveals a staggering 58% of cyber breaches impacting top U.S. federal contractors originate from third-party vulnerabilities. This rate of federal contractor cyber breaches is double the global average and reflects serious weaknesses in managing external risks. The issue evokes the classic horror … Read more

Cyber Insurance Vital in Battling Escalating Cyber Threats, Says KnowBe4 Report

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The growing sophistication and frequency of cyberattacks should push organizations to rethink their cybersecurity strategies. According to a new KnowBe4 report, “Cyber Insurance and Security: Meeting the Rising Threat,” the intersection of cybersecurity and insurance is becoming a critical focus for businesses. The report highlights the rising costs of cyber incidents, the evolving threat landscape, … Read more

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