The Source for Cyber Insurance News, Insights and Data
The cyber threat landscape facing Canadian businesses is becoming increasingly complex and severe, with methods like identity theft, scams, fraud, and ransomware affecting a larger proportion of organizations. According to the 2023 Canadian Survey of Cyber Security and Cybercrime (CSCSC), about 1 in 6 (16%) Canadian businesses experienced cybersecurity incidents. This week, The Canadian Centre … Read more
WTW has appointed Ashley Hart as the Cyber Leader for its Private Equity and Transactional Solutions (PE&TS) team within Corporate Risk and Broking, North America. Hart will deliver cyber risk transfer solutions to private equity clients and their portfolio companies across North America in this role. Hart previously served as the West Zone Region cyber … Read more
Tidal Cyber, a Washington, D.C.-based company specializing in Threat-Informed Defense, announced that it has received investments from USAA and Capital One Ventures. USAA provides insurance, banking, investment, and retirement solutions for U.S. military members, veterans, and their families. Capital One Ventures invests in data, technology, and financial services startups. The investments aim to support enhancements … Read more
A recent survey by the UK Home Office reveals that half of UK businesses have experienced cyber security breaches or attacks in the past year, underscoring the escalating digital risks they face. Phishing remains the most prevalent threat, affecting 84% of businesses, while medium and large companies report even higher rates of cyber incidents. As … Read more
AXA XL launched a new cyber insurance endorsement specifically designed to meet the cybersecurity needs of U.S. construction firms. This innovative endorsement offers enhanced coverage that aligns with the industry’s increasing use of digital tools like 3D models, AI, IoT devices, and supply chain management software—technologies that expose construction companies to unique cyber vulnerabilities. Michelle … Read more