Cybersecurity

Pen Underwriting Launches Revamped Corporate Cyber Insurance Offering

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Pen Underwriting has relaunched its cyber insurance proposition for large corporate clients, marking a significant expansion in its coverage and risk appetite. Announced on October 17, 2024, the revamped offering includes £10 million in primary cover and a £15 million limit for excess of loss (XOL), backed by a consortium of A-rated capacity providers with … Read more

Cyber Insurance Market Grows, But C-Suite and Board Engagement Remains Low

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Despite the growing adoption of cyber insurance across large enterprises, a striking gap remains in executive and boardroom engagement with these crucial policies. According to the 2024 Cyber Insurance Report by QBE North America and Zywave, only 38% of companies frequently discuss cyber insurance at the C-suite level, and fewer than 20% of boards are … Read more

Ransomware, AI, and Nation-States: Inside Microsoft’s 2024 Cybersecurity Report

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The Microsoft Digital Defense Report 2024 paints a vivid and alarming picture of the rapidly evolving cyber threat landscape, where cybercriminals and nation-state actors leverage more sophisticated tools and tactics. The report highlights the devastating impact of cyberattacks, from ransomware crippling 389 healthcare institutions in the US, leading to delayed medical procedures and risking lives, … Read more

Cybersecurity Skills Shortage Poses Significant Risks for Small and Mid-Sized Businesses (SMBs)

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Small and mid-sized businesses (SMBs) are grappling with a critical shortage of cybersecurity skills, leaving them vulnerable to increasingly sophisticated cyberattacks, according to a recent report from Sophos. The report, published in October 2024, highlights the disproportionate impact of the global cybersecurity talent shortage on organizations with fewer than 500 employees. These businesses, it warns, … Read more

Supply Wisdom and SecurityScorecard Join Forces to Enhance Cyber Risk Management

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Supply Wisdom has announced a partnership with SecurityScorecard to enhance third-party risk management. This collaboration integrates Supply Wisdom’s full-stack, real-time risk intelligence platform with SecurityScorecard’s third-party cyber risk management and supply chain detection and response solutions. By offering real-time insights across multiple risk domains, the partnership aims to provide businesses with a comprehensive view of … Read more

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