The Source for Cyber Insurance News, Insights and Data
Kroll announced the appointment of Katherine Keefe as Managing Director and Global Cyber Insurance Industry Lead. In this role, Keefe will lead Kroll’s global cyber insurance efforts, expanding services for insurance clients dealing with evolving cyber threats and regulatory challenges. Dave Burg, Global Head of Cyber & Data Resilience at Kroll, emphasized Keefe’s expertise and … Read more
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
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
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
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