The Source for Cyber Insurance News, Insights and Data
The fintech sector has increasingly become a prime target for cybercrime, with U.S. government reports underscoring the sector’s vulnerability due to its heavy reliance on technology and interconnected systems. The Government Accountability Office (GAO) highlights that cyberattacks on financial institutions, including fintechs, have escalated in sophistication, posing significant risks to the industry’s stability. In light … Read more
As cybercrime continues to surge, costing the global economy, by some estimates, $10.5 trillion annually by 2025, the cyber insurance industry is evolving to manage these escalating risks. In response to growing demand for more robust insurance solutions, Coalition has launched Coalition Re. Coalition Re, a reinsurance intermediary, provides capacity for cyber reinsurance treaties and … Read more
Here it is—Your Cyber Insurance Sunday—Upload. The latest cybersecurity insurance news. A few items from the week. Some from us, some from others: Guy Carpenter and At-Bay look at Cyber CAT modeling for SMBs; CyberCube asks us to consider the hurricane of a cyber attack; Marsh McLennan and Zurich on the need for public-private partnerships … Read more
With nearly half of small businesses lacking a cybersecurity budget in 2021, and over half having no cybersecurity measures in place by 2022, small businesses are increasingly becoming low-hanging fruit for cybercriminals, according to SentinelOne. As cyber insurance and security become essential new costs, rather than replacements for other expenses, Digital Beachhead is offering an … Read more
Following Labor Day, the cybersecurity and insurance sectors are abuzz with significant moves to bolster leadership and nurture emerging talent. Resilience, a leading cyber risk solutions provider, has appointed Rebecca Jones as Senior Vice President of Engineering and Jeremy Gittler as Global Head of Claims to drive its continued growth. Meanwhile, NetDiligence® has launched its … Read more