Cybersecurity

Cyber Insurance Sunday – Upload

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Here it is—Your Cyber Insurance Sunday—Upload. The latest cybersecurity insurance news. A few items from the week. GCHQ takes on ransomware in the UK, At-Bay report examines ransomware, Coalition continues to expand, and remote work from… North Korea!? Some we reported on, and others we found interesting: There’s more. Take a look. Share it. Enjoy … Read more

Automotive Cyber Security Market Projected to Grow at a CAGR of 5.9% by 2034: Visiongain

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The automotive cybersecurity market is on track to expand at a compound annual growth rate (CAGR) of 5.9% by 2034, according to Visiongain’s latest report, Automotive Cyber Security Market Report 2024-2034. This growth trajectory underscores the increasing emphasis on robust cybersecurity measures within the automotive industry, driven by a combination of stringent regulations and the escalating … Read more

HITRUST and Trium Cyber Launch New Cyber Insurance Product

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HITRUST, an enterprise risk management and information security company, has partnered with specialty insurance underwriter Trium Cyber to introduce a new cyber insurance product. This product, exclusively available to HITRUST-certified customers, aims to align information risk assurances with insurance underwriting standards. The new insurance offering, initially available to HITRUST r2 certified entities, addresses the growing … Read more

Coalition Enters Excess Cyber Insurance Market in Australia

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Coalition, an Active Insurance provider, has expanded into the excess cyber insurance market in Australia. This move allows businesses to enhance their cyber risk management with up to AUD 20 million in additional coverage on top of their primary insurance. Australian brokers can now offer Coalition’s excess policies, which include drop-down cover for specific sub-limited … Read more

UK Cyber Insurance Industry Unites to Combat Ransom Payments

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Three major UK insurance associations have teamed up with GCHQ’s National Cyber Security Centre (NCSC) to reduce ransom payments from cyber crime victims. This collaboration aims to undermine the profitability of ransomware attacks and enhance market-wide ransomware discipline, ultimately reducing harm to organizations. The financial toll of ransomware on UK businesses has been substantial, with … Read more

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