The Source for Cyber Insurance News, Insights and Data
Cruise down the highway with your phone connected to the car’s computer system, and a sense of comfort and convenience surrounds you. But what if that very connection opened a backdoor for hackers? Modern cars, filled with technology and connectivity, are increasingly vulnerable to cyberattacks, exposing drivers to stolen data and potentially even losing control … Read more
Here it is—Your Cyber Insurance Sunday—Upload—A few items from the week. Some we reported on, and others we found interesting: Coalition with AI and expansion news, Marsh with a new offering, UnitedHealthcare and a $10 Million bounty, And AT&T confirms customer data numbering in the 10s of millions leaked on the Dark Web. There’s more. … Read more
Marsh, a global leader in insurance brokerage and risk advisory, recently unveiled Edgware Re Ltd.. The Bermuda-based group captive insurance company is focused on cyber insurance. This launch comes at a time when the cyber insurance industry is experiencing rapid evolution, driven by the escalating frequency and sophistication of cyber threats. Edgware Re is tailored … Read more
“’It’s probably the worst that I’ve seen it in the 27 years that I’ve been doing this,’ said Scott Cornell, a cargo theft specialist at Travelers…As load boards (online platforms that match carriers with freight shipments) evolved to make brokering transactions online easier and faster, criminals—looking to steal large quantities of high-value goods—spotted opportunities, Cornell said.” The … Read more
The cyber insurance market is set to expand significantly, reaching a projected value of USD 68.35 billion by 2032, up from USD 8.2 billion in 2022. This forecast comes from Market Research Future (MRFR), which anticipates a compound annual growth rate (CAGR) of 26.57% between 2023 and 2032. An increase in cyber threats linked to … Read more