The Source for Cyber Insurance News, Insights and Data
Ransomware crews can cripple a firm in minutes. They can freeze files, block payments, and stop customer service. Digital Minister Liz Lloyd delivered that warning to insurance brokers at BIBA’s manifesto launch. Lloyd set the tone early, saying, “Cyber security is not optional.” She added, “It is foundational to our national security, our economy, and … Read more
By: Dr. Zia Muhammad Businesses face a continual threat of cyberattacks, as recent cyberattacks on critical US infrastructure in the Pittsburgh area and healthcare systems nationwide have shown. These attacks can be sophisticated, persistent, and represent a significant threat to every company in any industry. For those in critical infrastructure, a breach doesn’t just affect their bottom line; it poses severe safety … Read more
Breach Triggers Expanded Protection “Call in cyber liability insurance for your health insurance.” After a cybersecurity incident, Aflac brought in CyEx as it responded to an attack the insurer said affected 22.65 million people. Aflac said it secured its network and launched an investigation. The company warned that the exposed data may include health information, … Read more
The Asia-Pacific region now accounts for 34% of global cybercrime incidents in 2024. With that figure in mind, Blackpanda and ST Engineering have announced a regional collaboration on cyber incident response. The agreement links cyber liability insurance with faster breach response for small and mid-sized enterprises across Asia. New Collaboration Targets SME Cyber Risk in … Read more
20/20 Vision for Cyber Risk – AOAExcel sees the cyber risk and the need for cyber liability insurance in optometry. Along with Lockton Affinity, they have launched coverage to protect optometric practices from the costs and reputational damage done by a cyberattack. A leading cyber insurer underwrites the coverage. The move targets rising cyber threats. … Read more