The Source for Cyber Insurance News, Insights and Data
A new report from SecurityScorecard reveals some interesting details about third-party cyber risks in insurance. Among them, 59% of insurance industry breaches stem from third-party attack vectors. These findings underscore vulnerabilities in the supply chain that expose critical policyholder data to cyber threats. The study analyzed 150 top insurance firms, revealing an industry struggling with … Read more
The RPC Annual Insurance Review 2025 highlights the growing risks in cyber insurance as attacks intensify and insurers adapt to evolving threats. Key issues include rising ransomware incidents, the impact of AI-driven fraud, and increased regulatory scrutiny worldwide. The report assesses significant insurance trends across key international jurisdictions and multiple business lines, covering topics such … Read more
I read it and thought this isn’t new, “97% of Leading U.S. Banks Impacted by Third-Party Data Breaches in 2024.” I went to check on SecurityScorecard’s website. I was wrong; it is new, and I’d confused it with this press release from last month, “97% of Top U.S. Retailers Experienced a Third-Party Breach.” While my … Read more
A new report from data management firm NetApp reveals that one in five companies—20 percent—fail to regain data lost as a result of a cyberattack, a scenario as devastating as a flood in which one in every five damaged homes is never rebuilt, leaving their owners with no option but to start over from scratch. … Read more
When GEICO and Travelers were hacked, stealing personal information from over 120,000 New Yorkers. They exploited vulnerabilities in online auto insurance quoting tools to obtain driver’s license numbers and dates of birth. The stolen data was later used to file fraudulent unemployment claims during the peak of the COVID-19 pandemic. The Geico Travelers Hack Starting … Read more