The Source for Cyber Insurance News, Insights and Data
On a bright screen at midnight, a new bank account waits for a name. Fraudsters arrive with “synthetic identities,” polished and ready for approval. The phrase sounds like a dystopian movie prop. It isn’t make-believe. Experian’s new U.S. Identity & Fraud Report casts that moment as a turning point, an operating reality for banks, retailers, … Read more
The 2025 holiday shopping season is here and is expected to face unprecedented cyber threats. A recent Retail & Hospitality Information Sharing and Analysis Center report predicts a 520% surge in AI-driven traffic during the holiday season with scammers using these tools to commit fraud and identity theft. These AI-powered attacks can mimic human behavior, … Read more
Affluent North Americans say cyber risk worries them most. Yet many still underinsure their digital lives and misjudge the scale of potential losses. The new Chubb 2025 Wealth Report, The Resilient Mindset: Turning Risk Awareness into Advantage, surveys 1,000 wealthy households across the United States and Canada and shows a sharp gap between concern and … Read more
Cybercrime is a personal financial threat, and a new workplace benefit signals a shift that addresses this reality and its impact beyond the home. Allstate introduced Scam Protection, which functions like personal cyber insurance inside employee benefits packages. The launch reflects the broad reach of digital crime. No one is immune, and distribution channels mirror … Read more
Americans lost more than $12.7 billion to identity theft last year, according to the Federal Trade Commission. Behind that staggering number are real people facing frozen bank accounts, negatively impacted credit, and months or even years of stress. The recovery process can be long, but taking immediate action can dramatically cut back on the time … Read more