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Cyber Insurance News

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  • Howden’s 2024 Cyber Report: Navigating a Complex Threat Landscape Cyber Insurance Reports
  • CyberSmart Completes $15M B-Round; Provides Insurance/Security Platform for SMBs  Cyber Insurance Carriers & Brokers
  • AWS Moves Deeper Into Cyber Insurance-related Services, Adding Cowbell Cyber Insurance Best Practices
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  • AXA XL Names New Cyber Insurance Execs  Cyber Insurance People
  • Cyber Security Insurance Industry Moves (Carefully) Toward AI  Cyber Insurance Best Practices
  • Brutal New Numbers on Insurtech Investment Trends AI & Cyber Insurance
  • Got an Opinion on Government Financial Backing for the Cyber Insurance Industry? You’ve Still Got Time to Weigh In Cyber Insurance Best Practices

Japan’s Cyber Insurance Market: Rapidly Growing

Posted on September 18, 2023September 18, 2023 By Martin Hinton

According to the latest report by IMARC Group, Japan’s cyber insurance market is expected to grow at a compound annual growth rate (CAGR) of 23.10% during 2023-2028. This rapid growth…

Read More “Japan’s Cyber Insurance Market: Rapidly Growing” »

Cyber Insurance Market Size, Cyber Insurance Reports

Cyber Insurance News

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As if online predators and the adverse effects of social media on children’s development weren’t enough to keep parents awake at night, the digital age has added a new nightmare to the list: identity theft. Children’s personal information is increasingly exposed online. As you can imagine, criminals are exploiting their digital footprints to commit fraud, leaving families to deal with long-term financial and emotional fallout.
Beyond Social Media’s Risks: Identity Theft Targets Kids Online
Small business cybersecurity and insurance can leave many business owners scratching their heads, wondering what to do. In this episode of the Cyber Insurance News podcast, our Executive Editor, Martin Hinton, speaks with Jason Makevich, founder and CEO of Greenlight Cyber, about the critical intersection of small business, cybersecurity, and insurance. They discuss the significant vulnerability of small businesses to cyber threats, the misconceptions surrounding IT and cybersecurity, and the importance of understanding various cyber risks, particularly ransomware and phishing. The conversation emphasizes the need for a cultural shift within organizations to prioritize cybersecurity, the role of cyber insurance in enhancing business resilience, and the importance of choosing the right cybersecurity partners. They also touch on the need for national cybersecurity standards and the potential for tax incentives to encourage small businesses to invest in their cyber defenses. 00:00 Introduction to Cyber Insurance and Small Business Vulnerability 03:11 Understanding Cybersecurity as a Business Risk 06:02 The Mindset of Small Business Owners 09:07 Types of Cyber Threats Facing Small Businesses 12:02 The Low Barrier of Entry for Cyber Criminals 15:09 Cultural Shifts in Cybersecurity Awareness 17:46 Investing in Cyber Resiliency 21:12 The Role of Cyber Insurance 24:11 Due Diligence in Cybersecurity Partnerships 26:54 The Need for National Cybersecurity Standards 29:57 The Scale Cost and Toll of Cyber Crime 33:13 Last Thoughts
Discussing Small Business Cybersecurity With Jason Makevich, Ep 1 Cyber Insurance News Podcast
We've reported that human error is often at the root of cyberattacks and scams. From weak passwords to careless clicks, people are the weakest link in cyber defense. And if behavioral psychology can boost sales in legitimate businesses, why not in crime? Like stores use your desire for a bargain to take you from your cash, cybercriminals have learned how to exploit the same psychology to access your devices. We've all heard the saying, "Fool me once, shame on you. Fool me twice, shame on me." But what if the person fooling you is yourself—and it's happening repeatedly? @gendigitalinc Q3 Threat Report shows how cybercriminals use psychological manipulation to make people unknowingly compromise their own devices. These "Scam-Yourself Attacks" increased by an astounding 614% in just one quarter. The report lays bare a new era of cyber trickery that preys on human error. Our takeaways are as follows; you can get the whole report at the link on our website, https://cyberinsurancenews.org/scam-yourself-attacks-how-cybercriminals-turn-victims-into-their-own-hackers/.
Scam-Yourself Attacks: How Cyberattacks And Cybercriminals Scams Turn Victims Into Their Own Hackers
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    • Unclear Language in “Act of War” Exclusion Gives Merck $1.4 Billion Cyber Insurance Victory  Cyber Insurance Best Practices
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