The Source for Cyber Insurance News, Insights and Data
Seventy percent of US business insurance buyers now carry cyber cover. That is the highest share Travelers has recorded since its Risk Index turned cyber-focused in 2018. The same buyers report 89 percent day-to-day AI use across their workforce. Fifty-nine percent have formal practices governing that use. They are buying the policy faster than they … Read more
Threat actors are using AI chatbots to negotiate ransoms. Travelers’ Director of Cyber Risk Services says they are not setting the price. They are removing the hours a victim needs to check backups and understand what happened. The pricing decision is still human. The clock is not. Matthew Butler, Director of Cyber Risk Services at … Read more
Two security leaders explain why binary questionnaire items produce honest answers and denied claims, and what insurers could ask instead. The latest CINI podcast opens with a question I thought had an obvious answer. It does not. Julien Richard, vice president of information security at Lastwall, spent part of the hour describing a company that … Read more
A manufacturer whose devices touch millions of patients a year gets hit by a cyberattack. Ordering, manufacturing, and shipping are disrupted. Some patient-specific procedures are rescheduled. Suddenly, a surgery schedule is no longer just tied to hospital capacity or clinical need; it is tied to the recovery timeline of a hacked supplier. This is the … Read more
Ask a law firm one question before you write the policy. Does it run a cybersecurity program, and what framework does it follow? That is the first thing Jason Griffin, VP of Cybersecurity Services at Integris, would want to know. “Do you have a cybersecurity program, and what is it aligned to?” Griffin said. The … Read more