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  • Cyber Insurance Sector Does Not Need Federal Reinsurance Backstop: ExpertsTell Conference Cyber Insurance Laws & Regulations
  • BOXX Lands $14.4m B Round, Led By Zurich  Cyber Insurance Carriers & Brokers
  • Research Unveils Persistent Threat of Ransomware Attacks on Organizations – Halcyon Report Cyber Insurance
  • Cyber Insurance Helps Hospital Recover from Hack & Identify Location of Stolen Data Cyber Insurance
  • Cyber Insurance Market Boom: Poised to Reach $68.35 Billion by 2032 Driven by Rising Cyber Threats – Report Cyber Insurance
  • Is Cyber Insurance Starting to Resemble Another Major Insurance Category?  Cyber Insurance Carriers & Brokers
  • Businesses Should Negotiate Cyber Insurance Premiums & Coverage: Kovrr Cyber Insurance
  • Use Microsoft 365 and Get Cyber Insurance Discount; Tech Companies Team with Cybersecurity Insurance Providers  Cyber Insurance Best Practices

Mosaic Lands New Cyber Head from Axis

Posted on August 22, 2023August 22, 2023 By Producer

David Drogin becomes senior vice president and head of US cyber. Recruiting capable cyber executives remains a priority for cybersecurity insurance companies as the sector continues its rapid growth. Mosaic said…

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Cyber Insurance Carriers & Brokers, Cyber Insurance People

Mosaic: We’re Going Global with Primary Cyber Insurance 

Posted on May 11, 2023 By Producer

“Mosaic has announced it will be underwriting primary cyber insurance globally, offering US$20 million in capacity across its network of underwriting hubs…Yosha DeLong, global head of cyber at Mosaic, says:…

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Cyber Insurance News

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RSA’s 2025 ID IQ Cybersecurity Report “Shocked”-Highlights High Costs of Identity Breaches and Shift Toward AI and Passwordless SecurityListen to the ArticleIn a landscape where digital security is paramount, RSA’s 2025 ID IQ Report underscores critical cybersecurity trends that organizations need to be aware of. Rohit Ghai, RSA’s CEO, frames the study as a reality check and a call to action. The report analyzes responses from over 2,000 cybersecurity, identity, access management, and tech professionals from 62 countries. Despite many participants identifying as experts in cybersecurity, they struggled with essential security principles, revealing a gap for organizations aiming to stay secure. Designed to assess knowledge of crucial security practices like Zero Trust architecture and password management, the report produced surprising results: nearly half of all participants answered at least half of the questions incorrectly.“We were surprised—if not a little shocked—at some of the answers we got back.”Rohit Ghai, RSA’s CEOThe responses highlight vulnerabilities that attackers can exploit and raise concerns about industries’ security preparedness. For instance, participants commonly misunderstood Zero Trust, a framework critical in today’s landscape where insider threats are rising. Misunderstanding such a foundational concept can result in ineffective defense strategies and increased attack exposure. Similarly, password management questions revealed widespread gaps, with many respondents failing to recognize the importance of unique, complex passwords and the risks of password reuse. This practice can compromise an entire organization if a single account is breached.In his executive summary, Ghai was somewhat blunt: “We were surprised—if not a little shocked—at some of the answers we got back.”Our further takeaways are as follows. You can read the whole report
RSA’s 2025 ID IQ Cybersecurity Report “Shocked”- Identity Breaches , AI and Passwordless Security
Microsoft’s latest Digital Defense Report highlights an alarming rise in the complexity and scale of cybersecurity threats, urging a collective defense strategy to counter both state-sponsored and criminal attacks. The Digital Defense Report 2024 provides an in-depth overview of the latest changes in the global cybersecurity landscape. The report outlines significant shifts in the nature of cybersecurity threats and cyberattack patterns across multiple countries, focusing on ransomware, fraud, and identity and social engineering attacks. In response to these developments, Microsoft emphasizes the need to adopt key cybersecurity practices, including strengthening defenses in an AI-driven era. Panji Wasmana, National Technology Officer at Microsoft Indonesia, highlighted the importance of collective responsibility in cybersecurity. He emphasized that addressing cybersecurity threats is not solely the responsibility of the IT team; instead, it involves every individual within an organization. Wasmana pointed out the benefits of implementing Zero Trust principles. That entails practices like always verifying user identities, limiting data and device access, and assuming a breach has occurred. He also recommended using passkeys—digital keys protected by biometric data or a PIN—as a more secure alternative to traditional passwords. Our summary of the report follows; you can read it all here, https://cyberinsurancenews.org/cybersecurity-threats-escalate-microsoft-warns-of-increasingly-sophisticated-attacks-in-2024/
Cybersecurity Threats Escalate: Microsoft Warns of Increasingly Sophisticated Attacks in 2024
Cyber insurance claims and risks are surging as premiums dip, putting the industry in a precarious position. Despite strides in cybersecurity protocols, insurers are struggling to keep up with an onslaught of complex and frequent cyber incidents. From large-scale data breaches to double extortion ransomware, the threats can seem countless. Industry experts warn that if these trends persist, the financial stability of the sector could be at risk. That’s the big takeaway from Gallagher Re’s 2024 Cyber Loss Trends Survey, which sheds light on these challenges and offers a glimpse into the turbulent landscape facing cyber insurers today. Gallagher Re conducted this survey between May and July 2024, gathering insights from 17 participants across the insurance and reinsurance sectors, each covering a variety of target markets and customer demographics. By analyzing historical claims data from the last three years and the professional judgment of industry insiders, the survey provides a nuanced view of cyber insurance’s current state and potential future. Gallagher Re plans to repeat this survey annually to track evolving trends and their impact on claims frequency and severity. We took a look at the executive summary, and our thoughts follow; you can read it for yourself at this link https://cyberinsurancenews.org/rising-cyber-claims-pressure-insurers-to-adapt-as-threats-evolve/.
Rising Cyber Claims Pressure Insurers to Adapt as Threats Evolve
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