Nationwide

AI Governance Gap: Mid-Market Firms Buy Cover – AI Rules Lag.

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Cyan-lit walkway extends beyond its glass guardrails, illustrating the AI governance gap, with Cyber Insurance News website branding.

Nearly three-quarters of mid-market business owners say they buy cyber insurance. Almost a quarter report having no AI policies, controls, or oversight. Nationwide’s latest survey puts two measures of preparedness side by side. Insurance ownership reaches 73% among mid-market respondents. The share reporting no AI governance measures reaches 24%, twice the small-business figure. Nationwide publishes … Read more

Cyber Insurance Coverage Gaps: 32% of Companies Vulnerable – Nationwide Survey

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Striking new findings suggest a significant percentage of companies lack cyber insurance despite ongoing and sophisticated threats posed by a range of cyberattack scenarios. The 2024 Cybersecurity Risk Managers Report reveals that 32% of companies surveyed do not have dedicated cyber insurance coverage, leaving them vulnerable to potentially devastating financial and operational impacts in the … Read more

Is Small Business Cyber Insurance More Vital Than Ever?

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Perhaps there was a time when being a small business meant flying under the radar, not worth a criminal’s trouble. But in today’s digital age, with criminals casting wide nets instead of fishing with precision hooks, size no longer provides safety. Technology has transformed the game, turning small businesses into likely victims of cybercriminals who … Read more

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