The Leading Source for Cybersecurity Insurance News, Insights and Data
K2 Insurance Services has launched a new managing general agent (MGA), K2 Cyber, to provide cyber insurance tailored to small and midsize businesses (SMBs). The small business cyber coverage initiative…
Cyber insurance rates dropped 5% in the US and 7% globally in Q4 2024, according to Marsh’s Global Insurance Market Index. The market benefited from abundant capacity, with new capital…
Read More “Cyber Insurance Rates Fall 5% in the US as Other Markets Show Mixed Trends in Q4 2024” »
Using “admin” as a username for a virtual private network (VPN) is akin to parking your car and leaving the keys in the ignition. You are making it easy; why…
Read More “Leaving the Keys in the Ignition: VPN Weaknesses Open the Door to Ransomware” »
Chief Information Security Officers (CISOs) face growing personal liability risks amid increasing cybersecurity threats and stricter regulations. Recent Securities and Exchange Commission (SEC) actions have targeted CISOs individually. For the…
Read More “CISO Liability Concerns Grow with Enhanced Disclosure Rules” »
NordVPN, a leading VPN provider, has launched NordProtect, an identity theft protection service that functions like a personal cyber insurance policy. Currently available to NordVPN Prime users in the US,…
The Howden 2024 Cyber Report reveals a dynamic and evolving cyber threat landscape. According to NCC Group data, the frequency of ransomware attacks surged by 85% over the past year….
Read More “Howden’s 2024 Cyber Report: Navigating a Complex Threat Landscape” »
MGM Resorts International’s stock saw a 4.86% increase, closing at $36.48 on Friday. The move was buoyed by news that the company possesses ample cyber insurance to mitigate losses from…
Read More “MGM Shares Up Almost 5% On News Cyber Insurance Will Cover Hacker Attack” »
Amid the Wall Street Journal exclusive report on the MGM hack, an intriguing detail emerges. MGM has affirmed that it is poised to mitigate the financial impact of the cyberattack…
Read More “MGM Resorts Hack Covered By Cyber Insurance – WSJ” »
Ransomware is a type of malware that encrypts files on a victim’s computer, making them inaccessible. The attackers then demand a ransom payment in exchange for the decryption key. The…
“(I)ncreases in deductibles, retention, sublimits, and co-insurance on ransomware payments, are making cyber coverage look more like health insurance.” Useful report from @natlawreview with collection of key cyber insurance metrics…
Read More “Is Cyber Insurance Starting to Resemble Another Major Insurance Category? ” »