The Source for Cyber Insurance News, Insights and Data
A new report from SecurityScorecard reveals some interesting details about third-party cyber risks in insurance. Among them, 59% of insurance industry breaches stem from third-party attack vectors. These findings underscore vulnerabilities in the supply chain that expose critical policyholder data to cyber threats. The study analyzed 150 top insurance firms, revealing an industry struggling with … Read more
Converge Insurance has secured underwriting capacity from Obsidian Insurance Group. This enables it to offer cyber insurance for companies with up to $1 billion in revenue. A panel of reinsurers backs the partnership and aims to support wholesale brokers with comprehensive cyber coverage. Expanded Cyber Insurance Capacity Converge cyber insurance offerings include: Leadership Statements on … Read more
CYPFER has named Brian Burke as Vice President (VP) of Insurance & Law Strategy. Burke brings nearly a decade of experience in incident response and cyber insurance. Cybersecurity Incident Response Burke has built strong relationships within the cyber insurance and legal sectors. He has worked with insurers, brokers, and law firms to manage cybersecurity incidents … Read more
The U.S. Coast Guard (USCG) issued a final rule on January 17, 2025, to address cybersecurity threats in the Marine Transportation System (MTS). Effective July 16, 2025, the rule establishes new cybersecurity requirements for U.S.-flagged vessels, Outer Continental Shelf facilities, and onshore facilities regulated under the Maritime Transportation Security Act of 2002 (MTSA). (Summary of … Read more
Global insurance provider CFC has promoted two senior leaders to unify its cyber and proactive security teams worldwide. James Burns Named Global Head of Cyber Insurance CFC has promoted James Burns to Global Head of Cyber, a newly created role. Burns, who has been with CFC for 12 years, has led the company’s cyber strategy … Read more