Ransomware

Cyber Insurance Risks Surge in 2025: Ransomware, AI Fraud, and Regulatory Pressures

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The RPC Annual Insurance Review 2025 highlights the growing risks in cyber insurance as attacks intensify and insurers adapt to evolving threats. Key issues include rising ransomware incidents, the impact of AI-driven fraud, and increased regulatory scrutiny worldwide. The report assesses significant insurance trends across key international jurisdictions and multiple business lines, covering topics such … Read more

CFC Adds Property Damage Coverage to $30M Cyber Insurance Product

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CFC has added property damage coverage to its $30 million large line size cyber insurance product. The expansion addresses growing cyber risks affecting physical assets in industries like manufacturing and energy. New Coverage Addresses Cyber-Related Property Damage CFC’s updated cyber policy now includes physical property damage caused by cyber events. The addition fills a coverage … Read more

Few SMEs Have Cyber Insurance Despite Growing Cyber Threats, ABI Report Warns

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Small and medium enterprises (SMEs) vastly underestimate their risk of cyber-attacks, leaving them vulnerable due to low cyber insurance adoption, according to a new report from the Association of British Insurers (ABI). Despite making up 99% of UK businesses and generating over £2.6 trillion in turnover, SMEs remain under-protected from cyber threats. The ABI’s report, … Read more

Falcon Risk Services Introduces FalconFlight: Cyber and Professional Liability Insurance

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Falcon Risk Services, an MGA majority-owned by HDI Global Specialty, has introduced FalconFlight, a Cyber, Technology Errors & Omissions (E&O), and Miscellaneous Professional Liability (MPL) insurance product. FalconFlight Cyber Liability provides up to $10 million in A+ rated capacity and is available to companies with annual revenues between $10 million and $3 billion. The product … Read more

Capito, Hickenlooper Reintroduce Bipartisan Cyber Insurance Bill for Small Businesses

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Senators Shelley Moore Capito (R-W.Va.) and John Hickenlooper (D-Colo.) reintroduced the bipartisan Insure Cybersecurity Act to safeguard small businesses against rising cyber threats. According to Accenture’s Cybercrime study, nearly 43% of cyber-attacks target small businesses, yet only 14% feel adequately prepared despite spending between $826 and $653,587 per incident. As many know, 95% of breaches … Read more

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