The Source for Cyber Insurance News, Insights and Data
XS Brokers (XSB), a prominent independent insurance brokerage group, has announced a new Cyber Liability division. The division will be led by Scott Burns, Senior Vice President, who joined XSB in 2018 as a Cyber Liability Specialist. Burns brings over 12 years of experience in the insurance industry. During his tenure, he has played a … Read more
Cyber incidents, including ransomware, data breaches, and IT disruptions, dominate the Allianz Risk Barometer 2025 as the top global business risk, capturing 38% of responses. This marks the fourth consecutive year of cyber-related issues leading the ranking. The growing reliance on technology and the rapid evolution of artificial intelligence (AI) are intensifying concerns worldwide. “For … Read more
A recent government-commissioned survey reveals significant public concerns about UK cybercrime and fraud (England, Scotland, and Wales). Conducted by Ipsos UK for the Home Office, the research offers insights into public perceptions, victimization experiences, and cyber security behaviors. It found that over half of participants perceive moderate personal risks, with 42% feeling vulnerable to retail … Read more
Cyber threats continue to escalate, with 69% of U.S. businesses reporting a rise in cyber attacks over the past year, according to the 2024 Hiscox Cyber Readiness Report. It is probably safe to say this is not the year-to-year growth most companies seek. Surveying over 2,100 global cybersecurity professionals, including 400 U.S. participants, the study … Read more
CyberCube has unveiled its 2025 Predictions Report, highlighting key trends shaping the cyber (re)insurance market. With insights from industry leaders, the report emphasizes emerging challenges and opportunities in cyber risk management. From the report, “While market conditions remain competitive, the continued maturation of the sector offers significant potential for growth and innovation.” Some of your … Read more