The Source for Cyber Insurance News, Insights and Data
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
The Lloyd’s Market Association (LMA) has unveiled a critical framework for assessing systemic cyber risks, offering insurers and policymakers a robust tool to tackle the evolving digital threats confronting industries globally. As cyber threats become more sophisticated, this report highlights how interconnected systems and rapid technological advancements reshape risk landscapes and necessitate comprehensive risk management … Read more
The town of Webster, NY has announced it lost more than $520,000 in a phishing attack in November, but says local police have recovered $300,000 of the stolen money and its cyber insurer is expected to cover another $240,000 under the town’s cyber insurance for government. The incident has been described as a phishing attack, … Read more
The business risk landscape is evolving rapidly, with cybersecurity threats and technological disruptions taking center stage. A recent report by Chubb highlights the growing importance of addressing risks like malicious AI manipulation, cyber breaches, and data leaks to ensure sustainable business growth. The findings, drawn from a survey of 517 risk decision-makers across the U.S. … Read more