The Source for Cyber Insurance News, Insights and Data
The 2025 Horizon Report by Fortified Health Security highlights the escalating challenges healthcare organizations face in the cybersecurity arena. With 183 million patient records compromised in 2024, up 9% from the previous year, the report underscores the urgent need for robust solutions. The report also examines emerging threats, the role of artificial intelligence (AI), and … Read more
As the cyber insurance market enters 2025, signs of stabilization mark the industry landscape. Following the softening conditions in 2024, the market offers buyers improved options, including higher coverage limits, competitive pricing, and enhanced risk management services. The insights in this article are drawn from the “2025 Cyber Insurance Market Conditions Outlook,” from Gallagher. Despite … Read more
A recent study by IT.ie, in partnership with SonicWall, reveals that 73% of Irish office workers feel blamed for cybersecurity incidents. The findings indicate that 29% of employees reported someone in their organization being fired for causing a breach in the past year. Furthermore, 38% of respondents said their employers “always” hold staff accountable for … Read more
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