The Source for Cyber Insurance News, Insights and Data
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
In our podcast’s debut episode, we explored small business cybersecurity and insurance, highlighting the evolving nature of cybersecurity resilience. Criminals, cyber and otherwise, often see small businesses as easy targets due to challenges in maintaining strong defenses. Threats constantly adapt, and businesses must keep pace. We seek to pass on things we see that might … Read more
Last week, we detailed several aspects of child cyber safety. Among the issues, the troubling rise of child identity theft, particularly among affluent U.S. households exposed to cybercriminals who exploit their personal details. We reported on how social media habits, insufficient safeguards, and a lack of parental intervention created fertile ground for online predators. That … Read more
Arch Insurance has appointed Ezechiel Symenouh as Senior Cyber Underwriter to expand its European cyber insurance operations. Based in Paris, Symenouh will focus on developing the company’s cyber insurance portfolio across France, Benelux, and the Nordic regions. Symenouh brings extensive experience to the role. He joins Arch Insurance (EU) dac (AIEU) from Tokio Marine HCC, … Read more