The Source for Cyber Insurance News, Insights and Data
Here it is—Your Cyber Insurance Sunday—Upload. The latest cybersecurity insurance news. A few items from the week: CrowdStrike – we gathered a collection of insurance-focused stories for you to consider; Cysurance and Sophos in Australia; America’s largest trial court falls victim to ransomware; CRC Group with something new. There’s more. Take a look. Share it. … Read more
The energy, oil/gas and utilities sector has the highest level of cyber insurance coverage, with 97% of surveyed organizations reporting policies (most of them standalone.) The lowest adoption of cyber security coverage is found in the “Central/federal government” and IT, tech and telecom sectors. To be sure, even with the lowest penetration, these two sectors … Read more
Sophos, a leader in cybersecurity services, has unveiled a new development for businesses in the United Kingdom. Building on their partnership launched in the United States earlier this year, Sophos is teaming up with Cowbell, a provider of cyber insurance tailored for small and medium-sized enterprises (SMEs). The partnership aims to introduce adaptive cyber insurance, … Read more
New survey results from Sophos, a provider of cybersecurity as a service, provide interesting data that delineates stand-alone cyber policies from cyber elements in broader policies. “The study also revealed that ransomware victims with standalone cyber insurance policies are almost four times more likely to pay the ransom to recover encrypted data than those without … Read more
“The increase in successful ransomware attacks is part of an increasingly challenging broader threat environment which has affected healthcare more than any other sector. Healthcare saw the highest increase in volume of cyber attacks (69%) as well as the complexity of cyber attacks (67%) compared to the cross-sector average of 57% and 59% respectively. In … Read more