The Source for Cyber Insurance News, Insights and Data
Vendors Remain the Systemic Nightmare Scenario Cyber insurance still faces its biggest unknown: a major third-party outage hitting thousands of customers at once. On the latest Cyber Insurance News & Information podcast, host and executive editor Martin Hinton talks with Peter Foster, Chairman of Willis’ Global FINEX Cyber Solutions, about that risk. Foster describes a … 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
“(M)ore than half (54%) of respondents found the current state of the cyber insurance market to be unsustainable,” reports the useful survey from KYND Limited, a provider of cyber risk management services. The top concern: Systemic risk. The finding tracks with our reporting on industry concerns about systemic risk, from cyber war exclusions to efforts … Read more