The Leading Source for Cybersecurity Insurance News, Insights and Data
Investors continue to back insurtech companies focused on cyber. Forgepoint Capital did this round. “‘Surefire Cyber’s goal is to work with our clients and partners to swiftly manage a cyber…
“New research by Marsh and Microsoft identifies 8 key trends that leaders from all departments should align on and prioritize for 2022 and beyond.” Source: The State of Cyber Resilience
Note the language in the policy that appears to exclude losses from similar scams. It’s in the courts now. “Star Title’s employees purportedly failed to authenticate the perpetrator’s wire instructions….
Read More “Rhu-row — Cyber Insurance May Not Cover “Phishing” Fund Diversion Scams ” »
Market is up 74% YoY according to the report. “The top cyber insurance carriers in 2021 shifted to include Fairfax Financial Holdings and Tokio Marine U.S.” Source: Rapid Cyber Premium…
“’In general, providing coverage under TRIP for damage inside the US from a foreign event would be best considered as a type of loss that was envisioned to fall under…
“Munich Re has been involved in managing cyber risk from the first moment it became a consideration. The results of our Global Cyber Risk and Insurance Survey 2022 underline that…
Read More “Useful Survey on Global Cyber Risk and Insurance from Munich Re” »
“(Adam Lantrip of brokerage CAC Specialty) now budgets four to six months for its clients to clear all the hurdles needed to renew their plans. ‘It’s getting almost to a…
Read More “As Cyber Premiums Go Up, So Does Underwriting Time: Wall Street Journal ” »
“Drawing on SpyCloud’s database of over 200 billion recaptured assets, researchers identified over 687 million exposed credentials and PII tied to Fortune 1000 employees, a 26% increase from last year’s…
“QR phishing attacks are on the rise because they require so little effort to be successful. For one, the codes are physical displays, meaning a harmless one can easily be…
Read More “Watch Out For QR Codes as Hackers Increasingly Exploit Them ” »
One example: “The cyber security insurance application asked whether I had deployed an endpoint detection and response (EDR) tool.” Source: What your cyber insurance application form can tell you about ransomware…
Read More “What Does It Take To Get Your Cyber Insurance Renewed? Plenty. ” »