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Cyber Insurance

Cyber Insurance Gets a Boost with Cyber Risk Benchmarking Model

January 5, 2018

AIG releases new cyber risk benchmarking model to quantify and score cyber maturity of clients, boosting cyber insurance and promoting metrics useful for the industry to evaluate the risks that organizations face in terms of cyber security. Read More

Cyber Security News

AIG Case Highlights Complexities of Covering Cyber-Related Losses

October 24, 2019

AIG is disputing a breach of contract lawsuit for not covering nearly $6 million in losses at SS&C Technologies. The insurer claims its cyber insurance policy do not cover brazen criminal attacks. Read More

Young man is holding umbrella during thunderstorm showing cyber insurance not covering emerging risks

Cyber Security News

Most Businesses Vulnerable to Emerging Risks Not Covered by Their Cyber Insurance

May 11, 2020

Most businesses are more vulnerable to emerging risks such as malware and ransomware attacks than traditional threats yet there are coverages gaps in their cyber insurance policy. Read More

Businessman stacking coins showing ransomware attacks are causing cyber insurance rates to go through the roof

Cyber Security News

Ransomware Attacks Are Causing Cyber Insurance Rates to Go Through the Roof; Premiums up as Much as 25 Percent

February 10, 2020

Ransomware attacks are causing a spike in cyber insurance rates as insurers need to cover ransom amount and recovery costs if hackers fail to make good on unlocking the compromised systems. Read More

Businessman standing with umbrella showing cyber insurance becoming a necessity for companies

Cyber Security Insights

Cyber Insurance Becoming a Necessity, No Longer a Luxury for Prepared Companies

June 4, 2020

With number of cyberattacks climbing, having a cyber insurance with the appropriate coverage can make a difference between a company surviving an incident and shutting down because of it. Read More

Woman with black umbrella in heavy rain showing the need for personal cyber insurance

Cyber Security General News

Personal Cyber Insurance Market Could Be $3 Billion Market Opportunity by 2025

February 10, 2019

Every week, there seems to be a major new data breach that impacts millions. So it’s no surprise that personal cyber insurance are being offered by insurance companies, and the global market could be worth as much as $3.1 billion by the year 2025. Read More

Businessman standing next to dangling carrot showing how cyber insurance providers incentivize clients to buy from specific vendors

Cyber Security News

Cyber Insurance Providers Now Incentivizing Clients to Buy From Specific Vendors

October 28, 2019

Cyber insurance providers will now incentivize clients to buy cybersecurity services and products under the new Marsh Cyber Catalyst program with first group of 17 services added this September. Read More

Two women under umbrella showing cyber insurance companies lagging behind to provide customer needs and protect against emerging threats

Cyber Security News

New Report Indicates Cyber Insurance Providers Are Too Slow to Respond to Emerging Threats, Customer Needs

May 31, 2019

Only 18% of businesses recently surveyed said they have comprehensive cyber insurance coverage, however the gap is not closing with only 27% of insurers having the technological capability to provide a plan to cover cyber risks. Read More

Image of umbrella in the rain representing cyber insurance for public sector agencies

Cyber Security Insights

Cyber Insurance Now Critical for Public Sector Agencies?

November 29, 2017

The private sector is increasingly turning to cyber insurance to at least mitigate some of the effects of hacking, however governments across the globe seem to have been slow to take advantage. Given the severity of the cyber threats, is it time for public sector agencies to leverage cyber insurance offerings? Read More

Business man standing on the sea in the middle of storm showing cyber insurance may not cover cyber war

Cyber Security News

Cyber Insurance Not Valid in Case of Cyber War, Says Major Insurance Company

January 17, 2019

In what is shaping up to be a major test case for the entire cyber insurance industry, Zurich Insurance is refusing to pay out a $100 million claim from Mondelez, saying that the ransomware attack was actually an act of “cyber war,” and therefore, is not covered by the policy. Read More

Cyber Insurance

Cyber Insurance Gets a Boost with Cyber Risk Benchmarking Model

AIG Case Highlights Complexities of Covering Cyber-Related Losses

Most Businesses Vulnerable to Emerging Risks Not Covered by Their Cyber Insurance

Ransomware Attacks Are Causing Cyber Insurance Rates to Go Through the Roof; Premiums up as Much as 25 Percent

Cyber Insurance Becoming a Necessity, No Longer a Luxury for Prepared Companies

Personal Cyber Insurance Market Could Be $3 Billion Market Opportunity by 2025

Cyber Insurance Providers Now Incentivizing Clients to Buy From Specific Vendors

New Report Indicates Cyber Insurance Providers Are Too Slow to Respond to Emerging Threats, Customer Needs

Cyber Insurance Now Critical for Public Sector Agencies?

Cyber Insurance Not Valid in Case of Cyber War, Says Major Insurance Company

Spies Gonna Spy: So What Does That Mean for Personal Data Post-Schrems II?

Fourth Privacy Breach in Two Years for Grab; Given Low Fines, Does the Company Have a Reason to Care?

Adapting Data Governance to WFH Reality