As cyber threats continue to evolve and escalate, a new report reveals a troubling disconnect between the growing risks individuals face online and the low adoption of personal cyber insurance
Tag: Cyber
Cyber Incidents Rank as Top Global Business Risk in 2025: Allianz Survey
Cyber incidents, including cybercrime, IT disruptions, malware, ransomware, and data breaches, have been identified as the leading global business risk for 2025, according to the latest Allianz Risk Barometer.
Cyber Insurance: Risk, Resilience, and Relevance
Howden’s fourth annual report on the cyber insurance market provides invaluable insights into the ever-evolving cyber threat landscape, revealing both emerging risks and promising opportunities for businesses worldwide.
New Cybersecurity Initiative Offers Free Support to Vulnerable Organizations
The threat landscape for cybersecurity continues to intensify, with organizations across sectors facing escalating risks. In Q3 of 2024, cyberattacks surged by 75% compared to the same period in 2023, according to Check Point Research.
Sinclair Files Lawsuit Against Cyber Insurers Over Unpaid Ransomware Claims
In a high-profile legal battle that underscores the complexities of modern cyber insurance, media giant Sinclair Broadcast Group has filed suit against two of its cyber insurers, Continental Casualty (CNA) and Starr Indemnity & Liability, over unpaid claims stemming from a ransomware attack in 2021.
Zurich and Marsh McLennan Sound Alarm on Cybersecurity Gaps
In a joint whitepaper, Closing the Cyber Risk Protection Gap, Zurich Insurance Group and Marsh McLennan highlight the growing divide between increasing cyber threats and the current ability of both businesses and insurers to mitigate them.
CIAB: Premium Increases Flat to Down Q1 2024
Premium increase moderation continued this quarter, with premiums across all account sizes increasing by 7.7%, slightly up from the previous quarter’s 7.0%. It was the 26th consecutive quarter of increases.
Insurance Pricing Continues to Moderate as Rates Decline in Most Regions: Marsh
Global commercial insurance rates increased by 1% in the first quarter of 2024 (down from a 2% increase in Q4 2023), according to the Global Insurance Market Index released today by Marsh,
SEC Sues SolarWinds Over 2020 Hack Attributed to Russians
The Securities and Exchange Commission on Monday sued SolarWinds, the software company victimized by Russian-linked hackers over three years ago, alleging the firm defrauded shareholders by repeatedly misleading them about its cyber vulnerabilities and the ability of attackers to penetrate its systems.
Amid Fluctuating and Emerging Business Risks, Cyber Threats Remain a Leading Concern
The Travelers Companies, Inc. today released its 2023 Travelers Risk Index results, and for the ninth straight year, cyber threats were one of the top three business concerns among the 1,200 survey participants from small-, medium- and large-sized companies.