This year’s study analyzes 9,000 cyber claims spanning the period from 2018 to 2022, with 800 claims from 2022 alone.
Tag: cyber insurance
Hacker Puts 23andMe User Data Up for Sale on the Internet
An anonymous hacker is claiming to be selling “millions” of genetic profiles cobbled together from hijacked 23andMe customer accounts.
Chubb and SentinelOne® Partner to Enhance Cyber Risk Management
Chubb, the world’s largest publicly traded property & casualty insurance company, is collaborating with SentinelOne, a leader in cybersecurity, to streamline cyber risk management practices for U.S. businesses.
Cybersecurity Spending Grows
Cybersecurity budgets have largely been protected from the worst consequences of economic uncertainty, but have hardly been untouched by wider trims to company spending.
Measured Analytics and Insurance Unveils AI-Driven Cyber Insurance Product for SMEs
Measured Analytics and Insurance, a leading U.S.-based cyber insurance MGA, today announced the launch of its latest groundbreaking insurance product, CyberGuard 2023.
MGM, Caesars Face Class-Action Lawsuits Over Cyberattacks
Lawsuits filed against some of the biggest names on the Las Vegas Strip allege the gaming companies failed to protect customer data during recent cyberattacks.
US Cyber Loss Ratios Returned to 2019 Levels in 2022: Aon
U.S. cyber market loss ratios returned to 2019 levels in 2022, dropping from 67% in 2021 to 45% across standalone and package policies, according to Aon’s recently released cyber market update.
Driver’s License, Social Security Numbers ‘Copied’, Caesars Tells SEC
The driver’s license and Social Security numbers “for a significant number of members” of the Caesars Rewards program were copied by an “unauthorized actor,” Caesars Entertainment said in a report to the Securities and Exchange Commission released Thursday.
Cyber Insurance Is Yet to Evolve to the Same Levels as Property Cat: Swiss Re
During Swiss Re’s press briefing at RVS Monte Carlo 2023, Gianfranco Lot, Swiss Re’s Chief Underwriting Officer, Property & Casualty Reinsurance, explained that cyber insurance is yet to evolve to the same levels as property cat.
Deciphering AI Risk Insurance: Beyond Cyber Coverage
As digital transformation accelerates, insurers face new challenges, notably the rise of AI risk insurance. This article from Program Business Marketplace examines AI Risk’s implications for the insurance sector, drawing parallels with familiar cybersecurity risks faced by carriers, agents, and brokers.