🏅 Top Cyber Liability Insurance Companies
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Why Do You Need a Cyber Insurance Cover For Your Business?
· Benefits of cyber insurance. -Financially, it can help protect you and your company from the effects of a cyber attack. -It can assist with the PR response to any incident, to minimise reputational damage. – Finally, having cyber insurance in place helps business continuity in moving forward. For more information on cyber insurance, reach out ...
5 days ago
Cyber Insurance News - The Leading Source for Cybersecurity Insurance ...
· SecurityScorecard Unveils Cybersecurity Findings for S&P 500 Companies Amid New SEC Regulations. April 12, 2024 Martin Hinton No Comments. A recent report from SecurityScorecard reveals that 21% of S&P 500 companies suffered data breaches in 2023, highlighting the growing challenges in cybersecurity amidst stricter regulatory environments.
2 days ago
Cyber Liability Insurance: Safeguarding Your Business Against Digital ...
· According to a 2023 study, the average cost of a data breach in the U.S. is around $9.48 USD. Generally, cyber liability insurance companies offer coverage limits below $5 million, but you can request more if you believe your coverage needs exceed the typical cyber insurance policy amount. Your insurance premium quotes will likely go up if your ...
3 days ago
In Depth: Managing cyber risk in an ever-changing security landscape ...
· Cyber risk assessment plays a vital role in ensuring business continuity planning in today’s digital age. Companies should be vigilant and proactive and make a conscious effort to reinforce their cyber resilience and mitigate the impact of cyber threats on their daily operations and protect their reputation.
3 days ago
5 trends in the cyber insurance evolution | TechTarget
· Fast-forward to 2024, and the global cyber insurance industry is worth somewhere around $12 to $15 billion in 2024 premiums and is growing between 20% to 30% per year. Until recently, standalone cyber insurance sales were limited to the biggest organizations in the world, primarily in the U.S. This is no longer true.
5
4 days ago
The Rise of Cyber Insurance | AgileBlue
· The demand for cyber insurance is on an upward trajectory, a trend underscored by the significant growth in the industry. According to FitchRatings, despite its growing pains, the cyber-insurance industry is only getting bigger, with the value of direct written premiums (DWPs) growing to $5.1 billion in 2023, an increase of 62% year-over-year.
5 days ago
Real insurance coverage for increasing AI deepfake risks
· Follow. April 11, 2024 - David Ledet and Evan Knott of Reed Smith LLP discuss cyber insurance coverage in light of one of the newest and most sophisticated cyber risks called deepfakes. Cyber risk ...
3 days ago
First-Party vs Third-Party Cyber Insurance
· Simply put, first-party cyber insurance directly protects your business. With first-party cyber coverage, your business is protected from damages caused by a cyberattack that occurs on your network or systems. As hard as we try, there is no way to 100% prevent a data breach, so you need to be prepared. Because first-party cyber coverage ...
5 days ago
Top Cyber Insurance Carriers
Cyber Insurance News - The Leading Source for Cybersecurity Insurance ...
· SecurityScorecard Unveils Cybersecurity Findings for S&P 500 Companies Amid New SEC Regulations. April 12, 2024 Martin Hinton No Comments. A recent report from SecurityScorecard reveals that 21% of S&P 500 companies suffered data breaches in 2023, highlighting the growing challenges in cybersecurity amidst stricter regulatory environments.
2 days ago
The Rise of Cyber Insurance | AgileBlue
· The demand for cyber insurance is on an upward trajectory, a trend underscored by the significant growth in the industry. According to FitchRatings, despite its growing pains, the cyber-insurance industry is only getting bigger, with the value of direct written premiums (DWPs) growing to $5.1 billion in 2023, an increase of 62% year-over-year.
5 days ago
5 trends in the cyber insurance evolution | TechTarget
· Fast-forward to 2024, and the global cyber insurance industry is worth somewhere around $12 to $15 billion in 2024 premiums and is growing between 20% to 30% per year. Until recently, standalone cyber insurance sales were limited to the biggest organizations in the world, primarily in the U.S. This is no longer true.
5
4 days ago
In Depth: New dimensions in cyber risk - Insurance Age
· Aviva research carried out in 2023 across UK companies found 20% admitted suffering a cyber attack or online fraud in the past year. The research found that businesses are 67% more likely to have experienced a cyber incident than a physical theft, and almost five times as likely to have experienced a cyber attack as a fire. 20 %.
5 days ago
In Depth: Managing cyber risk in an ever-changing security landscape ...
· In spite of the growing awareness of cyber risks, gaps in insurance cover may still occur. ... Providing employees with full training on cyber security best practices, ... Companies should be vigilant and proactive and make a conscious effort to reinforce their cyber resilience and mitigate the impact of cyber threats on their daily operations ...
3 days ago
First-Party vs Third-Party Cyber Insurance
· Cyber insurance coverage is one of the best ways to protect yourself, your business and your customers. With the right cyber insurance policy in place, you can recover faster and protect your business from significant losses. ... Data from Security Ventures show 60% of small companies go out of business within six months of a cyberattack. While ...
5 days ago
Cyber Liability Insurance: Safeguarding Your Business Against Digital ...
· According to a 2023 study, the average cost of a data breach in the U.S. is around $9.48 USD. Generally, cyber liability insurance companies offer coverage limits below $5 million, but you can request more if you believe your coverage needs exceed the typical cyber insurance policy amount. Your insurance premium quotes will likely go up if your ...
3 days ago
The Cyber Loop | Aon
· Download the whitepaper. Aon’s Cyber Loop model acknowledges that each organization will start its journey from a different place: assess, mitigate, transfer , or recover. Once within the Loop, businesses become informed participants in managing risk, engaged in continuous review, improvement, and investment in security – guided by data.
1 day ago
Best Cyber Insurance Carriers
Cyber Insurance News - The Leading Source for Cybersecurity Insurance ...
· SecurityScorecard Unveils Cybersecurity Findings for S&P 500 Companies Amid New SEC Regulations. April 12, 2024 Martin Hinton No Comments. A recent report from SecurityScorecard reveals that 21% of S&P 500 companies suffered data breaches in 2023, highlighting the growing challenges in cybersecurity amidst stricter regulatory environments.
2 days ago
5 trends in the cyber insurance evolution | TechTarget
· Fast-forward to 2024, and the global cyber insurance industry is worth somewhere around $12 to $15 billion in 2024 premiums and is growing between 20% to 30% per year. Until recently, standalone cyber insurance sales were limited to the biggest organizations in the world, primarily in the U.S. This is no longer true.
5
4 days ago
The Rise of Cyber Insurance | AgileBlue
· The demand for cyber insurance is on an upward trajectory, a trend underscored by the significant growth in the industry. According to FitchRatings, despite its growing pains, the cyber-insurance industry is only getting bigger, with the value of direct written premiums (DWPs) growing to $5.1 billion in 2023, an increase of 62% year-over-year.
5 days ago
First-Party vs Third-Party Cyber Insurance
· Cyber insurance coverage is one of the best ways to protect yourself, your business and your customers. With the right cyber insurance policy in place, you can recover faster and protect your business from significant losses. ... Data from Security Ventures show 60% of small companies go out of business within six months of a cyberattack. While ...
5 days ago
Why Do You Need a Cyber Insurance Cover For Your Business?
· Benefits of cyber insurance. -Financially, it can help protect you and your company from the effects of a cyber attack. -It can assist with the PR response to any incident, to minimise reputational damage. – Finally, having cyber insurance in place helps business continuity in moving forward. For more information on cyber insurance, reach out ...
5 days ago
In Depth: New dimensions in cyber risk - Insurance Age
· Aviva research carried out in 2023 across UK companies found 20% admitted suffering a cyber attack or online fraud in the past year. The research found that businesses are 67% more likely to have experienced a cyber incident than a physical theft, and almost five times as likely to have experienced a cyber attack as a fire. 20 %.
5 days ago
Ransomware Ravaging Health Care: Why Cybercriminals Target These Vital ...
· The brokers who are really focused on cyber insurance and have that as a particular area of expertise, are able to advise clients on which carriers are the best partners in the claims process. “There’s a carrier for every buyer. Different buyers enter the market with different needs when it comes to cyber insurance,” she concluded.
4 days ago
The Cyber Loop | Aon
· Download the whitepaper. Aon’s Cyber Loop model acknowledges that each organization will start its journey from a different place: assess, mitigate, transfer , or recover. Once within the Loop, businesses become informed participants in managing risk, engaged in continuous review, improvement, and investment in security – guided by data.
1 day ago
Top Cyber Insurance Companies
Cyber Insurance News - The Leading Source for Cybersecurity Insurance ...
· SecurityScorecard Unveils Cybersecurity Findings for S&P 500 Companies Amid New SEC Regulations. April 12, 2024 Martin Hinton No Comments. A recent report from SecurityScorecard reveals that 21% of S&P 500 companies suffered data breaches in 2023, highlighting the growing challenges in cybersecurity amidst stricter regulatory environments.
2 days ago
5 trends in the cyber insurance evolution | TechTarget
· But I believe cyber insurance proliferation is also a function of growing executive- and board-level understanding of cyber-risk and its role in corporate risk management and governance. Finally, regulations from the Securities and Exchange Commission, the EU ( Network and Information Security Directive ) and others are persuading corporate boards to supplement their security strategies by ...
5
4 days ago
The Rise of Cyber Insurance | AgileBlue
· The demand for cyber insurance is on an upward trajectory, a trend underscored by the significant growth in the industry. According to FitchRatings, despite its growing pains, the cyber-insurance industry is only getting bigger, with the value of direct written premiums (DWPs) growing to $5.1 billion in 2023, an increase of 62% year-over-year.
5 days ago
Newline Europe starts cyber business led by Johannes Beckers
· 10th April 2024 - Author: Kassandra Jimenez-Sanchez. Newline Europe, a subsidiary of Newline Insurance Company Limited, has announced the appointment of Johannes Beckers as Head of Cyber for the Europe-wide expansion of its cyber insurance business. In his new role, based in Cologne, Beckers has been tasked to drive growth and the development ...
4 days ago
In Depth: Managing cyber risk in an ever-changing security landscape ...
· To rectify these, organisations should work closely with their insurance brokers to adapt insurance policies and align them with specific risk profile and coverage needs. Support for Brokers. Insurance brokers play an important part in helping companies manage the difficulties of cyber risk management and insurance.
3 days ago
Why Do You Need a Cyber Insurance Cover For Your Business?
· Benefits of cyber insurance-Financially, it can help protect you and your company from the effects of a cyber attack.-It can assist with the PR response to any incident, to minimise reputational damage. – Finally, having cyber insurance in place helps business continuity in moving forward. For more information on cyber insurance, reach out to ...
5 days ago
First-Party vs Third-Party Cyber Insurance
· According to Astra Security, a study revealed that nearly 43% of cyber attacks are on small businesses, yet just 17% of small businesses have cyber insurance. Cyber insurance coverage is one of the best ways to protect yourself, your business and your customers. With the right cyber insurance policy in place, you can recover faster and protect ...
5 days ago
Cyber security breaches survey 2024 - GOV.UK
· In most cases, as Figure 3.5 shows, cyber security insurance is an addition to a wider insurance policy only 8% of businesses and 5% of charities have a specific cyber security insurance policy.
5 days ago
Top Cyber Insurance Providers
Cyber Insurance News - The Leading Source for Cybersecurity Insurance ...
· SecurityScorecard Unveils Cybersecurity Findings for S&P 500 Companies Amid New SEC Regulations. April 12, 2024 Martin Hinton No Comments. A recent report from SecurityScorecard reveals that 21% of S&P 500 companies suffered data breaches in 2023, highlighting the growing challenges in cybersecurity amidst stricter regulatory environments.
2 days ago
The Rise of Cyber Insurance | AgileBlue
· The demand for cyber insurance is on an upward trajectory, a trend underscored by the significant growth in the industry. According to FitchRatings, despite its growing pains, the cyber-insurance industry is only getting bigger, with the value of direct written premiums (DWPs) growing to $5.1 billion in 2023, an increase of 62% year-over-year.
5 days ago
5 trends in the cyber insurance evolution | TechTarget
· Fast-forward to 2024, and the global cyber insurance industry is worth somewhere around $12 to $15 billion in 2024 premiums and is growing between 20% to 30% per year. Until recently, standalone cyber insurance sales were limited to the biggest organizations in the world, primarily in the U.S. This is no longer true.
5
4 days ago
Cyber Liability Insurance: Safeguarding Your Business Against Digital ...
· According to a 2023 study, the average cost of a data breach in the U.S. is around $9.48 USD. Generally, cyber liability insurance companies offer coverage limits below $5 million, but you can request more if you believe your coverage needs exceed the typical cyber insurance policy amount. Your insurance premium quotes will likely go up if your ...
3 days ago
Why Do You Need a Cyber Insurance Cover For Your Business?
· Benefits of cyber insurance. -Financially, it can help protect you and your company from the effects of a cyber attack. -It can assist with the PR response to any incident, to minimise reputational damage. – Finally, having cyber insurance in place helps business continuity in moving forward. For more information on cyber insurance, reach out ...
5 days ago
In Depth: Managing cyber risk in an ever-changing security landscape ...
· Cyber security training: Providing employees with full training on cyber security best practices, such how to identify and respond to phishing emails, malware and other known and new threats. Vulnerability assessments : Conducting consistent assessments of IT systems and networks to identify vulnerabilities and prioritise remediation plans.
3 days ago
Cybersecurity insurance – why having incident response is crucial
· To fully eradicate the threat and restore normal business operations — and to stand the best chance of cyber insurance providers placing you into that elite risk bucket — businesses need a full-service IR provider. It’s not enough to delete the threat. Instead, finding the root cause, documenting what happened and restoring business ...
2 days ago
Guide To Cyber Insurance For Small Businesses - Fusion IT
· This comprehensive guide delves into the intricacies of the cyber insurance landscape, offering valuable insights into: The current dynamics of the cyber insurance market; The rate of cyber insurance uptake among small to medium-sized businesses (SMBs) The beneficial influence of stringent cyber controls on your cyber insurance outcomes
4 days ago
Best Cyber Insurance Companies
5 trends in the cyber insurance evolution | TechTarget
· Fast-forward to 2024, and the global cyber insurance industry is worth somewhere around $12 to $15 billion in 2024 premiums and is growing between 20% to 30% per year. Until recently, standalone cyber insurance sales were limited to the biggest organizations in the world, primarily in the U.S. This is no longer true.
5
4 days ago
The Rise of Cyber Insurance | AgileBlue
· The demand for cyber insurance is on an upward trajectory, a trend underscored by the significant growth in the industry. According to FitchRatings, despite its growing pains, the cyber-insurance industry is only getting bigger, with the value of direct written premiums (DWPs) growing to $5.1 billion in 2023, an increase of 62% year-over-year.
5 days ago
Cyber Liability Insurance: Safeguarding Your Business Against Digital ...
· According to a 2023 study, the average cost of a data breach in the U.S. is around $9.48 USD. Generally, cyber liability insurance companies offer coverage limits below $5 million, but you can request more if you believe your coverage needs exceed the typical cyber insurance policy amount. Your insurance premium quotes will likely go up if your ...
3 days ago
Why Do You Need a Cyber Insurance Cover For Your Business?
· Benefits of cyber insurance. -Financially, it can help protect you and your company from the effects of a cyber attack. -It can assist with the PR response to any incident, to minimise reputational damage. – Finally, having cyber insurance in place helps business continuity in moving forward. For more information on cyber insurance, reach out ...
5 days ago
Cyber Insurance News - The Leading Source for Cybersecurity Insurance ...
· SecurityScorecard Unveils Cybersecurity Findings for S&P 500 Companies Amid New SEC Regulations. April 12, 2024 Martin Hinton No Comments. A recent report from SecurityScorecard reveals that 21% of S&P 500 companies suffered data breaches in 2023, highlighting the growing challenges in cybersecurity amidst stricter regulatory environments.
2 days ago
First-Party vs Third-Party Cyber Insurance
· According to Astra Security, a study revealed that nearly 43% of cyber attacks are on small businesses, yet just 17% of small businesses have cyber insurance. Cyber insurance coverage is one of the best ways to protect yourself, your business and your customers. With the right cyber insurance policy in place, you can recover faster and protect ...
5 days ago
Coalition launches cyber insurance offering on Acturis platform
· Coalition said its offering brought together active cyber risk assessment, proactive protection, expert response and a range of cyber coverage options. ”Coalition’s innovative approach, advanced technology and comprehensive product will be of tremendous value to Acturis brokers,” Edward Wilding, commercial lines manager at Acturis, added.
4 days ago
Newline Europe starts cyber business led by Johannes Beckers
· 10th April 2024 - Author: Kassandra Jimenez-Sanchez. Newline Europe, a subsidiary of Newline Insurance Company Limited, has announced the appointment of Johannes Beckers as Head of Cyber for the Europe-wide expansion of its cyber insurance business. In his new role, based in Cologne, Beckers has been tasked to drive growth and the development ...
4 days ago
Best Cyber Insurance Providers
The Rise of Cyber Insurance | AgileBlue
· The demand for cyber insurance is on an upward trajectory, a trend underscored by the significant growth in the industry. According to FitchRatings, despite its growing pains, the cyber-insurance industry is only getting bigger, with the value of direct written premiums (DWPs) growing to $5.1 billion in 2023, an increase of 62% year-over-year.
5 days ago
5 trends in the cyber insurance evolution | TechTarget
· Growing alliance between cyber insurers and service providers. Cyber insurance vendors want customers to have strong cyber-risk management practices, accurate threat detection, rapid incident response and architectural resilience. ... While patching desktops has some universal aspects across systems, there are specific Linux best practices that ...
5
4 days ago
In Depth: New dimensions in cyber risk - Insurance Age
· Aviva research carried out in 2023 across UK companies found 20% admitted suffering a cyber attack or online fraud in the past year. The research found that businesses are 67% more likely to have experienced a cyber incident than a physical theft, and almost five times as likely to have experienced a cyber attack as a fire. 20 %.
5 days ago
Why Do You Need a Cyber Insurance Cover For Your Business?
· By Richard Brooks, Senior Account Executive, Albanwise Insurance Services. Cyber threats are on the rise at an escalating pace in the UK, affecting both large corporates and SMEs alike. Latest numbers reveal some staggering insights: 1 in 5 UK businesses have experienced a cyber attack or incident with nearly 1 in 10 small businesses, and 35% of large corporates, having experienced a cyber ...
5 days ago
In Depth: Managing cyber risk in an ever-changing security landscape ...
· Cyber security training: Providing employees with full training on cyber security best practices, such how to identify and respond to phishing emails, malware and other known and new threats. Vulnerability assessments : Conducting consistent assessments of IT systems and networks to identify vulnerabilities and prioritise remediation plans.
3 days ago
Cybersecurity insurance – why having incident response is crucial
· To fully eradicate the threat and restore normal business operations — and to stand the best chance of cyber insurance providers placing you into that elite risk bucket — businesses need a full-service IR provider. It’s not enough to delete the threat. Instead, finding the root cause, documenting what happened and restoring business ...
2 days ago
Coalition launches cyber insurance offering on Acturis platform
· The insurance provider made the move to allow more brokers to quote and bind with Coalition, helping them protect more small and medium enterprises (SMEs) from cyber threats as a result. The product will be available for clients with up to £25m revenue and offers limits of up to £10m. Coalition ...
4 days ago
Cyber Insurance News - The Leading Source for Cybersecurity Insurance ...
· SecurityScorecard Unveils Cybersecurity Findings for S&P 500 Companies Amid New SEC Regulations. April 12, 2024 Martin Hinton No Comments. A recent report from SecurityScorecard reveals that 21% of S&P 500 companies suffered data breaches in 2023, highlighting the growing challenges in cybersecurity amidst stricter regulatory environments.
2 days ago
Top 10 Cyber Insurance Carriers
5 trends in the cyber insurance evolution | TechTarget
· But I believe cyber insurance proliferation is also a function of growing executive- and board-level understanding of cyber-risk and its role in corporate risk management and governance. Finally, regulations from the Securities and Exchange Commission, the EU ( Network and Information Security Directive ) and others are persuading corporate boards to supplement their security strategies by ...
5
4 days ago
Cyber Insurance News - The Leading Source for Cybersecurity Insurance ...
· SecurityScorecard Unveils Cybersecurity Findings for S&P 500 Companies Amid New SEC Regulations. April 12, 2024 Martin Hinton No Comments. A recent report from SecurityScorecard reveals that 21% of S&P 500 companies suffered data breaches in 2023, highlighting the growing challenges in cybersecurity amidst stricter regulatory environments.
2 days ago
The Rise of Cyber Insurance | AgileBlue
· The demand for cyber insurance is on an upward trajectory, a trend underscored by the significant growth in the industry. According to FitchRatings, despite its growing pains, the cyber-insurance industry is only getting bigger, with the value of direct written premiums (DWPs) growing to $5.1 billion in 2023, an increase of 62% year-over-year.
5 days ago
First-Party vs Third-Party Cyber Insurance
· According to Astra Security, a study revealed that nearly 43% of cyber attacks are on small businesses, yet just 17% of small businesses have cyber insurance. Cyber insurance coverage is one of the best ways to protect yourself, your business and your customers. With the right cyber insurance policy in place, you can recover faster and protect ...
5 days ago
In Depth: New dimensions in cyber risk - Insurance Age
· Aviva research carried out in 2023 across UK companies found 20% admitted suffering a cyber attack or online fraud in the past year. The research found that businesses are 67% more likely to have experienced a cyber incident than a physical theft, and almost five times as likely to have experienced a cyber attack as a fire. 20 %.
5 days ago
Why Do You Need a Cyber Insurance Cover For Your Business?
· By Richard Brooks, Senior Account Executive, Albanwise Insurance Services. Cyber threats are on the rise at an escalating pace in the UK, affecting both large corporates and SMEs alike. Latest numbers reveal some staggering insights: 1 in 5 UK businesses have experienced a cyber attack or incident with nearly 1 in 10 small businesses, and 35% of large corporates, having experienced a cyber ...
5 days ago
Cyber security breaches survey 2024 - GOV.UK
· In most cases, as Figure 3.5 shows, cyber security insurance is an addition to a wider insurance policy only 8% of businesses and 5% of charities have a specific cyber security insurance policy.
5 days ago
Ransomware Ravaging Health Care: Why Cybercriminals Target These Vital ...
· The brokers who are really focused on cyber insurance and have that as a particular area of expertise, are able to advise clients on which carriers are the best partners in the claims process. “There’s a carrier for every buyer. Different buyers enter the market with different needs when it comes to cyber insurance,” she concluded.
4 days ago
Top 4 Cyber Insurance Companies
5 trends in the cyber insurance evolution | TechTarget
· Fast-forward to 2024, and the global cyber insurance industry is worth somewhere around $12 to $15 billion in 2024 premiums and is growing between 20% to 30% per year. Until recently, standalone cyber insurance sales were limited to the biggest organizations in the world, primarily in the U.S. This is no longer true.
5
4 days ago
Cyber Insurance News - The Leading Source for Cybersecurity Insurance ...
· SecurityScorecard Unveils Cybersecurity Findings for S&P 500 Companies Amid New SEC Regulations. April 12, 2024 Martin Hinton No Comments. A recent report from SecurityScorecard reveals that 21% of S&P 500 companies suffered data breaches in 2023, highlighting the growing challenges in cybersecurity amidst stricter regulatory environments.
2 days ago
The Rise of Cyber Insurance | AgileBlue
· The demand for cyber insurance is on an upward trajectory, a trend underscored by the significant growth in the industry. According to FitchRatings, despite its growing pains, the cyber-insurance industry is only getting bigger, with the value of direct written premiums (DWPs) growing to $5.1 billion in 2023, an increase of 62% year-over-year.
5 days ago
In Depth: New dimensions in cyber risk - Insurance Age
· Aviva research carried out in 2023 across UK companies found 20% admitted suffering a cyber attack or online fraud in the past year. The research found that businesses are 67% more likely to have experienced a cyber incident than a physical theft, and almost five times as likely to have experienced a cyber attack as a fire. 20 %.
5 days ago
First-Party vs Third-Party Cyber Insurance
· Simply put, first-party cyber insurance directly protects your business. With first-party cyber coverage, your business is protected from damages caused by a cyberattack that occurs on your network or systems. As hard as we try, there is no way to 100% prevent a data breach, so you need to be prepared. Because first-party cyber coverage ...
5 days ago
Why Do You Need a Cyber Insurance Cover For Your Business?
· Benefits of cyber insurance. -Financially, it can help protect you and your company from the effects of a cyber attack. -It can assist with the PR response to any incident, to minimise reputational damage. – Finally, having cyber insurance in place helps business continuity in moving forward. For more information on cyber insurance, reach out ...
5 days ago
Newline Europe starts cyber business led by Johannes Beckers
· 10th April 2024 - Author: Kassandra Jimenez-Sanchez. Newline Europe, a subsidiary of Newline Insurance Company Limited, has announced the appointment of Johannes Beckers as Head of Cyber for the Europe-wide expansion of its cyber insurance business. In his new role, based in Cologne, Beckers has been tasked to drive growth and the development ...
4 days ago
The Cyber Loop | Aon
· Download the whitepaper. Aon’s Cyber Loop model acknowledges that each organization will start its journey from a different place: assess, mitigate, transfer , or recover. Once within the Loop, businesses become informed participants in managing risk, engaged in continuous review, improvement, and investment in security – guided by data.
1 day ago
Top 10 Cyber Insurance Companies
5 trends in the cyber insurance evolution | TechTarget
· Fast-forward to 2024, and the global cyber insurance industry is worth somewhere around $12 to $15 billion in 2024 premiums and is growing between 20% to 30% per year. Until recently, standalone cyber insurance sales were limited to the biggest organizations in the world, primarily in the U.S. This is no longer true.
5
4 days ago
Cyber Insurance News - The Leading Source for Cybersecurity Insurance ...
· SecurityScorecard Unveils Cybersecurity Findings for S&P 500 Companies Amid New SEC Regulations. April 12, 2024 Martin Hinton No Comments. A recent report from SecurityScorecard reveals that 21% of S&P 500 companies suffered data breaches in 2023, highlighting the growing challenges in cybersecurity amidst stricter regulatory environments.
2 days ago
The Rise of Cyber Insurance | AgileBlue
· The demand for cyber insurance is on an upward trajectory, a trend underscored by the significant growth in the industry. According to FitchRatings, despite its growing pains, the cyber-insurance industry is only getting bigger, with the value of direct written premiums (DWPs) growing to $5.1 billion in 2023, an increase of 62% year-over-year.
5 days ago
List Of Cyber Insurance Companies
Cyber Insurance News - The Leading Source for Cybersecurity Insurance ...
· SecurityScorecard Unveils Cybersecurity Findings for S&P 500 Companies Amid New SEC Regulations. April 12, 2024 Martin Hinton No Comments. A recent report from SecurityScorecard reveals that 21% of S&P 500 companies suffered data breaches in 2023, highlighting the growing challenges in cybersecurity amidst stricter regulatory environments.
2 days ago
5 trends in the cyber insurance evolution | TechTarget
· Fast-forward to 2024, and the global cyber insurance industry is worth somewhere around $12 to $15 billion in 2024 premiums and is growing between 20% to 30% per year. Until recently, standalone cyber insurance sales were limited to the biggest organizations in the world, primarily in the U.S. This is no longer true.
5
4 days ago
In Depth: Managing cyber risk in an ever-changing security landscape ...
· Insurance brokers play an important part in helping companies manage the difficulties of cyber risk management and insurance. They can offer important advice on the latest cyber threats and trends, as well as provide guidance on how to select the correct insurance products and services. Furthermore, brokers can help facilitate communication ...
3 days ago
The Cyber Loop | Aon
· Download the whitepaper. Aon’s Cyber Loop model acknowledges that each organization will start its journey from a different place: assess, mitigate, transfer , or recover. Once within the Loop, businesses become informed participants in managing risk, engaged in continuous review, improvement, and investment in security – guided by data.
1 day ago
In Depth: New dimensions in cyber risk - Insurance Age
· Aviva research carried out in 2023 across UK companies found 20% admitted suffering a cyber attack or online fraud in the past year. The research found that businesses are 67% more likely to have experienced a cyber incident than a physical theft, and almost five times as likely to have experienced a cyber attack as a fire. 20 %.
5 days ago
Why Do You Need a Cyber Insurance Cover For Your Business?
· Benefits of cyber insurance. -Financially, it can help protect you and your company from the effects of a cyber attack. -It can assist with the PR response to any incident, to minimise reputational damage. – Finally, having cyber insurance in place helps business continuity in moving forward. For more information on cyber insurance, reach out ...
5 days ago
The Rise of Cyber Insurance | AgileBlue
· The demand for cyber insurance is on an upward trajectory, a trend underscored by the significant growth in the industry. According to FitchRatings, despite its growing pains, the cyber-insurance industry is only getting bigger, with the value of direct written premiums (DWPs) growing to $5.1 billion in 2023, an increase of 62% year-over-year.
5 days ago
First-Party vs Third-Party Cyber Insurance
· Simply put, first-party cyber insurance directly protects your business. With first-party cyber coverage, your business is protected from damages caused by a cyberattack that occurs on your network or systems. As hard as we try, there is no way to 100% prevent a data breach, so you need to be prepared. Because first-party cyber coverage ...
5 days ago
Best Cybersecurity Insurance Companies
In Depth: New dimensions in cyber risk - Insurance Age
· Aviva research carried out in 2023 across UK companies found 20% admitted suffering a cyber attack or online fraud in the past year. The research found that businesses are 67% more likely to have experienced a cyber incident than a physical theft, and almost five times as likely to have experienced a cyber attack as a fire. 20 %.
5 days ago
The Rise of Cyber Insurance | AgileBlue
· The demand for cyber insurance is on an upward trajectory, a trend underscored by the significant growth in the industry. According to FitchRatings, despite its growing pains, the cyber-insurance industry is only getting bigger, with the value of direct written premiums (DWPs) growing to $5.1 billion in 2023, an increase of 62% year-over-year.
5 days ago
5 trends in the cyber insurance evolution | TechTarget
· But I believe cyber insurance proliferation is also a function of growing executive- and board-level understanding of cyber-risk and its role in corporate risk management and governance. Finally, regulations from the Securities and Exchange Commission, the EU ( Network and Information Security Directive ) and others are persuading corporate boards to supplement their security strategies by ...
5
4 days ago
Top Cyber Security Insurance Companies
Cyber Insurance News - The Leading Source for Cybersecurity Insurance ...
· SecurityScorecard Unveils Cybersecurity Findings for S&P 500 Companies Amid New SEC Regulations. April 12, 2024 Martin Hinton No Comments. A recent report from SecurityScorecard reveals that 21% of S&P 500 companies suffered data breaches in 2023, highlighting the growing challenges in cybersecurity amidst stricter regulatory environments.
2 days ago
The Cyber Loop | Aon
· Download the whitepaper. Aon’s Cyber Loop model acknowledges that each organization will start its journey from a different place: assess, mitigate, transfer , or recover. Once within the Loop, businesses become informed participants in managing risk, engaged in continuous review, improvement, and investment in security – guided by data.
1 day ago
5 trends in the cyber insurance evolution | TechTarget
· Fast-forward to 2024, and the global cyber insurance industry is worth somewhere around $12 to $15 billion in 2024 premiums and is growing between 20% to 30% per year. Until recently, standalone cyber insurance sales were limited to the biggest organizations in the world, primarily in the U.S. This is no longer true.
5
4 days ago
Why Do You Need a Cyber Insurance Cover For Your Business?
· Benefits of cyber insurance. -Financially, it can help protect you and your company from the effects of a cyber attack. -It can assist with the PR response to any incident, to minimise reputational damage. – Finally, having cyber insurance in place helps business continuity in moving forward. For more information on cyber insurance, reach out ...
5 days ago
First-Party vs Third-Party Cyber Insurance
· According to Astra Security, a study revealed that nearly 43% of cyber attacks are on small businesses, yet just 17% of small businesses have cyber insurance. Cyber insurance coverage is one of the best ways to protect yourself, your business and your customers. With the right cyber insurance policy in place, you can recover faster and protect ...
5 days ago
In Depth: Managing cyber risk in an ever-changing security landscape ...
· Cyber risk assessment plays a vital role in ensuring business continuity planning in today’s digital age. Companies should be vigilant and proactive and make a conscious effort to reinforce their cyber resilience and mitigate the impact of cyber threats on their daily operations and protect their reputation.
3 days ago
Top 10 Cyber Insurance Companies Driving the Market - LinkedIn
· The global cyber insurance market, valued at USD 13.33 Billion in 2022, is poised for substantial growth and is anticipated to reach USD 84.62 Billion by 2030, demonstrating a robust CAGR of 26.1% ...
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4 days ago
Is your pension scheme cyber risk ready? - Mercer
· Pension schemes are attractive targets for cyber attacks. Broadly defined, cyber risk for pension schemes is the risk of loss, disruption or damage to a scheme or its members caused by the failure of its information technology systems and processes. The threat includes risks to information (data security) and assets, and covers internal risks ...
6 days ago