Technology choices and security controls directly impact an organization’s cybersecurity risks, At-Bay analysis shows.

As cyber threats evolve with AI and geopolitical tensions, insurers face unprecedented challenges in protecting organizations worldwide, Munich Re reports.

The cyber insurance market is evolving rapidly, balancing competitive pricing with rising threats. Businesses must stay proactive in managing cyber risks.

Some 60% of SMBs fear cyber threats while only 23% feel prepared against ransomware attacks, Coalition reports.

Ransomware attacks hit record highs while payments decline, signaling a strategic shift in cybercriminal tactics.

AM Best’s first survey of cyber insurers reveals challenges in risk modeling and balancing portfolios between small and large accounts.

Third-party vulnerabilities drive cyber insurance losses as ransomware and vendor outages dominate 2024 claims, Resilience reports.

Insureds have better defenses, but attackers are becoming more sophisticated too.

To significantly improve their cybersecurity posture, small businesses should focus on two simple but effective measures. First, they should implement MFA for all remote access points, including email systems and other critical applications. Second, they must ensure that their data backups are properly protected.

This year 6 brokers were selected as Cyber Power Brokers. An additional three were named as finalists.

Commercial insurance premiums show stability while cyber coverage marks a turning point with declining rates and improved loss ratios.

The cyber insurance industry is still in its formative stages and is continuously evolving within the broader insurance sector, according to Darryn Ratliff, making it a career path ripe with opportunity.

Third-party vulnerabilities plague the insurance industry as 59% of breaches involve external partners, SecurityScorecard analysis finds.

Insurance-linked securities (ILS) market for cyber risks offers new capital solutions for managing systemic cyber events, Gallagher Re reports.

Despite a drop in risk ranking, cyber attacks continue to grow with two-thirds of businesses reporting an increase in incidents, Hiscox survey finds.

The manufacturing industry remains an attractive target for cybercriminals. Facilities must put safeguards in place to prevent the devastating financial toll of a malicious attack.

Commercial insurers earnings are strong, but natural disasters, geopolitical risks, and mounting legal system challenges could upset the balance, the broker finds.

The manufacturing sector’s cyber exposure serves as a wake-up call for the industry, according to Cowbell.

Despite cooling growth, the cyber insurance market has significant untapped potential in SME and global markets, according to Swiss Re.

Just like with hurricanes or tornadoes, even if your business isn’t directly affected, you want to be prepared.