Cyber insurance claims severity surged 14% in H1 2024 as ransomware and business email compromise attacks targeted businesses of all sizes, according to Coalition.
Cyber threats top the list of business concerns for a fourth time in the 2024 Travelers Risk Index, as a record 62% of U.S. companies cited worries about cyber risks.
When it comes to artificial intelligence’s use of intellectual property and personal identifiable information, the technology may be new but the underlying legal and risk management principles that govern it are not.
Deepfake scams using AI to impersonate executives are on the rise, leading to significant financial risks for companies, according to HUB International.
Generative AI has enabled people to create images and content faster than ever before. Employers must remain vigilant should an employee choose to create nefarious and harassing content of their coworkers.
Intangible assets, like information and IP, are increasingly among a company’s most valuable assets, but face a coverage gap compared with physical assets, Aon report finds.
With rising cyber threats, the U.S. cyber insurance market faces hardening conditions in 2024, as KYND Ltd.’s survey reveals increased rates and underwriting standards.
Health care facilities are an attractive and vulnerable target for cyberattack. Understanding the cyber landscape and getting the right insurance team in place is just the first step to stopping cybercriminals in their tracks.
Despite a maturing cyber insurance market, Munich Re’s report reveals a significant gap in coverage, with 87% of decision makers feeling inadequately protected against cyberattacks.
Gartner’s cybersecurity predictions for 2024 reveal a shift toward GenAI adoption, increased focus on human behavior, and the escalating cost of combating misinformation.