Enterprise cybersecurity is no longer just about firewalls and encryption. It’s about foresight and resilience. And increasingly, insurance, data-mapping and compliance. The cybersecurity and threat landscape is nearly unrecognizable from the one just a few years ago. Businesses have artificial intelligence to thank for that, as well...
Despite a recent wave of ransomware attacks, cyber insurance premiums are declining around the globe. That’s because businesses have gotten better at dealing with losses related to cybercrime, specialist insurance broker Howden said in a report issued Monday (July 1). “Favorable dynamics have persisted into 2024, with the cost...
Small business insurance provider TruShield Insurance is collaborating with Visa to give eligible businesses protection against cybersecurity threats. “Not having adequate protection against cyberattacks could leave business owners at a disadvantage and, in the event of a major loss, susceptible to bankruptcy,” TruShield Insurance said in a Tuesday (Feb....
News that the U.S. government recovered more than $2 million from ransomware attackers whose victim, Colonial Pipeline, paid the ransom sparked conversations yet again about whether businesses should cough up the money cyberattackers demand. Federal agencies’ stance on this question is increasingly becoming a resounding...
May 14, 2019
Cyber insurance firm Coalition just raised $40 million in funding to boost staff, and a data platform that analyzes and underwrites cyber risk. CEO Joshua Motta tells Karen Webster that insurance helps firms eliminate the cost of breaches — and helping clients fix vulnerabilities, while protecting them from breaches, can shore up defenses, where what isn’t known can indeed hurt.
August 25, 2017
The cyber insurance market is expected to grow, by a lot. Researchers at PricewaterhouseCoopers predicted in 2015 that the market would hit $7.5 billion in annual premiums by the end...
June 23, 2017
You’ve heard about WannaCry, University College London, George Eliot Hospital and Honda shutting down a factory for a day due to malicious software in its system. But for every blockbuster...
November 30, 2025
One of the world’s largest cyber insurance firms is reportedly reducing its U.S. cyber business in order to maintain underwriting discipline and rate adequacy in the face of unsustainable rates in the cyber market. That company, Beazley, is dealing with increasing claims and falling prices, even as competitors double down on policies covering ransomware demands […]
July 01, 2024
Despite a recent wave of ransomware attacks, cyber insurance premiums are declining around the globe. That’s because businesses have gotten better at dealing with losses related to cybercrime, specialist insurance...
February 13, 2024
Small business insurance provider TruShield Insurance is collaborating with Visa to give eligible businesses protection against cybersecurity threats. “Not having adequate protection against cyberattacks could leave business owners at a disadvantage and, in the...
December 26, 2019
U.K. insurers will not be covering as much digital property and data as they previously did, according to the Financial Times. Now, disasters like fires in data centers and IT...