Cybersecurity insurance is becoming a popular option for organizations looking to protect themselves from the financial risks of a cyberattack, but new data shows that organizations with cyber insurance may be more appealing to ransomware attackers. According to Barracuda Networks, 77% of organizations with cyber insurance were hit by a successful ransomware attack in 2022, […]
The digital world is a minefield for insurers at the moment, with giants AXA, CNA Financial, Tokio Marine and Marsh & McLennan suffering cyberattacks in 2021. Against this backdrop, cybersecurity revenues in the insurance sector are set to grow at a compound annual growth rate of more than 10% from $6.4 billion in 2020 to […]
Microsoft has announced a new multiyear commitment to help the insurance industry create cyber insurance products with the support of Microsoft’s security solutions. According to Microsoft, the technology firm is teaming up with insurance partners to offer insurance products that allow customers to safely share security posture information through platforms like Microsoft 365 and the […]
Cyber attacks are increasing making it harder to get cyber insurance; it’s not just an IT challenge – it’s a mainstream business issue.