The Aon 2025 cyber risk report provides a view of the state of cyber risk and insurance. Cyber claims frequency increased by 22% in 2024 and there was a 77% decline in ransomware payouts. There’s sparse cyber insurance coverage. There’s…
Thank you for posting Johnathan Rudy. US insurer Erie Indemnity Company (Erie) informed the SEC this week that it is currently dealing with a cyber attack. The 8K report submitted to the SEC highlighted that Erie identified its IT networks…
Nice piece of research on ransomware attacks and the effect on ransom payments if you have cyber insurance.@Thaddeus Dziekanowski Brian D. McCarthy Faisal Khan Veritas GRC #cybersecurity #cyberriskmanagement #cyberinsurance #ransomware View Original Post
One is never surprised when one reads about cyber and cyber insurance. One only has to read the regulatory ‘tea leaves’ to understand the road ahead for insurers and the insured when it comes to cyber.If third party supplier risk…
It depends upon who you speak to as to the trajectory of cyber insurance claims. By Trajectory I mean that claims will always be in an upward direction its just a case of how steep the curve is.Every report one…
Cyber is a risk that has moved up the corporate radar, and boards are looking for D&O protection. But how realistic is it to assume that D&O insurance will provide cover and protection in an increasingly cyber regulated world. Where…
Left of Bang management of cyber risk is the biggest opportunity for cyber insurances. All they require is the knowledge of how to do it @Thaddeus Dziekanowski Brian D. McCarthy Faisal Khan Veritas GRC #cybersecurity #cyberriskmanagement ##cyberinsurance View Original Post…
Is there a correlation between the growth in the cyber tech industry and a reduction in the effects of cyber attacks on public and private sector companies? Allot is being made on exit, how much value is being created and…
We have seen several cyberinsurance market reports over the past month highlighting the challenges and opportunities ahead for insurers. This latest from Tokio Marine HCC (TMHCC) pulls some of those threads together.TMHCC highlights a softening cyber insurance market and premium…
Will insurers move to targeted insurance products, rather than broad coverage products?Brian D. McCarthy @Thaddeus Dziekanowski Faisal KhanVeritas GRC#cybersecurityriskmanagement #cybersecurity #cyberinsurance View Original Post
