Cyber Insurance Blog

The nature of warfare is changing. Conflicts now rage not only on physical battlefields but also across the digital landscape. As war is driving cyber security concerns around the globe, more organizations are turning to Cyber Insurance for protection. But these policies may not always offer the levels of protection purchasers think they do. Cyber Insurance war exclusions can leave…

Cyber attacks loom larger than ever, and generative artificial intelligence (AI) is a major reason why. At the same time, AI makes improved risk assessment and protection against cyber threats possible. For both of these reasons, artificial intelligence is reshaping cyber security strategies—including Cyber Liability policies. No insurance broker or agent today can afford to ignore the presence of artificial…

July 2023 saw the U.S. Securities and Exchange Commission (SEC) roll out new SEC cyber disclosure rules that are shaking up the corporate world. Designed to force companies into transparency and accountability, the rules aim to help investors make smarter decisions. But let’s not sugarcoat it—these regulations come with a fair share of headaches for businesses already grappling with a…

Global supply chains have largely recovered from the shipping and stocking disruptions of the COVID-19 pandemic. But 2024 saw another threat playing havoc with these vital networks: supply chain attacks. High-profile incidents in healthcare, automobile retail, and even the cyber security industry itself cast a harsh spotlight on how vulnerable dependencies and connections between businesses are in today’s economy. …

As 2024 unfolds, the Directors and Officers (D&O) Insurance market is hitting yet another turning point. After several years of dramatic rate fluctuations, insurers, brokers, and businesses are bracing for what could be a defining year for D&O premiums. With rising litigation risks, emerging industries, and a more competitive marketplace, the question remains: Will the soft market continue, or are…

Thirty-five years ago, subscribers to a World Health Organization AIDS conference list received a floppy disk in the mail. Ostensibly a survey, the disk actually delivered the earliest documented ransomware file. The file infected the host computer’s operating system. After a certain number of boot-ups, it encrypted the file names on the machine’s hard drive. Ransomware attacks have grown exponentially…