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Zurich, Marsh McLennan Call for Public Partnerships Close Cyber Gaps

Insurance Journal

A new report from Marsh McLennan and Zurich titled “Closing the cyber risk protection gap” is calling for a closer collaboration between the insurance industry and the public sector as cyber insurance coverage gaps remain. “Both the insurance industry and …

Cyber 258
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Mastercard Agrees to Buy Cyber-Defense Firm for $2.65 Billion

Insurance Journal

agreed to buy cyber-defense firm Recorded Future for $2.65 billion to boost its ability to protect the card company’s massive global-payments system. Mastercard Inc. The purchase from private equity firm Insight Partners will expand Mastercard’s ability to use artificial intelligence …

Cyber 260
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American Water Cyberattack Renews Focus on Protecting Critical Infrastructure

Insurance Journal

A cyberattack continues to affect the largest regulated water and wastewater utility company in the United States, renewing a focus on the importance of protecting critical infrastructure sites. New Jersey-based American Water paused billing to customers as it announced the …

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Don’t Let Your Clients Ignore These Cyber Threat Headlines

ProWriters

Cyber threats continue to challenge individuals, countries, and companies in today’s digitally interconnected world. Have your business clients assessed their cyber risk recently and obtained adequate Cyber Liability Insurance? And some of these conflicts pose cyber security threats.

Cyber 98
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Coalition Starts Reinsurance Intermediary Coalition Re Led by Aspen Capacity

Insurance Journal

Coalition today announced the creation of its reinsurance intermediary, Coalition Re, to provide capacity for cyber reinsurance treaties and expand on its mission to protect more unprotected businesses. Coalition Re provides capacity for non-proportional cyber reinsurance treaties, as well as …

Cyber 257
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Protect Your Clients Against Data Breaches

ProWriters

companies faced the risk of a significant cyber attack. Analysts project cyber crime to cost the U.S. For most companies, a cyber breach isn’t a question of if but when. As a Cyber Insurance broker, you can learn from their mistakes to help protect your clients. trillion by 2028.

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Why Retail Cyber Insurance Is Non-Negotiable

ProWriters

The retail sector has seen a significant uptick in cyber threats, with ransomware attacks surging by 75% in 2022, according to Sophos. It’s a clear signal that as much as we love the digital marketplace, we must do more to protect it. Recent statistics highlight the severity of cyber attacks in the retail sector.

Cyber 52