Cyber Insurance Archives

Based on real-world insurance claims, Resilience’s midyear report shows vendor risk is declining but costly, ransomware is evolving with triple extortion, and social engineering attacks are accelerating through AI. The post Ransomware Losses Climb as AI Pushes Phishing to New Heights appeared first on SecurityWeek.

Cyberattack disrupted UNFI’s operations in June; company estimates $50–$60 million net income hit but anticipates insurance will cover most losses. The post United Natural Foods Projects Up to $400M Sales Hit From June Cyberattack appeared first on SecurityWeek.

Better risk management could lead to reduced premiums on top of value for money, making cyberinsurance a silent driver for improved cybersecurity. The post Cyber Insights 2025: Cyberinsurance – The Debate Continues appeared first on SecurityWeek.

The change in premium rates is more likely to be the insurers’ correction than the insureds’ improvement in security. The post Cyberinsurance Premiums are Going Down: Here’s Why and What to Expect appeared first on SecurityWeek.

Because you can’t secure what you can’t see, having real-time asset visibility across the network is vital to maximizing security, minimizing risk, and protecting the enterprise. The post Seeing is Believing… and Securing appeared first on SecurityWeek.

SecurityWeek interviews two CISOs from the insurance sector: Jason Rebholz at Corvus Insurance and Jason Ozin at UK-based PIB Group. The post CISO Conversations: Jason Rebholz and Jason Ozin From the Insurance Sector appeared first on SecurityWeek.

In a landmark case that blurs the lines between cyber and kinetic warfare, Merck reached a settlement with insurers over a $1.4 billion claim stemming from the NotPetya malware attack. The post Merck Settles NotPetya Insurance Claim, Leaving Cyberwar Definition Unresolved appeared first on SecurityWeek.

Property and casualty insurance giant Travelers has entered into an agreement to acquire Corvus Insurance Holdings for approximately $435 million. The post Travelers to Acquire Cyberinsurance Firm Corvus for $435 Million appeared first on SecurityWeek.

MGM Resorts said costs from a disruptive ransomware hack has exceeded $110 million, including $10 million in one-time consulting cleanup fees. The post MGM Resorts Says Ransomware Hack Cost $110 Million appeared first on SecurityWeek.

If an organization decides to include cyberinsurance within its total cyber risk management posture, that cyberinsurance must be fully integrated with the organization’s cybersecurity posture. The post The Reality of Cyberinsurance in 2023 appeared first on SecurityWeek.