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Cyber insurance market encounters ‘crisis moment’ as ransomware costs pile up

by Tim Starks • 4 weeks ago

The woes within the industry could mean significant ramifications for policyholders.

Two cyber insurance industry initiatives grapple with rise of ransomware

by Tim Starks • 2 months ago

CyberAcuView and the APCIA are two different answers to a phenomenon rocking the cyber insurance industry.

Insurer paid $65,000 to help a city unlock ransomware in 2018. A second hack was more expensive.

by Tim Starks • 3 months ago

The city of Azusa didn't disclose a payment in one incident, insurance paid up and now it's a victim again.

Fitch: Cybersecurity insurance market crossed billion-dollar earnings mark in 2016

by Shaun Waterman • 4 years ago

Insurers earned $1.35 billion from cyber insurance premiums last year, a 35 percent increase over the year before, according to new figures from the ratings agency Fitch.

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