Tags insurance

Insurance regulators pitched on FICO-style score for cybersecurity

by Shaun Waterman • 2 months ago

Insurers don't have a good way to measure their customers' cyber risk because because companies don't know how vulnerable they are.

Insurers: Major cyberattack on cloud provider could cost more than huge hurricane

by Shaun Waterman • 3 months ago

A successful major hacking attack on a global cloud provider could cripple the nascent cyber-insurance market even though only a fraction of the losses would be covered, a new report says.

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

by Shaun Waterman • 4 months 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.

Insurance industry increasingly anxious about its own cyber risks

by Shaun Waterman • 5 months ago

Insurance companies are worried more than ever about cybersecurity, which is rated one of the top three risks the global industry faces for the first time in a recent survey.

Only half of U.S. firms have cyber insurance, fewer than in U.K., Canada

by Shaun Waterman • 5 months ago

About half of U.S. businesses say they don't have cyber risk insurance, compared to fewer than a third in the U.K., and the healthcare sector is lagging the worst, according to a recent survey.

New insurance covers cyber risks for the wealthy

by Shaun Waterman • 7 months ago

Some of the wealthiest Americans can now expand their home insurance packages to include expert advice and technology for reducing their exposure to cyberattacks, as well as a variety of complimentary or reimbursable services if they do get hacked.

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