Cyber

2023 has seen a worrying resurgence in ransomware and extortion claims as the cyber threat landscape continues to evolve.

While the focus has been on IT infrastructure, insurers and clients are realizing the IoT creates the biggest attack surface for hackers.

Insurers must keep up with the ever-changing nature of cyber threats -- and a new form of computing is causing concern.

Fewer than half of firms have policies that cover "critical risks," including ransomware, ransom negotiations and ransom payments.

What happens next will depend on how clearly underwriters, brokers and insurance buyers commit to building resilience.

The attacks show how the nation is broadly unprepared -- but also how a series of tools could have prevented or at least mitigated the attacks. 

A Cowbell survey found a shocking vulnerability to cyber attacks among small and medium-sized enterprises.

We need a set of universal, standardized cybersecurity requirements for insured organizations, adopted across the cyber insurance market.