Nearly one in four respondents (22%) out of more than 1,200 business leaders surveyed in 2020 Travelers’ Cyber Risk Index said their firm was the victim of a cyber event – the highest percentage since the annual survey began in …
Corvus Insurance, a provider of AI-driven commercial insurance, has updated its cyber underwriting model to reward highly protected organizations with higher limits for Social Engineering and Cyber Crime coverage. Corvus’s Smart Cyber Insurance coverage will be automatically enhanced for policyholders …
The Hartford has partnered with Mimecast, an email and data security company, to offer Mimecast Awareness Training services designed to help customers reduce the risk of a cybersecurity incident before it occurs. According to Tim Marlin, head of cyber underwriting …
The average price tag for a business to recover after a cyber attack is $400,000, which can be fatal for small-and-medium-sized enterprises (SMEs), according to a report published by Chubb. This hefty cost of repairing the business and its reputation …
Delegated authority specialist and Lloyd’s Broker Endeavour Insurance Services has launched a new cyber security coverage program, Ensconce, designed to protect manufacturers from the risk of physical damage caused by cyber attacks. The Ensconce coverage responds to the increasing risk …
