Cyber insurance coverage is slowly changing, and some policies may not provide coverage for social engineering attacks like ClickFix.
Tag: Insurance
Global Security News
Asia’s Cyber Insurance Market Shows Signs of Life
The cyber insurance industry has made relatively weak inroads into Asia due to a a variety of factors, but that could be changing.
Cybersecurity, Global Security News, Risk Management
Focus on Cyber Insurance: How Quantifying Risk Is Reshaping Security
In this latest installment of the Reporters’ Notebook video series, we discuss how cyber insurance is forcing organizations to quantify risk, what’s covered (and what’s not), and why this could be the best thing to happen to cybersecurity.
AI, Cybersecurity, Data Breaches, Endpoint, Global Security News, Government & Policy, Risk Management
FIRESIDE CHAT: Cyber insurers deepen SMB security role as supply chain attacks spread
The cyber insurance industry set out to manage financial risk. Along the way, it has quietly became the security operations provider for a significant share of American small businesses. An $11 billion acquisition agreement announced earlier this year suggests it intends to stay in that role. Related: No easy AI security fixes I sat down…
AI, Apps, Cybersecurity, Endpoint, Global Security News, Risk Management
Huntress and Acrisure Launch Streamlined Cyber Insurance Program
Huntress has collaborated with Acrisure to launch a new cyber insurance program that gives businesses a faster, simpler path to protection against cybersecurity risks. The program offers eligible organizations access to unique Cyber or Tech Errors and Omissions (Tech E&O) insurance policies with no deductible, through a streamlined application process that reduces the complexity typically…
AI, Apps, Compliance, Cybersecurity, Data Breaches, Endpoint, Exploits, Global Security News, Risk Management
Deepfakes Are Exposing Gaps in Cyber Insurance Policies
Deepfakes are creating new cybersecurity risks that many organizations — and their cyber insurance policies — may not be fully prepared to address. As attackers increasingly use AI-generated voice, video, and identity impersonation in fraud and ransomware attacks, cybersecurity experts warn businesses must reassess both security strategies and cyber insurance coverage. During a recent Channel…
AI, Apps, Cybersecurity, Global Security News, Risk Management
Insurance carriers quietly back away from covering AI outputs
Several major insurance carriers have begun to back away from providing cybersecurity and other insurance to companies using AI to run internal processes, insiders say. While there’s no standard response to customer use of AI in the insurance market, many carriers are now quietly declining to write policies for claims related to AI-generated outputs in…
AI, Global Security News, privacy
Health insurance lead sites sell personal data within seconds of form submission
Lead generation websites that offer health insurance quotes collect sensitive personal data and sell it to multiple buyers within seconds of a user clicking submit. A study by researchers at UC Davis, Stanford University, and Maastricht University mapped this process across 105 health insurance lead generation sites and monitored what happened to the data over…
AI, Global Security News
The People Who Are Using AI at Home to Free Up Their Time
Using AI agents to compare insurance plans and order groceries means more free time for riding bikes and playing the guitar.
AI, Global Security News
When algorithms decide: The hidden role of AI in insurance claims
GUEST OPINION: When you file an insurance claim after an accident, you probably assume that a human adjuster will review your case file and decide how much compensation you’ll get. That may have been true several years ago, but today’s claims are being evaluated by artificial intelligence (AI) algorithms. Many of today’s insurance companies rely…
AI, Compliance, Europe, Global Security News, Risk Management
AWS completes the second GDV community audit with participant insurers in Germany
We’re excited to announce that Amazon Web Services (AWS) has completed its second GDV (German Insurance Association) community audit with 36 members from the Germany insurance industry participating, corresponding to over 63% coverage of the German market in terms of insurance premiums. Community audits are an efficient method to provide additional assurance to a group…
AI, Global Security News
Backup strategies are working, and ransomware gangs are responding with data theft
Business email compromise (BEC) and funds transfer fraud combined for 58% of all cyber insurance claims filed in 2025, according to data from Coalition covering more than 100,000 policyholders across the United States, Canada, the United Kingdom, Australia, and Germany. BEC was the single most common claim type at 31%, with frequency rising 15% year…
AI, Data Breaches, Exploits, Global Security News, Risk Management
ACCC: Australians living with disability at risk of exploitation by NDIS providers breaching consumer laws
The ACCC says participants in the National Disability Insurance Scheme (NDIS) are being targeted by NDIS providers’ deceptive advertising practices and other behaviours banned by consumer law, a new report has found. Whilst these practices are not universal, the scale and types of complaints the ACCC is hearing about is concerning.