Despite a history stretching back more than a quarter century, cyber insurance continues to evolve. Frequently, the cyber insurance industry experiences rapid changes, impacting everything from underwriting to coverage to regulatory influence. With all the big cyber events of 2022, Lockton Affinity and CyberLock Defense see more change on the horizon for the cyber insurance [...]
A new law enforcement report reveals rising cyber attack costs again in 2019. The FBI's 2019 Internet Crime Report documents internet-facilitated criminal activity reported to the government's Internet Crime Complaint Center (IC3). More than 467,000 complaints were submitted in 2019, with business losses estimated at $1.7 billion. Both complaints and costs have risen significantly over the [...]
The nature of cyber attacks continues to evolve, often in ways that put your business at even greater risks of damage. Ransomware attacks are nothing new in cybersecurity, but now one group of hackers known as Maze is publicizing the names and document contents of ransomware victims. Learn how the Maze cyber attack is impacting [...]
The cost of a cyber attack now averages more than $1 million and the threat is increasing, so it's more important than ever to get the coverage you need. While you may think all cyber liability insurance coverage is similar, it is important to know what questions to ask so you can find the [...]