Companies and individuals increasingly rely on digital technology to work, to entertain, to purchase, to sell, to travel, and to live. Smart insurance professionals have caught on and are developing products to respond as required in order to mitigate risk.
But the distinctive characteristics of cyber risks make this area a challenge. More often than not, the items at risk are intangible. Criminals don't have to be physically close to steal information and digital currency. Terrorists can undermine infrastructure without any direct physical contact.
To address these cyber risks, underwriters and claims professionals are partnering with experts in data, computing and analytics. As the clash between digital security and cyber piracy continues to intensify, risk analysis must be ceaseless and mitigation factors must be continuously improved.
The challenges are substantial, but so are the rewards. Experts estimate that worldwide revenue in cyber insurance premiums and services could increase tenfold – from USD $2 billion to $20 billion – within 10 years.
Latest News:
- AI drives surge in disclosed vulnerabilities, yet two-thirds of ransomware deployments still start with compromised credentialsBeazley Security’s Q2 2026 Quarterly Threat Report finds agentic AI reshaping vulnerability research far faster than it is changing how attackers break in Disclosed vulnerabilities increased 36% in Q2, while confirmed exploitations in the wild only grew 10% Compromised credentials remained the ...
News and Articles
- AI drives surge in disclosed vulnerabilities, yet two-thirds of ransomware deployments still start with compromised credentials
- Enigma Networks Advances Zero Trust for Internal Networks as the Cyber Battlefield Moves Inside the Enterprise
- Resilience Claims Data Reveals Human Error Drove Majority of Cyber Losses in First Half of 2026
- Coalition Releases Login Security to Provide Inbox Threat Detection & Containment for Small and Midsize Businesses
- Four Critical Threats Requiring Urgent Improvements from Cybersecurity Leaders: Gartner
- Deloitte Collaborates with Google Cloud and Wiz on Human-in-the-Loop, AI-Powered Cyber Defense
- Cyber incidents in construction lead to 24 days downtime on average: QBE research
- BDC backs quantum and cybersecurity firms to strengthen Canada’s defence capability
- Resilience Edge Clients Reduced Extreme Cyber Loss Exposure by More Than $1 Billion
- Travelers Announces Enhanced Services for Cyber Liability Customers
