Duo's Security Blog

DECEMBER 7, 2022

The state of cyber liability insurance The topic of cyber liability insurance is full of datapoints, statistics and graphs all showing upward trajectories. Tech Wire Asia cites that premiums could be expected to reach anywhere between US$500 million and US$1 billion by 2025.

Insurance 98

Insurance Cyber Insurance Ransomware Risk 98

SC Magazine

JULY 13, 2021

trillion, by 2025, a 75% increase. Lastly, the report warns entities not to rely on cyber insurance as the rates have skyrocketed in response to the rise in ransomware attacks. Some insurers are also jacking up the cost of deductibles and limiting the types of entities they’re willing to insure.

Data breaches 113

Data breaches Insurance Healthcare Education 113

Digital Shadows

NOVEMBER 26, 2024

Initial Access Broker (IAB) activity increased by 16% during the reporting period, heavily targeting US-based organizations due to perceived financial capability from cyber insurance. During the reporting period, our collection of IAB posts increased by 16%.

Cyber Attacks 59

Cyber Attacks Phishing Ransomware Cyber Insurance 59

Pen Test Partners

NOVEMBER 4, 2024

Maritime cyber insurance has been playing catch-up with maritime cyber security for a while now. As a result maritime cyber regulation is on the catch up. As a result maritime cyber regulation is on the catch up. 2 covered guidance for cyber at sea, but it didn’t have the desired effect.

Insurance 64

Insurance Technology Cyber Insurance Cyber Risk 64

Cytelligence

FEBRUARY 4, 2020

The 2019 Cybersecurity Almanac published by Cisco and Cybersecurity Ventures predicts that cyber events will cost $6 trillion annually by 2021, as companies are digitizing most of their processes and are often operating remotely. Global cyber insurance premiums are expected to grow from $4 billion in 2018 to $20 billion by 2025.

Penetration Testing 45

Penetration Testing Insurance Data preservation Cyber Insurance 45

Digital Shadows

NOVEMBER 26, 2024

Initial Access Broker (IAB) activity increased by 16% during the reporting period, heavily targeting US-based organizations due to perceived financial capability from cyber insurance. During the reporting period, our collection of IAB posts increased by 16%.

Cyber Attacks 52

Cyber Attacks Phishing Ransomware Cyber Insurance 52

BH Consulting

SEPTEMBER 7, 2022

As demand for cyber risk insurance increases, two recent developments could have policyholders scrambling to check their cover. In the United States, a judge dismissed a claim against an insurance company that refused to pay extra for losses due to business email compromise. And the cyber insurance market keeps growing.

Insurance 40

Insurance Social Engineering Cyber Risk Cyber Insurance 40

Jane Frankland

DECEMBER 7, 2023

Implementation will be phased with the vulnerability reporting obligations in late 2025 and the remaining obligations in early 2027. Whilst the EU’s Radio Equipment Directive, has been postponed until 2025, it’s expected to remain a significant topic for legislators in 2024.

Cybersecurity 130

Cybersecurity Cyber threats Insurance IoT 130

Jane Frankland

JANUARY 12, 2025

Cybersecurity is on the brink of significant transformation as we approach 2025, grappling with escalating complexities driven by advancements in technology, increasing geopolitical tensions, and the rapid adoption of AI and IoT. Ethics The ethical challenges posed by advancing AI technologies will demand urgent attention in 2025.

Cybersecurity 130

Cybersecurity CISO Insurance IoT 130

SecureWorld News

MARCH 5, 2025

The impact will be felt well beyond the involved countries of Canada, USA, Mexico, and China," said Kenrick Bagnall , Founder, KONCYBER & RB-Cyber Assurance; Royal Candian Mounted Police (RCMP) Contractor/Instructor; Toronto Police Service (Cybercrime Unit) (Ret.). " These tariffs will create real cyber risks.

Cyber Risk 111

Cyber Risk Risk Cyber Insurance Small Business 111