article thumbnail

What Artificial Intelligence in Cyber Security Means for Brokers

ProWriters

The Cyber Insurance market is bracing for a massive shift, and artificial intelligence is at the center of it all. On one hand, AI is supercharging cyber threats, making attacks faster, more sophisticated, and harder to detect. So, where does this leave Cyber Insurance brokers? Will AI replace cyber security?

article thumbnail

Markets/Coverages: Aon Launches Insurance Facility for Full Lifecycle of Data Centers

Insurance Journal

Insurance broker Aon plc announced the launch of its Data Center Lifecycle Insurance Program (DCLP), a proprietary multi-line insurance facility designed to help clients manage risk across every stage of data center development and operations. As global investment in digital …

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why Cyber Insurance for Small Business Matters

ProWriters

When ransomware attacks hit government agencies or data breaches cost multinational corporations millions of dollars, people may wrongly conclude only large organizations need Cyber Liability Insurance. Cyber Insurance for small businesses is critically important, too. Small-business cyber security often goes neglected.

article thumbnail

What Your Clients Must Know About Cyber Insurance War Exclusions

ProWriters

As war is driving cyber security concerns around the globe, more organizations are turning to Cyber Insurance for protection. Cyber Insurance war exclusions can leave businesses vulnerable to financial loss. Since Russia invaded Ukraine in 2022, a much-anticipated “cyber thunder run” hasn’t materialized.

article thumbnail

Australia Regulator Sues FIIG Securities for Cybersecurity Failures

Insurance Journal

The Australian securities watchdog said on Thursday it is taking fixed-income broker FIIG to court, alleging it failed to implement adequate cybersecurity measures over a four-year period, which enabled a hacker to infiltrate its IT network. The Australian Securities and …

article thumbnail

Compare Cyber Insurance Quotes Online & Get Covered Today!

Simply Insurance

About Cyber Insurance | Compare Cyber Insurance Quotes Online & Get Covered Today! Compare Cyber Insurance Quotes Online & Get Covered Today! Compare cyber insurance quotes online effortlessly and protect your business from digital threats with our comprehensive guide. Lets dive into how you can get started.

article thumbnail

Keeping Up With Artificial Intelligence in Cyber Security

ProWriters

Cyber attacks loom larger than ever, and generative artificial intelligence (AI) is a major reason why. At the same time, AI makes improved risk assessment and protection against cyber threats possible. For both of these reasons, artificial intelligence is reshaping cyber security strategiesincluding Cyber Liability policies.