Dani Tobler’s Post

𝗡𝗲𝘄 𝗕𝗹𝗼𝗴: 𝗜𝘀 𝘁𝗵𝗲 𝗖𝘆𝗯𝗲𝗿 𝗜𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗼𝗳𝘁𝗲𝗻𝗶𝗻𝗴 𝗔𝗺𝗶𝗱 𝗜𝗻𝗰𝗿𝗲𝗮𝘀𝗶𝗻𝗴 𝗥𝗶𝘀𝗸𝘀? We're excited to share insights from the latest Big Question article featuring Gamze Konyar, Head of Cyber at Marsh Europe. Despite a rise in cyber threats, the market shows signs of softening, with premium rates reducing for many clients. Konyar discusses the importance of resilience, innovation, and the critical role of data in combating evolving cyber risks. She highlights how the insurance sector is adapting to these changes and the ongoing efforts to enhance cyber security. Konyar states, "Our reliance on technology systems and the ever more complex supply chain creates new risks," emphasizing the need for businesses to bridge the gap between cyber security teams and insurance staff. Read the full blog here: https://bit.ly/3L1CtvK #CyberInsurance #RiskManagement #CyberSecurity #Insurance #Reinsurance

From Commercial Risk (by Ben Norris): "Experts are divided over whether losses from the CrowdStrike outage will have a real impact on cyber insurance pricing and potentially reverse the recent softening, but there is more consensus that the event will impact term and conditions. The incident is likely to have the biggest impact, both in terms of higher premium and tighter wordings, on cyber policies that cover business interruption and third-party liabilities, the experts told  Commercial Risk Europe." #govcon #cyber #cyberattack #ransomware #cybersecurity #cyberinsurance #insurance

Across the Asia-Pacific region, cyber attacks occur with alarming frequency. According to our global head of cyber Paul Handy, the severity of cyber attacks is increasing with threat actors being highly organised and “knowing how to inflict pain on the companies they target.” Cyber insurance has become a must-have purchase for businesses. Then, if the worst happens, the next must-have purchase is expert-led cyber incident response services, like what we offer here at Crawford. “The critical thing is to respond quickly. That is why at Crawford, we provide a 24/7/365 response model globally. The reason for that is that this is a crisis event and if you don't respond immediately and provide targeted support to these organisations, what could be a relatively small, well-contained, incident can erupt into something much bigger and harder to fix,” explains Paul. Get more insights in this recent blog: https://lnkd.in/giuYyu_q #cyberinsurance #cyber #cyberrisk #cyberattack #CrawfordAsia

The global cyber insurance market is experiencing a paradoxical trend: premium rates are declining even as ransomware attacks surge. The counterintuitive development, as highlighted in a recent report by broker Howden, is driven by a confluence of factors, primarily a growing awareness of cybersecurity risks and proactive measures taken by businesses to mitigate their exposure. https://lnkd.in/guc2Q__e Howden #cybersecurity #insurance #ransomware #digitaltransformation #CEOs #CFOs #CIOs #CTOs #CISOs

How is Howden transforming the cyber insurance landscape for businesses? Sarah Neild, Howden's UK Head of Cyber Retail, and Chester Wisniewski, Director and Global Field CTO at Sophos discuss the stabilizing costs and improved cybersecurity measures driving this change. #CyberInsurance #DigitalThreats #BusinessProtection

Cyber insurance rates fall as businesses improve security, report says “MFA is the most basic thing you can do, it’s like locking the door when you leave the house,” said Sarah Neild, head of UK cyber retail at Howden. #Cybersecurity #CyberInsurance #Cybercrime #Ransomware #DataProtection #BusinessContinuity #CloudSecurity #ITSecurity #RansomwareAttacks #Cyberwarfare #Infosec #News #India #Economy #Keralanews #Kerala #BusinessReviewLive #BRL #Keralabusiness

Cyber insurance rates fall as businesses improve security, report says Cyber insurance premiums are falling globally as #businesses become more adept in curbing their losses from #cyber #crime, even as #ransomware attacks are rising, broker Howden said in a report on Monday. Insurance premiums to protect companies against cyber attacks rocketed in 2021 and 2022, as the COVID-19 #pandemic drove cyber incidents. But premiums have been dropping in the past year, according to the annual Howden report. The cyber #insurance market saw double-digit price reductions in 2023/24, Howden said. https://lnkd.in/em4xiMkN #cybernews #cybersecurity

A Sign of the Times? With new cyber threats emerging every day, the demand for cyber insurance is set to surge. As businesses face increasing risks from data breaches, ransomware, and other cyber incidents, insurance offers a crucial layer of protection. Bloomberg Intelligence notes that as the digital landscape becomes more complex, companies need to be prepared for the unexpected. Cybersecurity isn’t just about preventing breaches—it’s also about being ready to respond when they happen. Is your business protected? #CyberSecurityAwarenessMonth #CyberInsurance #booneofinformation https://lnkd.in/dQtywG7P

The global cyber insurance market is experiencing a paradoxical trend: premium rates are declining even as ransomware attacks surge. The counterintuitive development, as highlighted in a recent report by broker Howden, is driven by a confluence of factors, primarily a growing awareness of cybersecurity risks and proactive measures taken by businesses to mitigate their exposure. https://lnkd.in/gdhWwD-Z Howden #cybersecurity #insurance #ransomware #digitaltransformation #CEOs #CFOs #CIOs #CTOs #CISOs

In today’s digital landscape, cyber insurance is becoming a critical lifeline for businesses of all sizes. As cyber threats evolve, understanding the importance of robust coverage can make all the difference in safeguarding assets and ensuring continuity. Discover how businesses can navigate this complex terrain and why having the right protection is essential. #AIA