Insurance shapes how cyber risk is priced, transferred, and investigated, influencing breach costs, security incentives, and liability.
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Background for this topic.
Cyber insurance transfers some financial risk from security incidents to an insurer under a contract. Policies may cover first-party costs such as forensic investigation, system restoration, notification, and interruption of the insured’s business, as well as third-party privacy or security claims. Coverage depends on limits, deductibles, exclusions, and the policy’s definitions; regulatory penalties and ransom payments, for example, may be restricted or unavailable in some jurisdictions.
For security practitioners, insurance makes evidence of controls an operational and legal concern. Underwriting and claims may examine multifactor authentication, protected backups, logging, vulnerability remediation, access control, and tested incident-response plans. Inaccurate application answers or failure to meet policy conditions can reduce or invalidate recovery. During a claim, organizations may also share sensitive personal, technical, and investigative information with insurers, brokers, lawyers, and responders, requiring careful privacy, confidentiality, and evidence-handling practices.
Weekly headline count for the current query.
Third-party contractor compromise exposed health information and insurance billing passwords
Spotted in intrusions targeting insurance, education, IT, and professional services sectors
Lack of clear criteria risks encouraging firms to lean on state support instead of worrying about insurance The UK's cyber watchdog has warned that the government's £1.5 billion bailout of Jaguar Land Rover (JLR) risks setting a troubling precedent for how Britain handles major cyber crises.…
Parent company Cognizant hit with multiple lawsuits Thousands more Oregonians will soon receive data breach letters in the continued fallout from the TriZetto data breach, in which someone hacked the insurance verification provider and gained access to its healthcare provider customers across multiple US states.…
Why should Keith Richards’ fingers inform your approach to risk? Partner Content For years, celebrities have insured their body parts for vast sums of money. Mariah Carey allegedly insured her voice and legs for $70 million during a tour, according to TMZ; and Lloyd’s of London was reported to have insured a wide range of celebrity body parts, from restauranteur Egon Ronay’s taste buds to the fingers of Rolling Stones’ guitarist Keith Richards, which were insured for $1.6 million. …
Wanna know a secret? Whether you're logging into your bank, health insurance, or even your email, most services today do not live by passwords alone. Now commonplace, multifactor authentication (MFA) requires users to enter a second or third proof of identity. However, not all forms of MFA are created equal, and the one-time passwords orgs send to your phone have holes so big you could drive a truck through them.…
Crooks spoof US insurers, threaten bogus extradition to pry loose personal data and cash Chinese speakers in the US are being targeted as part of an aggressive health insurance scam campaign, the FBI warns.…
Massive increase in policy claims… and data doesn’t even cover the major attacks of 2025 The number of successful cyber insurance claims made by UK organizations shot up last year, according to the latest figures from the industry's trade association.…
Insurance giant’s UK arm says cybercriminals misattributed the real victim Allianz UK confirms it was one of the many companies that fell victim to the Clop gang's Oracle E-Business Suite (EBS) attack after crims reported that they had attacked a subsidiary.…
Crims raided third-party systems and lifted personal data, including license numbers and partial SSNs US insurance giant Farmers Insurance says more than a million customers had personal data nicked after a third-party vendor was compromised.…
Founder miffed over prosecutors holding onto its Bitcoin The founder of a German mobile phone repair and insurance biz has begun insolvency proceedings for some operations in his company after struggling financially following a costly ransomware attack in 2023.…
Policy management not affected, but some personal data may have been snaffled Business insurance and employment status specialist Qdos has confirmed that an intruder has stolen some customers personal data, according to a communication to tech contractors that was seen by The Register.…
The insurance SaaS slinger may trade under a different name, but past continues to haunt it Young Consulting's cybersecurity woes continue after the number of affected individuals from last year's suspected ransomware raid passed the 1 million mark.…
Time ticking for defenders as social engineering pros weave wider web Just a few weeks after warning about Scattered Spider's tactics shifting toward the insurance industry, the same experts now say the aviation industry is now on the ransomware crew's radar.…
Taking advantage of the ridiculously complex US healthcare billing system Criminals masquerading as insurers are tricking patients and healthcare providers into handing over medical records and bank account information via emails and text messages, according to the FBI.…
If it looks like a duck and walks like a duck... Aflac is the latest insurance company to disclose a security breach following a string of others earlier this week, all of which appear to be part of Scattered Spider's most recent data theft campaign.…
Google threat analysts warn the team behind the Marks & Spencer break-in has moved on Cyber-crime crew Scattered Spider has infected US insurance companies following a series of ransomware attacks against American and British retailers, according to Google, which urged this sector to be on "high alert."…
The group has previously threatened to SWAT cancer patients and leaked pre-op plastic surgery photos An extortion gang claims to have breached Freedman HealthCare, a data and analytics firm whose customers include state agencies, health providers, and insurance companies, and is threatening to dump tens of thousands of sensitive files early Tuesday morning.…
Whistleblowing, email is evidential mail, HR is not your friend, and more discussed by CxO panel RSAC Chief security officers should negotiate personal liability insurance and a golden parachute when they start a new job – in case things go sideways and management tries to scapegoat them for a network breach.…
Tech giants don't need smartphone mics to target adverts – your insurer just gives your data away, anyway US health insurance giant Blue Shield of California handed sensitive health information belonging to as many as 4.7 million members to Google's advertising empire, likely without these individuals' knowledge or consent.…