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As cyberattacks increase, more companies consider cyber liability insurance; but coverage costs are rising

Over the past few years, businesses large and small have found themselves targets of cyberattacks, which are growing in complexity and frequency. The second quarter of this year saw an all-time peak, with global cyberattacks increasing 32% compared to the same period in 2021, according to Check Point Research. One of the latest local victims was Bradley International Airport, which recently saw its website go down after being hit by a distributed denial of service attack.

Risk Assessment: As cyberattacks increase, more companies consider cyber liability insurance; but coverage costs are rising

Over the past few years, businesses large and small have found themselves targets of cyberattacks, which are growing in complexity and frequency. The second quarter of this year saw an all-time peak, with global cyberattacks increasing 32% compared to the same period in 2021, according to Check Point Research. One of the latest local victims was Bradley International Airport, which recently saw its website go down after being hit by a distributed denial of service attack.

HSB Cyber Survey Finds Electric Vehicles Drive Data Security Fears – Consumer Electronics Net

HSB acquires cybersecurity platform for small businesses

Hartford-based specialty insurer Hartford Steam Boiler has announced it has acquired a digital cybersecurity platform from security and insurance solutions provider Zeguro, adding a suite of cyber risk management tools designed for small businesses to its offerings.  The move brings Zeguro Cyber Safety Solution and key personnel to the cybersecurity services of HSB, strengthening the firm’s cyber insurance products. 

HSB Acquires Zeguro's Cybersecurity Digital Platform for Small Businesses – Consumer Electronics Net

Consumers Worry Connected Cars Are Vulnerable to Cyber Attacks

HSB Cyber Survey Finds Connected Car Tech Makes Consumers Uneasy – Consumer Electronics Net

9 hours ago One-third worry about the cyber security of connected vehicles 51 percent are confused over what personal data is exposed Consumers Worry About Smartphones and Smart Vehicles HARTFORD, Conn.–(BUSINESS WIRE)–#automotive–U.S. motorists worry about possible cyber-attacks on their connected vehicles, a survey by HSB, part of Munich Re, reported today, and some even believe a hacker could confront them over their car audio systems or disable automotive safety features. The HSB poll by Zogby Analytics found that 37 percent of consumers who responded were somewhat or very concerned about the cyber security and safety of connected and automated vehicles.