The Ultimate Guide to Cybersecurity insurance
A curated Australian edition of TechDay news, analysis, interviews, reviews, job moves, and related resources for Cybersecurity insurance.
What to know about Cybersecurity insurance
Cybersecurity insurance serves as a vital component in managing the escalating risks associated with digital threats. As cyberattacks become more frequent and sophisticated, businesses and organisations are increasingly considering cyber insurance policies to safeguard their operations from financial losses and breach-related repercussions. This tag brings together a wealth of insights, stories, and developments illustrating how the cybersecurity insurance landscape is evolving in response to these challenges.
The stories linked to this tag explore a broad spectrum of topics—from the intricacies of choosing suitable coverage and the partnership strategies between insurers and cybersecurity firms, to emerging trends such as the impact of artificial intelligence on cyber risks and the growing importance of cyber resilience assessments. Readers can learn about how organisations adapt their security frameworks to meet insurance requirements, the role of innovation in putting together comprehensive cyber liability solutions, and how rising threats are shaping market demand and regulatory responses.
Whether you are a business leader seeking to understand the benefits and limitations of cyber insurance, an IT professional looking at risk assessment frameworks, or simply interested in how the insurance sector is adapting to the cyber threat environment, this collection offers practical insights and up-to-date information. Engaging with these stories will provide a clearer understanding of why cybersecurity insurance is becoming an integral part of overall risk management strategies in today’s digital world.
Australian Cybersecurity insurance News
Regional stories with direct local relevance
Upcover adds deepfake cover to cyber insurance in Australia
Upcover adds deepfake incident cover to cyber policies in Australia via Coalition, targeting rising AI impersonation and fraud risks.
Upcover gains global recognition for AI-driven business insurance
Sydney-based insurtech Upcover earns global praise for its AI-driven business insurance platform, expanding fast across Australia and New Zealand.
Australian IT leaders struggle to identify scam emails
A recent study reveals that many Australian IT leaders struggle to distinguish between legitimate and phishing emails, despite rising data breaches.
Mobile development needs to step up against data breaches
More than a quarter of Australian consumers fear their mobile apps will be breached and need developers to invest more in delivering robust cyber protection.
Why IT professionals should consider cyber insurance
As technology continues to advance and the reliance on digital systems grows, so does the threat of cyber-attacks.
How BizCover's Referral Portal makes the simple powerful
IT professionals can now provide even more value to their small business clients by referring them to BizCover for their business insurance.
Recent Cybersecurity insurance News
Somerville and Veeam help customers meet cyber insurance requirements
Somerville has partnered with Veeam to help customers meet cyber insurance requirements for offsite, offline immutable backups.
Cyber insurance. A changing of the guard.
The threat of cyberattacks on Australian businesses is increasing as cybercriminals outsmart security defences.
Cyber attacks worsening among Australian businesses, costing economy $1 billion a year
Cyber attacks are escalating among Australian companies, with cyber crime costing the economy over AUD $1 billion annually, new research reveals.
Why Australian businesses should add cybersecurity to the end of financial year checklist
Australian organisations should be looking at their ICT security as part of their planning process for the new financial year.
Chubb includes cyber insurance as part of new SME offering for Australians
Chubb launches new SME insurance in Australia, adding cyber coverage to shield businesses from growing digital risks.
Local firm claims 'Australian-first' for SMB cybersecurity
Australia's Small Business Minister Michael McCormack joined local cybersecurity firm Cyber Plus to announce the launch of a cyber tool 'bundle'.
Cyber insurance in Australia set to rise in the wake of increasing attacks
Spike in cyberattacks prompts 19% of Aussie SMBs to consider cyber insurance, as costs of breaches soar, Norton reports.
Qualys & Converge launch cyber insurance pricing tool
Qualys and Converge tie cyber insurance premiums to live security data, aiming to reward stronger controls with lower costs for customers.
Arctic Wolf named Chubb's preferred MDR cyber partner
Arctic Wolf has been chosen as Chubb's preferred MDR partner, tying cyber cover to continuous security monitoring for larger policyholders.
CTERA ransomware tool aces independent lab testing
CTERA's Ransom Protect blocks all eight major ransomware strains in lab tests, encrypting a median of just 2.28% of files per attack.
Rapid7 unveils upgraded platform with $1M breach cover
Rapid7 upgrades its Command Platform with AI-powered threat detection and unified remediation, backed by a USD $1 million Breach Protection Warranty for security teams.
Vectra AI unveils new clarity programme to boost MSSP services
Vectra AI launches the Vectra AI Clarity Program for MSSPs to meet rising demands for advanced XDR solutions, offering flexibility and customised cybersecurity services.
Arctic Wolf introduces Cyber Resilience Assessment tool
Security operations firm, Arctic Wolf rolls out Cyber Resilience Assessment tool to strengthen companies' cybersecurity profiles and insurability by aligning them to industry-standard frameworks.
Tesserent predicts cybersecurity challenges & trends for 2024
Tesserent's cybersecurity experts anticipate AI risks, a growing skills shortage, and regulatory changes by 2024.
Cybersecurity ops not an immediate priority for CIOs
The study underscores the vital position of cybersecurity within organisations, with 67% of respondents listing it as their top focus area.
Nearly 40% increase in global ransomware attacks – report
Ransomware attacks have increased by almost 40%, with cybercriminals targeting organisations with cyber insurance, says a new report by Zscaler.
Thales expands cybersecurity leadership with Tesserent acquisition
Thales plans to acquire Tesserent for A$176m to create a major cybersecurity provider in Australia and New Zealand.
Ontinue and Antigen Security help to reduce cybersecurity insurance costs
Ontinue and Antigen Security have partnered to offer a cybersecurity solution that lowers insurance costs by up to 90%, according to Ontinue.
Financial firms increasing urgency to move towards cloud
Financial firms are increasing their urgency to move towards the cloud to strengthen cybersecurity, fraud detection and claims management.
Ransomware attacks rise 45% in Feb, LockBit ramps up activity
Ransomware attacks surged in February with a 45% increase from January, highlighting the growing threat, according to NCC Group's analysis.