Cyber Insurance Academy Newsletter | December Edition
Cyber Insurance Academy
CI Academy is a 24/7 online academy designed for insurance professionals who are looking to build their cyber knowledge
Welcome to our monthly newsletter!
Here's your update on everything cyber insurance - from the latest guides and webinars to news on global trends. We've gathered all you need to keep informed and on track in the world of cyber insurance.
Get ready for 2025 with our NEW, FREE Micro-Certification
With cyber threats constantly evolving, insurance companies continue to adjust their cybersecurity standards. Our new short course is designed to equip cyber insurance professionals with an updated understanding of the technologies and IT Management frameworks that policyholders will need to implement prior to applications and renewals.
Make sure you hit the ground running in the new year.??
Get Certified Here ???? https://lnkd.in/gYaesAMW
Coverage Report
A new report has shed light on the state of cyber insurance coverage in 2024.
Top Covered Costs:
1?? Forensics & Investigations – Covered by 68% of policies.
2?? Replacement of Equipment – Covered by 62%.
3?? Notification Costs (to breach victims) – Covered by 59%.
Read more: https://lnkd.in/gz22RNMp
Concerning Data Breach Statistics
A recent study by SecurityScorecard has uncovered a startling reality: 100% of Europe’s top financial institutions suffered a data breach via their supply chain in the past year.
Key figures:
?? Only 26% of firms earned an A-grade for cybersecurity.
?? 98% experienced breaches tied to subcontractors.
?? 18% faced direct cyberattacks.
?? Companies with an A-grade are 13.8x more resilient against breaches.
Full report: https://lnkd.in/gEbsyxC6
Defining "Major Cyber Events"
The ADI and Lloyd's has released a new report, tackling one of the biggest challenges in cyber insurance: defining "major cyber events."
Their guide introduces a structured framework built around six critical questions:
?? WHO is responsible?
?? WHAT caused the loss?
?? WHERE did it happen?
?? WHEN did it start, and how long did it last?
领英推荐
?? HOW did it spread?
?? WHY did it occur?
This framework helps insurers and their partners better understand cyber risks, improve communication, and build stronger defenses against modern threats.
Full report: https://lnkd.in/d9WMdBud
Become a Free Member of our Community
Your first step into cyber insurance starts here—and it’s FREE.
The Cyber Insurance Academy’s Free Membership is the perfect way to get started.
Here’s what’s included:
? A curated selection of our Professional Certification Courses to get a taste of our expertise
? Newsroom Access to stay ahead of industry trends
? Community Platform Access to connect with other professionals
Ready to explore the world of cyber insurance without spending a dime? Sign up today and take the first step toward mastering cyber insurance >> https://lnkd.in/dtVu8YCt
Learn More in our Knowledge Hub:
Happy New Year! ??
As we turn the page to 2025, we're excited to look back at the milestones, achievements, and connections that made 2024 unforgettable.
From launching a new platform to hosting events and building partnerships, it's been an incredible journey.
Thank you for being part of our 2024 story, and stay tuned for what’s to come in 2025!
?? We are Cyber Insurance Academy
The Cyber Insurance Academy is a 24/7 online academy designed to educate the insurance industry and transform insurance professionals into Cyber Champions.
From cyber basics to advanced cyber insurance topics, we offer the first CII-accredited online cyber course, an up-to-date knowledgebase, and a thriving community for insurance professionals
Stay tuned for details on how you can join and benefit from our community.
Want to learn more?
Follow us today to discover more about the cyber insurance industry.
For more details, contact us >>> https://www.cyberinsuranceacademy.com