Cybersecurity Awareness Resources

October is Cybersecurity Awareness Month. In recognition, we are rounding up our top resources to help keep your clients safe from cyber threats.

Expert Insights:

1. Market Overview: Cyber Insurance – Readily Available to Protect Businesses Against Ever-Changing Risks: While demand for Cyber Insurance continues to grow, the current soft market is expected to continue into at least 2025. With new entrants on the carrier side and consistent but manageable demand from the market, downward pressure on rates remains. Read more here.
2. Trending: Hospital to Pay $65 Million After Sensitive Patient Data, Photos Leaked Online: A hospital in Pennsylvania recently agreed to pay $65 million to settle a class-action lawsuit over a 2023 cyberattack that exposed the personal data of approximately 135,000 individuals, including sensitive photos of more than 600 patients. Read more here.
3. Ask the Expert Q&A: Cyber & Privacy Liability Insurance: As cyberattacks continue to cause significant financial losses for businesses of all sizes, Cyber & Privacy Liability Insurance is increasingly vital. To learn more, we spoke with Kenneth Labelle, Burns & Wilcox Brokerage.?Read more here.

Related Intel:

Tips for Brokers and Agents:

Building a book of business in the Cyber Insurance sector takes time. Still, demand and capacity give brokers and agents opportunities to become subject matter experts and trusted advisors for their clients. Discover top tips on how to be successful in the Cyber Insurance market here.

Webinar: Cyber Insurance – Trends in Coverage, Pricing and Claims

From cyber crashes, like the Microsoft CrowdStrike outage to cyberattacks, Cyber Insurance has never been more critical. During this webinar, our panel of experts dove into all things Cyber Insurance. Featuring Kenneth Labelle, Burns & Wilcox Brokerage, Derek Kilmer, Burns & Wilcox, and Michael Drummond, Head of Cyber & Tech E&O, At-Bay. Hosted by Andy Wood, Burns & Wilcox.

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