Cyber insurers expand beyond underwriting as AI and cloud risks grow
Original title: Cyber Insurance's New Reality: Underwriting Isn't Enough
Carriers such as Cowbell say historical ransomware claims data cannot keep pace with AI-aided phishing and stolen cloud keys.
Dark Reading reports that cyber insurers are tightening posture requirements and taking a more active role in defense as threats change. Policies now commonly cover incident response, business interruption, legal costs and, in some cases, ransomware payments. Cowbell vice president Thomas Pytel says underwriting must look at identity verification, payment authorization and how a business uses AI. The visible text is cut off before any further findings.
Unconfirmed: The article is truncated and states no quantified loss figures or confirmed incidents.
- Named carriers include Coalition, Chubb, AXA XL, Cowbell and Resilience.
- Pytel says AI changes the speed, scale and credibility of phishing and impersonation.
- The article links cloud consolidation to damage from one stolen credential or API key.
- Organizations
- CowbellCoalitionChubbAXA XLResilience
Indicators of compromise
auto-extracted · verify before use · export allAll| Type | Indicator | Context |
|---|---|---|
| md5 | 0976de79337ac3812bd4e8604cb04c0d | er-ransomware-activity#recipe=similar-items&sourcecontentid=0976de79337ac3812bd4e8604cb04c0d) US Cyber Pros Plead Guilty Over BlackCat Ransomware Activ |
| md5 | 3de05debc69bdf840acf3ce3c6457ee8 | e-getting-more-violent#recipe=similar-items&sourcecontentid=3de05debc69bdf840acf3ce3c6457ee8) How Can CISOs Respond to Ransomware Getting More Violent? |
| md5 | 842bd5a84d1f4b7738c164d8542426b4 | mminent-threat-act-now#recipe=similar-items&sourcecontentid=842bd5a84d1f4b7738c164d8542426b4) Microsoft Exchange 'Under Imminent Threat,' Act Now by Ar |
| md5 | dd763fcf1c8714815d52f82a2a0d8a90 | cyber-strategy-changes#recipe=similar-items&sourcecontentid=dd763fcf1c8714815d52f82a2a0d8a90) Switching to Offense: US Makes Cyber Strategy Changes by |
From the original article
9 min read at darkreading.com
Rising AI, social engineering, and cloud risks are pushing carriers beyond risk transfer and deeper into cybersecurity itself.
By Alexander Culafi · darkreading.com
A short excerpt; the article and its images belong to the publisher. Summary, key facts and assessment above are AI-written from the article and can be wrong.