The Source for Cyber Insurance News, Insights and Data
Cowbell has entered the Australian cyber insurance market, rolling out a new standalone policy for small and mid-sized businesses on Zurich Australian Insurance Ltd’s paper. The company said its Prime One programme targets SMEs with annual turnover of up to A$100 million. Cowbell will use its AI-driven underwriting platform and in-house claims capabilities. At the … Read more
Independent Financial Advisors (IFAs) work with sensitive information like bank data, pension details, and investment records every day. This makes them a target for fraud and ransomware attacks. AI will only accelerate the risk. If a breach happens, it can lead to client notifications, regulatory investigations, and expensive business disruptions. Cyber insurance helps IFAs cover … Read more
Arctic Wolf said Chubb selected it as a preferred Managed Detection and Response provider. The offer targets cyber insurance policyholders with more than 100 employees. The companies said the goal is lower incident frequency and smaller loss impact for each cyber insurance policyholder. “Being selected by Chubb as a preferred MDR provider is powerful validation … Read more
Data leaks. Third Party Risk. Unauthorized access. Insurance companies spend real money on cyber controls. Then they hand the keys to a cheap “offshore” vendor model that cannot stop someone from snapping a photo of a customer’s Social Security number. Data exposure. That is the warning from Norm Hudson, an insurance operations executive who founded … Read more
You grab your phone, open the app, and start a support chat to ask about a company warranty. The bot quickly replies and promises free replacements for three years. Sales teams might be happy as customers dive in based on the promise of great coverage. But the finance finds this promise in thousands of chat … Read more