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“(T)he biggest risk hasn’t yet materialized: a cyberattack against a company or information services system so important to an economy, or to society as a whole, that it reaches systemic…
Read More “Cyber Insurers Try to Plan for “Catastrophic Events:” WSJ” »
This report provides useful information on holiday DDOS attacks, including the specter of combined attacks that use DDOS as a diversion while launching more serious hacks. But another lump of…
“There has been a huge increase in the number of insurers that specifically exclude cyber events that affect digital building systems, such as HVAC, lighting, elevator, parking, and access control,…
Read More “Smart-Building Landlords Not So Smart About Cyber Insurance? ” »
A key one is increasing awareness, and acceptance, by companies that they cyber insurance… “‘There really was a lot of questioning in years past of, is this a necessary product?…
Read More “There Are Cyber Insurance Trends to be Thankful for this Holiday Weekend: Law360” »
Problem is that insurers have been trying to avoid payments for “acts of war,” leading to high-profile court cases, including one in which Zurich settled a claim involving a Russian-linked…
Concierge Cyber offers pre-arranged incident response services to small and medium businesses (along with some “pre-loss” security services, such as training). Given the imperative for companies to react rapidly to…
Read More “It’s Called the “Roadside Assistance” of Cyber Security for SMBs” »
The new deadline to comment on the issue is December 14th. “Pursuant to a recommendation from the Government Accountability Office, under direction from Congress to investigate the question, the agencies…
Eye Security, a subscription-based cybersecurity and insurtech company, lands $17m+ round led by Bessemer Venture Partners. Partner Alex Ferrera notes on Twitter: “We’re betting cyber insurance + XDR (Extended Detection…
Australia’s Home Affairs Minister said the government is considering just such a move, following a dramatic ransomware attack (where the victim did not pay ransomware and had no cyber insurance). …
Premiums are growing less dramatically as the market adjusts to the increase in ransomware attacks and claims. This includes demands by carriers for clients to demonstrate strong security controls and…
Read More “Cyber Insurance Market Stabilizing, Reports Wall Street Journal ” »