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Interesting report about whether legal malpractice insurance covers lawyers when scammers trick them into sending their clients’ payments for real estate into phony accounts. “Of course, not all legal malpractice…
“’One of the things we hypothesized right from the start was that cyber is going to be the most capital-constrained and most expertise-constrained class of business in the market. And…
From the Cowbell release: “Participation in this initiative demonstrates that Cowbell has deep expertise in serving SME customers with cyber insurance coverage tailored to their unique needs. As an AWS…
Read More “AWS Moves Deeper Into Cyber Insurance-related Services, Adding Cowbell” »
An example from broker Conner Strong & Buckelew: “A key thing to convince the insurance companies to get onboard was having a large retention… We decided to implement a large…
Read More “Joint (Cyber) Insurance Funds (JIFs) For Public Sector Enterprises” »
“While an insurance company may pay a ransom to get file decryption keys, ‘they won’t pay an extortion fee,’ Wisniewski said. ‘The conventional wisdom of insurers has been, ‘I’m buying…
“Lastly, it is worth addressing that aside from larger companies and a few smaller businesses that recognize the importance of having cyber liability insurance, most operations are still declining this…
Read More “Cannabis Companies Not High on Cyber Insurance ” »
The report includes a description of the nightmare Laboratory Corporation of America endured after one of its vendors was hacked. You’ve likely heard some of these tips on how to…
Read More “How to Avoid Being on the Hook for Your Vendors’ Inadequate Cybersecurity ” »
Xinhua, a state media outlet, reports the “guideline” comes from the Ministry of Industry and Information Technology and the National Financial Regulatory Administration. “The country will further improve the supporting…
Read More “China Releases Plan for Cyber Insurance Development” »
Nexus picks up app. 3,000 broking partners. “Nexus notes that this acquisition significantly expands both its cyber insurance capabilities and market reach. It’s hoped that Evolve’s strong distribution network and…
Read More “Nexus Completes Acquisition of Evolve Cyber Insurance as Industry Players Seek Scale ” »
The White House has now released its National Cybersecurity Strategy Implementation Plan to outline next steps for the strategy it first released in March. Read the update here. The update…