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“Jen Easterly, director of the Cybersecurity and Infrastructure Security Agency, known as CISA, told the House Homeland Security Committee Wednesday that ‘ransomware has become a scourge on nearly every facet…
Read More “Ransomware Threatens the “American Way of Life:” Biden Admin Official ” »
“James Burns, head of cyber underwriting at CFC, says that ransomware has ‘solely transformed’ the cyber market owing to the “astronomical increases” in the extortion amounts demanded in attacks over…
“The majority of insurance applications submitted through APIs today still result in inaccurate quotes. This triggers the need for manual underwriting and unnecessary delays. Insurance agents and brokers need speed…
What we have here is a failure to communicate… “The challenge here is two-fold. Insurers make underwriting decisions based on technologies they don’t fully understand, while applicants don’t fully understand…
Read More “Top Reasons Cyber Insurers Decline Coverage: Insurun” »
“The appointment follows the recent announcement by BOXX of its global partnership with Zurich Insurance, which Steptoe will manage along with other customer relationships in Europe.” Source: Toronto-Based Cyber Insurer BOXX Insurance Appoints Dominic…
Read More “Dominic Steptoe Joins BOXX Insurance as Global Chief Product Officer ” »
“AXA XL has promoted Danielle Roth as practice leader and head of Cyber Claims, North America. Roth is responsible for claims strategy and best practices including coverages analysis, claims investigations,…
And it turned out the bidder was not even admitted to do business in Texas… “‘They were only able to find one company that would insure us on cyber liability…
Read More “Texas County Can Only Find One Bid for Its Cyber Insurance ” »
As more and more enterprises back up their data to protect it from being encrypted (and thereby made inaccessible) by ransomware attacks, criminals are now moving to steal the data…
Read More “Increase in Back-Ups Leading Ransomware Attackers to Exortion Rather Than Just Denial ” »
“Social influencers want attention, but not from cyber criminals,’ said James Hajjar, assistant vice president for HSB, part of Munich Re. ‘Hackers and other digital predators target social media. We’re…
Read More “Social Media Influencers Can Now Get Cyber Insurance from HSB” »
“The center will be headed by Managing Director Scott Stransky, a cyber risk and catastrophe modeler. Stransky joined Marsh McLennan earlier this year after more than a decade at AIR…