The Source for Cyber Insurance News, Insights and Data
Mark Sauter “(T)he new year will continue to reveal the consequences of the 2021 acceleration of business digitization, with an explosion of incidents related to the software supply chain. This will drive demand and innovation in the cybersecurity market along with the need for refined coverages and a more thorough assessment of cyber risk for insurance purposes.” … Read more
“Nearly 60% of cannabis businesses say they haven’t taken the necessary steps to prevent cyberattack, but the winds are changing…” Source: 2022 Cannabis Industry Outlook: Your Business’ Future Depends on its Risk Management – Cannabis Industry Journal
“Attestations will become a thing of the past, and policy holders will need to prove, with proper documentation, that the controls they say are in place are truly there. The burden of proof will be on the entity, not the insurance company, to prove the controls in the policy were being followed prior to a … Read more
Also says company has been able to reduce number of ransomware claims seven fold. Source: “Half of our DNA is cyber security” – CEO | Insurance Business America
ActZero (which raised $40m in March) offers an MDR (managed detection and response) platform that “combines antivirus protection, endpoint detection and response. Measured Analytics and Insurance(‘s)…standalone cyber insurance product, CyberGuard, backed by Lloyd’s syndicates, is targeted at businesses with up to $500 million in revenue, and is available in all 50 states.” The partnership reflects … Read more