The Source for Cyber Insurance News, Insights and Data
Mark Sauter “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
Reported elsewhere: “The captive, domiciled in Hawaii, will provide capacity in addition to its current long-term capacity agreements from carriers including Swiss Re and Arch Insurance.” The insuretech company continues to scale at a rapid pace. “Coalition has delivered superior claims results amidst significant growth as it crosses $400M in run rate premium, an 800% … Read more