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“Computers specially configured (by Coalition) to make cyber criminals think they were small businesses operating in London were attacked by hackers over 2,000 times every minute this January.” Most attacks…
Read More “Coalition Honeypots Attract Hacker Killer Bees ” »
The company’s 2022 results showed a 48% drop in “profit before taxes,” which it attributed to investment challenges. But cyber continues to grow. “Cyber Risks continued to see strong rate…
Expenses caused by increasingly aggressive government regulators… “With regulators such as the FTC increasing cybersecurity enforcement, regulatory defense coverage is increasingly important. Enforcement actions can result from security failures to…
Read More “One More Coverage Gap for Buyers of Cyber Insurance to Worry About ” »
Recently-launched Trium Cyber reports being the first Lloyd’s-approved provider of mono-line cyber coverage for U.S. risks, with the ability to write up to $50 million in gross premiums this year….
Marsh notes global cyber pricing rose 28% in Q42022, slowing compared to 53% the prior quarter. But rates and volatility remain high enough to keep providing tailwinds for captive structures,…
Read More “Marsh Bullish on Cyber Captives Despite Moderating Cyber Insurance Prices” »
From a press release from Shelley Moore Capito (R-WV) on the proposed “Insure Cybersecurity Act:” “A new bill by Sens. John Hickenlooper (D-CO) and Shelley Moore Capito (R-WV) would establish…
Criminals have been using HardBit ransomware since last fall. Now the hackers are making an unusual, and outrageous, demand on their targets. “The hackers tell victims to anonymously provide them…
Read More “Crooks Trying to Calibrate Their Ransoms to Cyber Insurance Limits” »
“CyberSmart currently has 4,000 customers in the U.K., with 1,800 of them also taking the company’s insurance policies as well…” Management says the round was oversubscribed. Participants include European SaaS…
Read More “CyberSmart Completes $15M B-Round; Provides Insurance/Security Platform for SMBs ” »
“Increasing complexity within the cyber insurance market is raising questions over its viability as a business investment. Here are 7 reasons why an organization may be advised to avoid or…
“This paper makes the compelling case for cyber ILS, having addressed the common objections. The massive opportunities which arise from the continued demand for cyber (re)insurance will only be further…
Read More “The Bull’s Case for Cyber Reinsurance from Lockton Re” »