The Source for Cyber Insurance News, Insights and Data
AWS will now share security data of companies it serves when they request to be connected with cyber insurance brokers and insurers. The members of this ecosystem predict it will cut the time to obtain cyber liability insurance from weeks to days and potentially offer discounts of up to 15%. “Through AWS’s Cyber Insurance Competency … Read more
“Cyber Risk Accumulation: Fully Tackling the Insurability Challenge’” is a useful new report from The Geneva Association (GA), “a global association of insurance and reinsurance CEOs and think tank for the insurance industry.” See information on the report here. We found a number of the report’s findings valuable, including the role and recent history of … Read more
The Securities and Exchange Commission (SEC) has sued SolarWinds Corporation, the software company, and its chief information security officer, Timothy G. Brown, for fraud and internal control failures in relation to the company’s major hack in 2020, reportedly conducted by Russian intelligence. “The complaint seeks permanent injunctive relief, disgorgement with prejudgment interest, civil penalties, and an … Read more
The world’s largest public P&C insurance company, ticker “CB,” will enable $its 100m+ revenue clients to share cyber risk information via SentinelOne’s protection and response software. This is another example of insurers teaming with pure-play cybersecurity providers to increase the security of policy holders and improve underwriting and response. “‘The incorporation of SentinelOne’s endpoint protection … Read more
The dawn of SEC-required cyber disclosures seems sure to increase litigation, as we’ve reported. Could the kind of cyber risk management now required by most cyber liability insurers provide some protection from the plaintiff’s bar? Liberty Mutual thinks so. “Cyber risk management strategies can help mitigate the likelihood of falling victim to an attack; but … Read more