The Source for Cyber Insurance News, Insights and Data
Premiums are growing less dramatically as the market adjusts to the increase in ransomware attacks and claims. This includes demands by carriers for clients to demonstrate strong security controls and monitoring. “With higher payouts by insurers came premiums rising at steeper rates. ‘It was kind of nasty there for a little bit,’ said Robert Parisi, … Read more
In our opinion, the report’s authors are diplomatic in their summary: “The K-12 community displayed an overall average maturity score of 3.55 on the 2021 NCSR’s 1 through 7 maturity scale. Results from the Nationwide Cybersecurity Review (NCSR) risk-based assessment have shown the K-12 sector is improving in its cybersecurity capabilities over time, though the … Read more
Australian health insurance provider Medibank Private Ltd. refused to pay ransom. Now hackers are releasing records from some of the app. 10 million customers whose data was compromised. “Following through on a threat, the hackers began publishing the most private medical details of some of Medibank’s customers, including terminated pregnancies, treatment for drug and alcohol … Read more
Financial terms of the transaction were not released. Boxx appears to have wanted the target’s cybersecurity talent as well as the company & its IP. Templarbits CEO/co-founder will head up Boxx’s new R&D effort. “…BOXX has announced the acquisition of Templarbit and the creation of a new R&D Division to deliver effective … Read more
The growing legal and technical complexities of cyber insurance policies might be addressed by a simpler process. “’In this respect, we see an interesting trend that we definitely follow and promote, [and that is] a parametric approach. Since many of the cyber events are really black and white, I think a clear claim settlement process … Read more