The Source for Cyber Insurance News, Insights and Data
“‘CISOs think when an event comes, they know exactly what to do. But I would say the majority don’t,’ (Catherine Lyle, head of claims at Coalition) said. ‘Having tabletop exercises and incident response plans are important, and they don’t have to be super intense. Just know who you have to call when something’s gone wrong. … Read more
Interesting overview of the AWS Cyber Insurance Program. The program is part of a trend to link automated security assessments and mitigation to insurance. AWS focuses on companies that already use its services and can be easily connected to insurance providers. But the program is more than a sales channel for insurers. They can also … Read more
Howden, a global insurance broker, has launched a new product that brings together professional indemnity (PI), crime and cyber liability into one policy. The new product, called Howden ProSecure, is designed to save businesses money and improve efficiency by reducing the need to manage multiple policies. PI insurance protects businesses against claims made against them … Read more
The U.S. Securities and Exchange Commission (SEC) has issued its new cybersecurity rule, which aims to enhance transparency and accountability in managing cyber risks. The rule requires businesses to promptly report any material cyber breaches within four business days. Additionally, companies are obligated to disclose their processes for managing cybersecurity risks. The SEC asserts this … Read more
The round adds to $225 million already raised by the company. The round was led by Intact Ventures, an affiliate of Resilience’s primary capacity provider, with participation by Lightspeed Venture Partners, General Catalyst and Founders Fund. “’Securing a digital world at enterprise scale requires fundamental behavior change,’ said Arif Janmohamed, Partner at Lightspeed Venture Partners, … Read more