The Source for Cyber Insurance News, Insights and Data
“Built on Coalition’s proprietary data collection platform and knowledge graph, which captures 48 trillion monthly events, the Active Cyber Risk Model offers a more accurate picture of cyber risk for organizations and the broader economy. In a simulation modeled against a sampling of 5,000 American companies, Coalition found that a one-in-250-year cyber event could cost … Read more
Maryland’s Atlantic General Hospital was hit at the end of January by a ransomware attack that disrupted operations, but did not penetrate electronic health records, which had a separate host, the hospital’s CEO reported. “’We will survive this,’ (Don Owrey, president and CEO) said. ‘It’s been incredibly disruptive to our business operations, as you can … Read more
Huntress Labs, and MSP, had the survey conducted. It involved 256 “mid-sized businesses” with app. 250-2,000 employees each. “Carrying cyber insurance coverage was a key issue for respondents. While 69% of respondents are required to carry some form of cyber insurance, 35% find it extremely difficult to obtain coverage…27% have no insurance coverage at all.” … Read more
“From mastering complex quests in mythical lands to outmaneuvering opponents in virtual battlefields, gaming has captured the hearts of millions worldwide. But what happens when a gamer’s account is compromised by a cyberattack and valuable digital assets are stolen? Waffle, an all-in-one consumer InsurTech solution, and BlinkSM by Chubb®, a growing suite of Chubb-backed digital … Read more
Yes, says a senior Alphabet executive. [Paywall may apply] “Some carriers, wary of the claims they could face if providers suffer a sustained outage due to a hack, have started to exclude or limit coverage for cloud companies, said Monica Shokrai, head of business risk and insurance for Alphabet Inc.’s Google Cloud unit. The move … Read more