The Source for Cyber Insurance News, Insights and Data
“’So I think we should have reference standards appropriate for SMEs that would be a real target for them to know what they should do to implement cybersecurity. If we do that, then insurers will also be happier to insure them. So we would have better cyber protection and cyber risk management across Europe,’ said … Read more
“’The investigation has concluded that no evidence of any compromise was found and as such Lloyd’s has been advised that its network services can now be restored,’ a Lloyd’s spokesperson said in an emailed statement to Cybersecurity Dive.” Lloyd’s had blocked external connections to its network, which was also taken offline after the organization detected … Read more
Resilience CEO Mario Vitale recounts how his company found a vulnerability in the system of a client…and the client was still procrastinating about fixing the problem when the policy’s renewal date arrived. Techmonitor reports what happened next: “At first, Resilience refused to offer the company coverage – until their broker suggested a compromise. If you … Read more
Fintech VC Canapi Ventures led the round in Elpha, which claims to be the first cyber insurance startup “to combine proprietary cybersecurity software with coverage to improve risk transfer.” Fused cybersecurity/insurance platforms continue to appear, but Elpha is apparently differentiated enough for its well-known pre-A investors to join the round. According to the company, they’re: … Read more
From the Dept. of Treasury — SUMMARY: Over the past several years, the Federal Insurance Office (FIO) in the U.S. Department of the Treasury (Treasury) has continued its ongoing efforts with regard to both cyber insurance and insurer cybersecurity. Cyber insurance is a significant risk transfer mechanism, and the insurance industry has an important role … Read more