The Source for Cyber Insurance News, Insights and Data
“’Threat actors have moved to engaging in double extortion, meaning that the hackers would threaten to release private information if the organization doesn’t pay,’ said Angela Feudo (pictured below), manager, professional solutions, Trisura Guarantee Insurance Company. ‘Threat actors are also using distribution denial of service [“DDoS”] attacks as well on their victims to put pressure … Read more
“One of the numerous requirements is for organizations to implement and run a PAM (Privileged Access Management) tool that will continuously scan access, provides Just In Time Access (JITA), and delivers protection when credentials are compromised.” CynergisTek (CTEK), a leading cybersecurity firm helping organizations in highly regulated industries navigate emerging security and privacy issues, announces … Read more
“One broker noted that ‘the insurance industry has done a really poor job on educating brokers and, more importantly, clients about how important cyber coverage is, how great the risk is, and how comprehensive the coverage can be if properly placed.’ Another responded that the industry also needs to be ‘educating non-tech businesses on their … Read more
“In his new role, Raf will direct global risk management and incident response functions, playing a pivotal role in Beazley’s Cyber Ecosystem. With a focus on giving clients the power, autonomy, knowledge and desire to proactively manage down their cyber exposure by investing in and building out their cyber resilience.” Source: Beazley announces new Global … Read more
“The cyber program is part of a multiyear underwriting capacity partnership in which SiriusPoint has invested in Corvus to support existing and future commercial insurance coverages, according to the statement.” Corvus Insurance Holdings Inc. and Bermuda-based insurer and reinsurer SiriusPoint Ltd. on Wednesday said they have partnered to offer a cyber insurance program with up … Read more