Are Ransomware Gangs Trustworthy?
Cyber Insurance News has wondered how often ransomware gangs — groups of criminals often supported by hostile foreign powers — can be trusted. We asked Jennifer Coughlin of Mullen Coughlin,…
“Irresponsible Underwriting” Arises in Cyber Insurance Market As Capacity Increases & Premium Growth Moderates: Risk Placement Services
Risk Placement Services (RPS), a national brokerage, calls itself “brokers in bold.” It recently presented its quarterly cyber update, including a report and presentations by RPS’ Steve Robinson, national cyber…
Cowbell Integrates with Cloudflare
Cowbell will acquire data from Cloudflare, a provider of anti-DDOS and other security solutions to a wide range of customers. The integration will allow Cowbell to improve risk modeling and…
Mosaic Lands New Cyber Head from Axis
David Drogin becomes senior vice president and head of US cyber. Recruiting capable cyber executives remains a priority for cybersecurity insurance companies as the sector continues its rapid growth. Mosaic said…
Zurich Acquires Cyber Risk Company; Another Example of the Fusing of Cyber Insurance & Cyber Tech
Zurich buys SpearTip to bolster its cyber risk and mitigation services to customers. “‘Both Zurich Resilience Solutions and SpearTip share a commitment to helping businesses anticipate and prevent cyber threats…
Cyber Security Insurance Industry Moves (Carefully) Toward AI
No doubt the major insurtech players (and, of course, the hackers) have a good start on leveraging AI for their business challenges. This report covers some of the areas AI…
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Think Your CISO is Ready to Run an Incident Response Plan? Think Again, Says Coalition
“‘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…
AWS Cyber Insurance Program Demonstrates Growing Fusion of Security Tech & Insurance
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…
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Howden Provides a Single Policy to Cover Three Nightmares of Cyber Attacks
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…
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SEC Reveals Its Cyber Reporting Rule, Scrambling and Confusion Sure to Follow
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…
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