The Source for Cyber Insurance News, Insights and Data
“A cancer patient filed the lawsuit as an anonymous plaintiff, referred to as Jane Doe in the lawsuit, after [Lehigh Valley Health Network in Allentown, Pa.’s] chief compliance officer informed her by phone that photos of her naked during her treatment were online, the lawsuit said. Jane Doe said she wasn’t aware the photos were … Read more
SecurityWeek‘s interesting report covers the pros/cons of the cyber insurance backstop the Biden Admin seems to be advancing. The benefits to the industry of having the government cover fall-out from a systemic and/or war-related cyber event appear clear. But there are potential downsides. “The purpose of a backstop would be to make cyberinsurance more widely … Read more
Tax, audit and advisory firm Grant Thornton has ideas. “Some sort of shared access, as opposed to aggregated purchasing, may gain some of the advantages without triggering these issues (challenges in portfolio-wide cyber insurance requirements and purchasing.) Another promising approach would be for PE firms to create financial incentives, possibly funded by a shared pool, … Read more
Summarized from the press release: Sophos has joined forces with Cowbell to provide small and medium-sized enterprises (SMEs) with an easier way to access cyber insurance. The partnership allows Sophos customers to share their security health information with Cowbell, streamlining the insurer’s risk assessment process and enabling assessors to evaluate defenses against requirements for insurance … 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