The Source for Cyber Insurance News, Insights and Data
“Jen Easterly, director of the Cybersecurity and Infrastructure Security Agency, known as CISA, told the House Homeland Security Committee Wednesday that ‘ransomware has become a scourge on nearly every facet of our lives, and it’s a prime example of the vulnerabilities that are emerging as our digital and our physical infrastructure increasingly converge.’” Source: ‘American … Read more
What we have here is a failure to communicate… “The challenge here is two-fold. Insurers make underwriting decisions based on technologies they don’t fully understand, while applicants don’t fully understand cybersecurity frameworks.” Source: Top Reasons Insurers Decline Cyber Insurance
“Amazon’s foray into UK business insurance with Superscript follows US insurtech firm Next Insurance’s announcement back in March that it would be offering insurance to US small businesses via Amazon Prime.” Amazon has partnered with Superscript to start offering insurance to small and medium-sized businesses in the UK, with companies soon able to order cyber … Read more
“‘Progressive versions of workers’ comp have led to improved employee health and safety measures and proactive prevention efforts to reduce the risk of workplace injuries,’ Kundi said. ‘Similarly, as we better understand cyber risk, better data will show the connection between risk mitigation and cyber losses, pressuring companies to invest in security and protection.’” … Read more
“The Biden administration hopes that their new informal group, which they’re calling the Counter-Ransomware Initiative, will bolster their diplomatic push that has included direct talks with Russia as well as the NATO alliance and Group of Seven (G7) wealthy nations.” Source: White House Plans 30-Country Meeting to Combat Ransomware and Cyber Crime