The Source for Cyber Insurance News, Insights and Data
The fusion of cyber insurance with security services is a key trend in the industry, designed to help policy holders achieve and then maintain — after the policy has been purchased — adequate security in the face of ubiquitous and constantly updated cyber threats. Unfortunately, cyber insurance bunding of policies with security services is being … Read more
Not long ago we reported on the threat from quishing and brushing. Now the IRS and Microsoft are advising consumers and accountancies about cyber scams linked to tax returns, including “smishing.” What are smishing cyber scams? Read on for a smishing definition. Microsoft Warns of Phishing Attacks Earlier this month Microsoft alerted cyber security professionals … Read more
Marsh Unveils CyberShore Bermuda Cyber Insurance Facility Marsh has launched CyberShore Bermuda, a new cyber insurance facility offering $30 million in excess Bermuda capacity. The facility targets coverage layers above $75 million. It provides follow-form excess coverage that aligns with existing cyber insurance programs. Claims Enhancement Streamlines Process A standout feature is the claims enhancement. … Read more
Coalition Unveils Risky Tech Ranking Cyber insurer Coalition has released its first Risky Tech Ranking, identifying technology providers whose products were most vulnerable to cyber threats. The ranking is designed to help companies make safer technology choices, reduce vendor risk, and improve their cybersecurity resilience. Ranking Methodology Coalition used public data and its proprietary Coalition … Read more
“We’ve come a long way in our journey from the first ever cyber cat bonds, which were private, we’ve now got three 144A cat (catastrophe) bonds out there covering the cyber risks,” said Richard Gray, Head of Third-Party Capital at Beazley in this report from Artemis, a provider of information on insurance catastrophe bonds and … Read more