The Source for Cyber Insurance News, Insights and Data
Investors continue to back insurtech companies focused on cyber. Forgepoint Capital did this round. “‘Surefire Cyber’s goal is to work with our clients and partners to swiftly manage a cyber incident and then bring forward capabilities to help them become more cyber resilient. Our delivery of end-to-end digital forensics and incident response capabilities is built … Read more
“Drawing on SpyCloud’s database of over 200 billion recaptured assets, researchers identified over 687 million exposed credentials and PII tied to Fortune 1000 employees, a 26% increase from last year’s analysis. Analysis of this data showed a 64% password reuse rate, widespread use of easy-to-guess passwords, and a spike in malware-infected devices…” Source: SpyCloud … Read more
“When we identify downtime, we pay out for the customer immediately. Any loss is covered. Unlike traditional insurance where you have to file a claim, in this case, there’s no claim process,” she (co-founder/CTO Neta Rozy) said. Source: Parametrix cloud downtime insurance business is growing – Protocol
“Developed in collaboration with (Periculus and) TIP National, the offering allows small and medium-sized businesses to instantly request a quote, purchase, and manage a cyber insurance policy customized to meet the needs of the business.” Source: Periculus, TIP National partner in new cyber insurance offering | Insurance Business America
“Coalition continues to expand its capacity relationships and cyber insurance business in a market that is highly dynamic. Coalition year-over-year revenue grew by more than 400% in 2021 as the company scaled to serve 140,000+ customers. Coalition’s run rate GWP (gross written premium) now exceeds $650 million, as the company achieves high growth at scale.” … Read more