Cyber Insurers Grapple with AI Deepfakes
Bad actors are sure to harness AI for a range of attacks, including some we cannot even envision today. Meantime, fraudulent instruction scams appear to be increasing. “In early June,…
It’s Tough to Make Predictions Concerning the Cyber Insurance Market — Especially About the Future
We’re sorry to paraphrase Yogi Berra about predictions, but he’s right. According to the report, the first cyber policy was offered by AIG in 1997. “’It’s going somewhere, what we…
Use Our Security Technology and Reduce Your Self-insured Claim Retention by 25%: Corvus
“’Corvus is the trusted, long-term cyber risk partner for our policyholders. We are constantly monitoring emerging threats and using the signals and data we have to recommend actionable measures to…
AWS’ New Cyber Insurance Program: Some Useful Insights
See the AWS insurance site here. “Amazon Web Services is diving headfirst into the cyber insurance industry by launching a new program that guarantees customers a security insurance quote within…
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$190 million C-Round for Blackpoint Cyber; Company’s Services Include Integrated Tech/Cyber Insurance Product
The round was led by major industry investor Bain Capital Tech Opportunities and included Accel. They were joined existing investors including Adelphi Capital Partners, Telecom Ventures, Pelican Ventures and WP…
Hackers Get Trickier as Companies & Cyber Insurers Improve Their Defenses
“That’s where tactics like double extortion come in. With double extortion, a cybercriminal might ask for a ransom before they provide a decryption key while also threatening to leak sensitive…
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Corvus Touts Unified Risk Prevention Solution, Reports It Reduces Breaches by Up to 20%
“…Corvus Signal™, the risk prevention solution that brings together brokers, policyholders, and Corvus security experts in partnership. Corvus Signal has been shown to reduce cyber breach frequency and cost by…
Cyber Claims & Ransomware’s Share Dropped in 2022: Coalition’s 2023 Cyber Claims Report
“(O)verall claims frequency decreased by 22% year-over-year. Furthermore, Coalition policyholders experienced 64% fewer claims than the broader cyber market1, with 47% of reported events handled with no cost to the…
Mosaic: We’re Going Global with Primary Cyber Insurance
“Mosaic has announced it will be underwriting primary cyber insurance globally, offering US$20 million in capacity across its network of underwriting hubs…Yosha DeLong, global head of cyber at Mosaic, says:…
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Everybody Using its Risk Solution Avoided Paying Ransoms in 2022: Resilience
Reported the company: “Over the last two years, the Resilience model has proven that by building a holistic approach to managing this risk, organisational security is increased dramatically. 100% of…
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