The Source for Cyber Insurance News, Insights and Data
CyberCube’s recent study on cyber catastrophe bonds sheds light on the diversification opportunities within this evolving asset class. The firm’s analysis is of four 144A cyber catastrophe bonds issued in the fourth quarter of 2023. This brought in $415 million of new capital, which is detailed in their white paper, “Digital Ties and Natural Divides: … Read more
In a move to fortify its cyber defense capabilities, Resilience, a cyber risk management firm, has acquired BreachQuest, the incident response specialist. The acquisition was announced this week. It marks a significant step in enhancing the company’s ability to combat the growing threat of Business Email Compromise (BEC) attacks. These attacks have increasingly troubled the … Read more
There are plenty of tech companies that provide cybersecurity platforms to MSPs and a number of cyber liability insurance providers who work with MSPs. Guardz is combing the two services. “Guardz’s comprehensive cybersecurity protection enables MSPs to offer their clients cyber insurance, which was previously inaccessible due to a lack of cybersecurity controls, generating an … Read more
Protos Labs, a Singapore-based cyber risk management company, announced today that it has raised $3 million in seed funding. The company plans to use the funds to accelerate its global expansion and product development as it works to revolutionize the cyber insurance and risk management landscape. The cyber risk landscape is constantly evolving, making it … Read more
In a feat of fundraising, Shield Capital proudly announced the successful conclusion of its inaugural venture capital fund. The Shield Capital Fund I, L.P., is a venture capital initiative primarily targeting early-stage investments in artificial intelligence, autonomy, cybersecurity, and space. Notably, this $186 million in capital commitments exceeded its initial target by a substantial 55%, … Read more