The Source for Cyber Insurance News, Insights and Data
Knowledge Drives Better Protection – That’s the focus behind DynaRisk’s $4.7 million investment round, led by YFM Equity Partners. The London-based cyber risk firm will utilize the funds to accelerate its global expansion and expedite the development of its cybersecurity technology for insurers. Backing Innovation in Cyber Risk Tools Founded in 2016 by former banking … Read more
Government and Enterprise Cybersecurity Spending Fuels Tech Industry Growth Technology companies are seeing new revenue streams thanks to rising cybersecurity spending across both commercial and government sectors. Fitch Ratings reported that the uptick follows several high-profile cyberattacks. Recent incidents in the European retail sector pushed businesses to take security more seriously. Other industries, such as … Read more
Lloyd’s has made a strategic investment in cyber technology firm BreachBits through its central innovation fund. This marks the third investment from Lloyd’s Lab alumni, following BreachBits’ participation in the accelerator’s 13th cohort. BreachBits, founded by former US cyber warfare professionals, developed two automated tools aimed at enhancing cyber insurance efficiency. Lloyd’s market participants helped … Read more
According to S&P’s Cyber Risk Insights: Cyber Catastrophe Bonds Offer Greater Scope for Risk Mitigation, the cyber ILS market is poised for significant expansion. With rising demand for cyber insurance, interest in cyber insurance-linked securities (ILS) is growing. However, challenges such as policy standardization, investor education, and complex risk modeling may slow its progress. Cyber … Read more
A new report from IANS Research and Artico Search highlights growing dissatisfaction with compensation among cybersecurity professionals, with more than 60% considering a job change in the next year. A little research on the job market found a few recent surveys, and this rate is nearly double the national average of U.S. workers contemplating a … Read more