The Source for Cyber Insurance News, Insights and Data
AXA XL has announced a new partnership with cybersecurity firm Darkweb IQ to strengthen cyber protection for its global cyber insurance clients. This collaboration provides AXA XL clients access to Darkweb IQ’s services at preferential rates. Strengthening Cybersecurity Measures Tim Smit, AXA XL’s Global Head of Cyber Risk Strategies and Partnership Programs, emphasized the importance … Read more
In a world where artificial intelligence has stepped out of sci-fi films and into reality, BforeAI is making waves with its PreCrime™ platform, which sounds like something straight out of Minority Report. But unlike Hollywood’s imagined future, this AI isn’t predicting personal misdeeds—it’s proactively stopping cyberattacks before they occur. Titanium Ventures has led a $10 … Read more
You needn’t go far to find market projections of dramatic growth for the cyber insurance industry, such as this recent estimate of 22.60%CAGR from 2022 to 2030. Not so fast (pun intended) says Swiss Re in its new report “Reality Check on the Future of the Cyber Insurance Market,” which predicts growth of “just” 8% … Read more
Tidal Cyber, a Washington, D.C.-based company specializing in Threat-Informed Defense, announced that it has received investments from USAA and Capital One Ventures. USAA provides insurance, banking, investment, and retirement solutions for U.S. military members, veterans, and their families. Capital One Ventures invests in data, technology, and financial services startups. The investments aim to support enhancements … Read more
Four companies have settled charges by the Securities and Exchange Commission (SEC) that they made “materially misleading disclosures” after being breached in 2020 by the SolarWinds’ Orion software hack (US public companies have been required to disclose material cyber events since last year, see this.) But two of five SEC commissioners dissented on the charges, … Read more