The Source for Cyber Insurance News, Insights and Data
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
Blackpanda, a Singaporean company providing cyber emergency response services for businesses, has secured a substantial boost with a US$6.7 million strategic investment round co-led by Singtel Innov8 and Gaw Capital Partners, alongside WI Harper Group. This funding aims to propel Blackpanda’s expansion throughout Asia while enhancing its flagship “IR-1” cybersecurity solution. The investment, which brings … Read more
Inscora, a Montreal-based startup specializing in automated cyber risk assessment and sales enablement for cyber insurance brokers, has secured $2 million in funding. The investment round was spearheaded by Luge Capital, with contributions from Desjardins Capital, Accelia Capital, Inovia Capital, and prominent angel investors from the cybersecurity sector. Co-founded by cybersecurity veterans Gabriel Tremblay, Pierre-David … Read more
Cyber cat bonds issued over the last year are trading above par, “(a)n indication that these bonds are sought after in the secondary market and have not seen spread widening, but in fact have seen spreads tightening,” Dirk Schmelzer, Head Portfolio Manager ILS/CAT Bonds and Partner at Plenum Investments AG, told Artemis, a provider of … Read more
Boston-based CyberSaint has successfully raised $21M in Series A funding to fuel its global expansion and further develop its innovative CyberStrong platform. This strategic infusion of capital, led by Riverside Acceleration Capital (RAC), with contributions from Sage Hill Investors, Audeo Capital, and BlueIO, marks a significant leap in cyber risk management solutions. Jerry Layden, CEO … Read more