The Source for Cyber Insurance News, Insights and Data
Cytora has entered into a partnership with cybersecurity firm DynaRisk to enhance insurers’ ability to assess and mitigate cyber risk. Cytora will incorporate DynaRisk’s cyber risk assessment data suite into its platform. This move is expected to enable underwriters to factor in various aspects of cyber risk more quickly and accurately when determining insurance quotes. … Read more
In today’s rapidly evolving cyber threat landscape, businesses face ever-increasing challenges to safeguard their digital assets. Managed Service Providers (MSPs) stand as crucial guardians of their clients’ cybersecurity. However, the intricacies of compliance often present daunting hurdles. However, with Compliance Scorecard’s latest enhancements, MSPs now have powerful new tools at their disposal to bridge the … Read more
We’ve reported extensively about the impact of GenAI on the cyber insurance industry, from its use by hackers to predictions it will “revolutionize” the industry. Information Week has some interesting observations from Nathan Smolenski of cybersecurity provider Netskope. A couple: Underwriters need to defend against “Data/AI model poisoning: …The GenAI models themselves must also be … Read more
We’ve reported extensively on the insurance industry’s fear of “cyber war;” debate over exclusions for state-backed, systemic cyber attacks; moves by governments to backstop the cyber insurance industry for massive attacks; and the challenges of current modeling of risk accumulation and catastrophic cyber events. Now comes a contrarian view from a leading cyber risk risk … Read more
We’ve reported extensively on the challenges of the cyber insurance industry in modeling systemic risk and the related accumulation risk (insurance risk of multiple, unanticipated claims from the same or related events, such as a large cyber attack.) InsuranceERM, a provider of news and information on insurance and risk, suggests the industry is using a … Read more