The Source for Cyber Insurance News, Insights and Data
The fintech sector has increasingly become a prime target for cybercrime, with U.S. government reports underscoring the sector’s vulnerability due to its heavy reliance on technology and interconnected systems. The Government Accountability Office (GAO) highlights that cyberattacks on financial institutions, including fintechs, have escalated in sophistication, posing significant risks to the industry’s stability. In light … Read more
Amid an escalating wave of cyber threats targeting the financial sector, Mosaic Insurance, Incyde Risk, and Safe Security have announced a strategic partnership to deliver comprehensive cyber risk management solutions. This collaboration aims to provide financial institutions with a robust defense against growing cyber-attacks. Key Aspects of the Partnership Incyde Risk, specializing in cyber risk … Read more
IQUW introduced FortiFI, a new insurance product combining Financial Institutions (FI) coverage with Cyber insurance, specifically tailored for U.S. clients. This integration addresses the growing concerns around cybersecurity, especially given that nearly 20% of global cyber-attacks target financial institutions. Tristram Prior, Lead Underwriter for IQUW Financial Institutions, emphasized the product’s significance, stating that a recent … Read more