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The aviation industry is a marvel of complexity, coordinating intricate schedules, unpredictable weather patterns, and the seamless flow of information across digital networks. From customer interactions to internal communications, the industry’s reliance on these digital systems is paramount for maintaining ongoing and reliable operations. Ensuring the cybersecurity of these systems is thus critical. With news … Read more
Boost Insurance Holdings, Inc., an infrastructure platform for MGAs, independent brokers, and emerging digital insurance providers, announced in a press release that it has secured a significant equity investment from BHMS Investments, LP. This investment aims to fuel Boost’s growth, product development, and market leadership in the MGA infrastructure space. Boost offers highly configurable, tech-enabled … Read more
Security Fix Backfires, Creating More Problems The CrowdStrike outage that began on July 19, 2024, serves as a critical reminder of the vulnerabilities in our digital infrastructure and the profound dependency on cybersecurity solutions. A routine sensor configuration update went awry, leading to a system crash affecting millions of devices globally, particularly those running on … Read more
Cowbell, a cyber insurance provider for small and medium-sized enterprises (SMEs), has raised $60 million in Series C funding from Zurich Insurance Group. The funding will help Cowbell scale operations, expand internationally, enhance cyber resilience services, and introduce new products. The investment will allow Cowbell to leverage AI and GenerativeAI (GenAI) to optimize its technological … Read more
CyberCube, a leading cyber risk analytics firm, estimates insured losses from the July 19 CrowdStrike outage to be between $400 million and $1.5 billion. Dubbed the “CrowdOut Event,” it was caused by a faulty CrowdStrike Falcon Sensor update, significantly impacting the standalone cyber insurance market. This incident represents a loss ratio impact of approximately 3-10% … Read more