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Top News about Cyber Insurance
Directors and Officers (D&O) insurance can be an essential part of protecting executives’ personal assets and mitigating the risks companies face from lawsuits tied to management decisions. With this concern in mind, there is news that Concierge Cyber has introduced two new products, Concierge Cyber with D&O Shield and Concierge Cyber with Entity Shield, to … Read more
Small and mid-sized businesses (SMBs) are grappling with a critical shortage of cybersecurity skills, leaving them vulnerable to increasingly sophisticated cyberattacks, according to a recent report from Sophos. The report, published in October 2024, highlights the disproportionate impact of the global cybersecurity talent shortage on organizations with fewer than 500 employees. These businesses, it warns, … Read more
In May 2021, a ransomware attack on the Colonial Pipeline slammed the brakes on fuel deliveries across the U.S. East Coast, exposing the alarming vulnerability of critical infrastructure and sparking chaos in its wake. The oil and gas industry, which is highly dependent on automation and digital control systems, has since made cybersecurity a top … Read more
Stellar Cyber has launched its RiskShield Cyber Insurance Program, tailored for Managed Security Service Providers (MSSPs) and their clients. The program, created in partnership with Converge Insurance, integrates cyber insurance with Stellar Cyber’s Open XDR platform to help streamline risk assessments and enable MSSPs to offer customized insurance coverage. The program’s key feature, the Stellar … Read more
The “largest regulated water and wastewater utility company” in the United States, American Water, is recovering from a cyber attack that forced it to pause billing services for its 14 million customers. While the company says it’s retained 3rd-party cyber experts to help with the response, a spokesman declined to respond to Cyber Insurance News‘ … Read more