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Top News about Cyber Insurance
Just as a single spark can set a dry forest ablaze, a lone negative online comment can ignite a reputational wildfire for any business. In the unforgiving terrain of the digital world, this kind of damage can spread uncontrollably, ravaging a company’s hard-earned standing like an inferno. Recognizing the catastrophic potential of such scenarios, Aviva … Read more
Resilience has updated its cyber risk solutions, introducing new features that enhance its cyber insurance and risk management services. Following the release of Technology Errors and Omissions (E&O) coverage earlier this year, the company has added two new tools to its offerings: the Breach & Attack Simulation (BAS) and the Cyber Risk Profile Builder. The … Read more
Cobalt, a leader in Pentest as a Service (PtaaS) and offensive security solutions, has released its 2024 State of Pentesting Report. The report sheds light on the challenges the cybersecurity industry faces as it navigates staffing shortages and the rise of AI-driven threats. The report, which includes analysis from 4,068 pentests, indicates a 21% increase … Read more
CRISIL Limited and Maxxsure have entered into a strategic partnership to enhance technology risk management by incorporating cyber insurance into their services. Announced from New York and Mumbai, this alliance focuses on delivering advisory services and cyber risk insights to help enterprises globally manage and mitigate technology-related risks more effectively. Arul Yagappan, Head of Non-Financial … Read more
Marsh, a global insurance broker, and risk advisor has expanded its Cyber ECHO facility by adding a $25 million layer to the existing $100 million capacity. This enhancement increases the total excess cyber insurance coverage available to Marsh clients to $125 million, establishing it as the largest facility of its kind in the market. The … Read more