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The global aluminum and energy company, known as “Hydro,” estimated damages at up to app. USD $74 million. “The company has a robust cyber insurance in place with recognized insurers,” it said in a statement. “The (March) attack affected our entire global organization, with the business area Extruded Solutions having suffered the most significant operational … Read more
Here it is—Your Cyber Insurance Sunday—Upload. The latest cybersecurity insurance news. A few items from the week. Some we reported on, and others we found interesting: Upfort and Cowbell making news with people moves. CFC takes on healthcare vulnerabilities. And did a lone cyberhero prevent the hack of all hacks? There’s more. Take a look. … Read more
Munich RE is out with a useful new report, “Cyber Insurance Risks and Trends 2024,” that ranges from commentary on the growth of various cyber risks (ransomware is back) to a bullish projection that the cyber insurance market will reach USD $29 billion by 2027 (see below). The report’s analysis of threats includes the growing … Read more
Cowbell, a player in the cyber insurance sector specializing in providing small and medium-sized enterprises with comprehensive cyber insurance coverage, has announced the elevation of two key executives as part of its strategic initiative to enhance its leadership structure. Sahar Sabouni, previously serving as Head of Employee Success, has been promoted to Chief People Officer, … Read more
Coalition is among the pure play-leaders in the cyber insurance sector, touting its “Active Insurance,” which fuses insurance with cybersecurity tools to reduce client (and underwriting) risk. Earlier this year the company launched its full-stack carrier, the Coalition Insurance Company (CIC). From its new release: “(CIC) is now open for quoting Coalition’s admitted cyber product … Read more