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Top News about Cyber Insurance
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
The recent CrowdStrike outage on July 19 had a ripple effect across a wide range of industries, from airlines to the national organ transplant matching system. In our interconnected world, few can escape its impact. Now, Parametrix provides a detailed look at the financial cost. It’s more than just a ripple. They estimate a total … Read more
This morning, when we went to see the latest CrowdStrike Outage news, we knew there’d be a lot to read. Over 30 pages of articles in the Google News search in just the last 24 hours. We took the time to compile a number of them. They illustrate the scale, scope, and impact from large … Read more
SeedPod Cyber and Seceon have announced a strategic partnership to deliver advanced cybersecurity solutions and significant cyber insurance savings for Managed Service Providers (MSPs) and Managed Security Service Providers (MSSPs). Seceon, which offers AI and ML-powered cybersecurity platforms, has joined forces with SeedPod Cyber, an embedded cyber insurance program, to streamline the cyber insurance application … Read more