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Here it is—Your Cyber Insurance Sunday—Upload. The latest cybersecurity insurance news. A few items from the week: Marsh and others look at Ransomware; Partnerships abound Backblaze and Coalition as well as Cavelo and DataStream: Vantage Risk Launches; And a reminder cybercriminals take out targets large and small. Some we reported on, and others we found … Read more
SPECTRA has announced its new Certification and Cyber Resilience Warranties, now available to Ingram Micro channel partners in the U.S. Members of Ingram Micro’s SMB Alliance and TRUST X Alliance communities can access these warranties, valued up to one million dollars per customer at a special rate until the end of summer. This initiative is … Read more
Cavelo Inc. and DataStream Insurance have partnered to simplify the cyber insurance process for Managed Service Providers (MSPs). This collaboration aims to help MSPs manage cyber risk more effectively and access lower insurance premiums. As cyber threats increase, organizations face higher risks of data breaches, increasing the liability and legal risks for MSPs. Many MSPs … Read more
Amid the rising tide of cybercrime and frequent hacking incidents, Vantage Group Holdings Ltd. (Vantage) has introduced U.S. primary cyber insurance to meet the growing demand for robust cyber risk management. This new coverage offers up to $10 million in capacity. It also marks an expansion of Vantage’s insurance capabilities in both the U.S. and … Read more
Cyber cat bonds issued over the last year are trading above par, “(a)n indication that these bonds are sought after in the secondary market and have not seen spread widening, but in fact have seen spreads tightening,” Dirk Schmelzer, Head Portfolio Manager ILS/CAT Bonds and Partner at Plenum Investments AG, told Artemis, a provider of … Read more