AI to Increase Cyber Attacks Until Countermeasures Catch Up Over Next 2 Years: Lloyd’s Report

“The impact of GenAI on the cyber landscape is likely to increase the frequency, severity, and diversity of smaller scale cyber attacks, which will grow over the next 12-24 months, followed by a plateauing as security and defensive technologies catch up to counterbalance their impacts,” predicts the report, “Generative AI: Transforming the Cyber Landscape.” The … Read more

Eye Security Locks in €36 Million to Bolster Cybersecurity Solutions for European Mid-Market

Eye Security has clinched a €36 million Series B funding in a significant move for Europe’s cybersecurity field. The investment was led by J.P. Morgan Growth Equity Partners and supported by existing backers Bessemer Venture Partners and TIN Capital. This influx of funds will amplify Eye Security’s endeavors to safeguard businesses throughout Europe against growing … Read more

Markel Bolsters Cyber Security Team with New Analyst in Singapore

Markel, a key division of Markel Group Inc., has welcomed Ng Yao Hua aboard as a Cyber Security Analyst. He arrives to enhance cyber security underwriting capabilities in the Asia Pacific market. This appointment marks a significant addition to the company’s growing expertise in the region, demonstrating its commitment to addressing the evolving cyber security … Read more

SMBs Get Easier Access to Cyber Insurance with SaaS Alerts and FifthWall Solutions

SaaS Alerts, a cybersecurity company, has partnered with FifthWall Solutions, a cyber insurance provider, to introduce Beltex, a new cyber insurance product. The offering is tailored to managed service providers (MSPs) and their clients. This collaboration aims to simplify the process of obtaining coverage for small and medium-sized businesses (SMBs), integrating it with SaaS Alerts’ … Read more

Resilience Expands Cyber Insurance Portfolio with New Tech E&O Coverage for U.S. Businesses

As reliance on technology grows, the need for comprehensive protection becomes more apparent. This has prompted cyber insurance provider Resilience to launch new Tech E&O coverage for midsize and large U.S. businesses. The coverage targets U.S. companies with annual revenues between $300 million and $10 billion. This new service complements Resilience’s cyber insurance solutions, offering … Read more

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