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Top News about Cyber Insurance
“For example, increased SEC disclosure requirements may heighten your need for PR firms specializing in cyber crises.” Source: Proposed SEC Cybersecurity Rules Require Public Companies to Act Now | Woods Rogers PLC – JDSupra
“The cyber insurance provider leased the entire eighth floor of the 12-story Flatiron District (W. 24th) building, according to Kaufman. The landlord didn’t disclose the length of the lease, but said the asking rent was $72 per square foot.” K SF to Cyber Insurance Firm At-Bay – Commercial Observer
ILS= Insurance Linked Securities, which are financial instruments supporting retrocession, or reinsurance for reinsurers. Verisk surveyed ILS funds on their appetite for cyber insurance. “Thirteen ILS funds, representing nearly $60 billion in AuM, reported they are interested in providing cyber reinsurance protection. Most of them have never done so before. Eight of those funds — … Read more
Coalition is no doubt already on the radar of Moscow-linked hackers and this move seems sure to attract more attention. Given the modern networked nature of war, and the way attackers typically view those defending their targets, a gesture like this can create real risk for a company trying to do the right thing (and … Read more
Article includes a cyber insurance application highlighting legacy software… “Insurers determine whether an SME is worth the risk by assessing where there are sufficient security controls and patching strategies in place. They’ve recently keyed in on several high-profile software vulnerabilities related to Microsoft Exchange Server, for example. Exchange’s presence, and the absence of critical security … Read more