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Top News about Cyber Insurance
But seriously, anything that helps insured/insurers/tech providers get a better grasp of this complex market is probably worth it… “‘Choosing cyber insurance coverage comes with a lot of questions about coverage, claims and underwriting, just to name a few. It can be an overwhelming process but with this book, we eliminate the mysteries that can … Read more
“If Russia carries out a large cyber attack which spills over into several countries, it could lead to claims totalling (sic) $20 billion or more, similar to insurance claims from a large U.S. hurricane, the industry sources said on condition of anonymity.” Source: Analysis – Cyber Insurers Face Large Ukraine War-Related Claims Despite Exclusions
“The ICA’s policy paper recommended: Better data sharing from the insurance industry to the government and vice versa to prevent, detect, and report cyberattacks; Mandatory minimum-security requirements and third-party certifications for software and hardware to reduce cyberattack vulnerability; and Investment incentives for cyber risk education and businesses willing to disclose and work with enforcement agencies. … Read more
“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