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Top News about Cyber Insurance
Cowbell, which offers an AI-driven cyber insurance platform for small-and-medium businesses, has been one of the most high-profile players in the emerging cyber insurance industry. The company has ramped up clients and revenue rapidly while attracting large investments. But Cowbell has now announced layoffs. “I am announcing a 12% reduction of our current workforce, which … Read more
Moody’s, the credit and risk rating company, surveyed 1,700 people from debt issuers representing $80 trillion in outstanding debt across “71 global sectors.” “Despite the higher cost of cyber insurance, only 3% of issuers said they planned to buy less cyber coverage in 2023 than in 2022. The vast majority (82%) plan to purchase about … Read more
The cyber insurance industry has long asserted that its underwriting processes, combined with security tech embedded in policies or supplied by third parties, will improve their clients’ security and impact the broader economy. Some carriers have provided statistics on breaches that appear to support the proposition. Cyber security company Netwrix tested this with a survey … Read more
Nord Security, a global leader in internet privacy and cybersecurity solutions announced that it has raised $100 million in a financing round led by Warburg Pincus. Existing investors Novator Ventures and Burda Principal Investments also participated in the round. Cyber insurance and the Nord Security investment The Nord Security investment is significant for the cyber … Read more
In the new era of remote work cyberattacks are finding a foothold. Leaving Small and medium-sized enterprises (SMEs) dangerously unprepared. A new survey has identified employees as key contributors to this cybersecurity shortcoming. The problem starts at the top. Over three-quarters of SMEs’ C-suite and senior managers admitted they have no confidence that their teams … Read more