Aussie Insurers Want More Government Involvement in Cyber & Cyber Insurance 

“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

 At-Bay Spending Some of Last Summer’s $185m D Round on Office Space

“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

How Can the Cyber Insurance Market Increase Capacity? It’s Spelled I-L-S, Says Verisk

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

Ukraine Companies Offered Free Cyber Services by Coalition, Which Now Enters the Fray Publicly

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