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Top News about Cyber Insurance
BreachRx announced a new financial warranty tied to its cyber incident response management platform. The company said the offering provides up to $3 million in protection for executive and corporate liability tied to eligible cybersecurity incidents. A global insurance partner underwrites the warranty. It works alongside cyber insurance and D&O coverage to address executive protection … Read more
Markel Insurance has named Jamie Smith as London Underwriting Manager – US Cyber Lead, effective immediately, enhancing its cyber insurance leadership. Smith will lead the US cyber segment of Markel’s London Market portfolio, focusing on underwriting and growth. Smith will collaborate with actuarial teams on portfolio analysis, strategic planning, broker engagement, and policy improvements to … Read more
In the old Popeye cartoons, Wimpy liked to say, “I’ll gladly pay you Tuesday for a hamburger today.” When it comes to ransomware payment, companies seem to be stealing Wimpy’s line and saying, “I’ll gladly pay you Tuesday for your ransomware today.” And just like the cartoon, Tuesday, or “pay day,” never comes. Coalition’s new … Read more
Data governance has become one of the most critical and overlooked components of cybersecurity and cyber insurance risk management. Organizations invest heavily in preventing intrusions, but far fewer pay attention to what happens after attackers get in. Breaches are bound to happen. The real cost depends on how much data, how sensitive it is, and … Read more
At this week’s PLUS Cyber Symposium in New York City, I sat down with John Menefee, Enterprise Cyber Lead at Travelers, for a wide-ranging discussion about cyber risk, cybercrime incentives, and the role of cyber liability insurance. Our conversation covered the evolution of cyber threats, how attackers choose targets, and why cyber liability insurance is … Read more