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Top News about Cyber Insurance
“Cybersecurity incident” sounds mild, almost bureaucratic. Almost quaint. But in a school system, it means student privacy can vanish in a single breach. Grades, health records, counseling support, discipline files, and other personal details can spill far beyond school walls. That ain’t quaint. Cyber insurance is now a key part of how schools handle cybersecurity … Read more
Duffy brings more than 20 years of experience in cybersecurity leadership, security program development, and executive advisory services. His background includes building security teams and shaping enterprise risk strategies. Consulting Solutions said the hire supports its plan to strengthen cybersecurity capabilities amid intensifying threats. CEO Billy Milam said Duffy brings both technical and leadership depth. … Read more
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