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Top News about Cyber Insurance
If you hear “AI Education,” what do you think? Cheating and diminished learning, but a new report raises another issue: cybersecurity. We’ve reported on this issue and the critical role schools play. Keeper Security’s “AI in Schools: Balancing Adoption With Risk” follows that with a clear warning. AI sits in classrooms. Defenses lag. The report … Read more
New Partnership Enhances Cyber Resilience Seeking to make sure small businesses keep coming up roses, Elpha Secure and SentinelOne announced a partnership to protect SMBs with combined cyber insurance and cybersecurity. Elpha Secure delivers the first fully integrated cyber insurance and security platform. SentinelOne provides an AI-powered cybersecurity solution with advanced endpoint detection and response. … Read more
Major Investment Secures Growth Path CyberCube has secured over $180 million in funding from Spectrum Equity, pending regulatory approval. Spectrum joins ForgePoint Capital, Hudson Structured Capital Management, and MTech Capital as investors. The funding strengthens CyberCube’s role as a cornerstone analytics provider for the cyber insurance sector. CyberCube serves more than 130 clients, including 75% … Read more
Zurich Insurance Group, the Cyber Threat Alliance, and the CyberGreen Institute released “Cyber Metrics for Key Decision-Makers.” The report recommends the establishment of standardized national cybersecurity metrics, based on six key measures and a supporting institutional framework. In plain terms: agree on common definitions, measure consistently, and publish national scorecards. In the smallest way, this … Read more
Ransomware and financial fraud attacks are increasingly targeting businesses with higher frequency and greater cost. Mid-market companies now face average ransomware losses of nearly $470,000 and financial fraud claims of about $270,000. Many standard policies fall short of covering these risks. At-Bay has launched new InsurSec solutions designed to close that gap. The industry-first packages … Read more