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The Biden Administration plans to release a national strategy that will introduce comprehensive cybersecurity regulation of the US’s critical infrastructure, acknowledging that voluntary efforts have not been sufficient in protecting…
Read More “New Biden Cybersecurity Plan Will Push Regulations, Address 3rd Party Liability: WaPo ” »
Focus on cybersecurity for the grid was growing even before criminals attacked Washington and North Carolina substations in December. “The Federal Energy Regulatory Commission is considering developing new cybersecurity rules…
We recently wrote about the business interruption (BI) risk from DDoS attacks. Now @CAC_Specialty discusses 5 important elements of BI coverage. “1) Waiting Period Length Prior to the hard market,…
Read More “The Most Challenging Part of Cyber Insurance Underwriting: Business Interruption? ” »
Eye Security, a subscription-based cybersecurity and insurtech company, lands $17m+ round led by Bessemer Venture Partners. Partner Alex Ferrera notes on Twitter: “We’re betting cyber insurance + XDR (Extended Detection…
“Delinea, a leading provider of Privileged Access Management (PAM) solutions for seamless security, today published a new report showing that cyber insurance not only has become ubiquitous, but more than…
“Cyber insurance premiums amount to just a fraction of total losses from cyber attacks, with estimates putting the protection gap at 90%. There is much work to do to ensure…
Read More “How to Understand & Improve Cyber Insurance Markets: Swiss Re Report ” »
“During an XChange session titled ‘What An MSP Needs To Know About Cyber Insurance,’ …Paul Vedder, managing director of Palm Beach Grardens, Fla.-based VXI…agreed that compliance is becoming a larger…
Read More “MSPs Warned: Be Careful About Giving Clients Cyber Insurance Advice ” »
The OPED identifies the issue, but in our opinion is light on solutions. The writer suggests companies publicize their cyber risk controls: “Demonstrating such preparedness will appeal to shareholders and…
Read More “Wall Street Journal on Cyber Insurance and Acts of War ” »
CyberCube says it’s offering the first detailed Industry Exposure Databases (IED), which allow (re)insurers and brokers to quantify real-time cyber risks. “The first release of CyberCube’s Exposure Databases focuses on…
The cyber insurance industry needs reinsurance capital to keep growing. Coalition partnered with BDT Capital to form this independent Bermuda-based Class 3B reinsurer. “Joshua Motta, founder and CEO of Coalition,…
Read More “Re to the Rescue: BDT Capital Forms “Ferian Re” with Cyber Insurer Coalition ” »