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“The group threatened to release the data of Medibank’s ‘1k most [prominent] media persons’ which includes ‘[those with the] most [social media] followers, politicians, actors, bloggers, LGBT activists [and] drug…
Read More “Creepy Twist from Hackers of Australian Insurance Company Medibank” »
The Indiana-based company reports a number of successful deployments, including one which allowed a non-profit to hold onto its cyber coverage after suffering two breaches before it retained SecondSight. “SecondSight’s…
“According to a report released by Marsh LLC last week, average cyber liability rates increased 54% in July compared with 133% in December 2021. Cyber rate increases are slowing but…
Read More “Growth of Cyber Insurance Rates Slows — But Premiums Still Going Up ” »
Fintech VC Canapi Ventures led the round in Elpha, which claims to be the first cyber insurance startup “to combine proprietary cybersecurity software with coverage to improve risk transfer.” Fused…
From the Dept. of Treasury — SUMMARY: Over the past several years, the Federal Insurance Office (FIO) in the U.S. Department of the Treasury (Treasury) has continued its ongoing efforts…
Growth of cyber reinsurance is limited by inadequate risk assessment tools and capital limitations… “Cyber limits have contracted, and insurers have significantly increased rates so the profitability of the portfolios…
Read More “Reinsurers Face Challenges in Cyber Insurance Market ” »
Concerns include clauses provided by Lloyds that define a “primary but not exclusive factor” for triggering an exclusion as a national government confirming it’s been hit by a nation/state cyberattack….
Read More “Worries About Implementing Lloyd’s Plan to Exclude Acts of War from Cyber Insurance ” »
Causes of loss, 2017-21: Get the study: Cyber Claims Study 2022 Report Thank you – NetDiligence
“Some Banks and financial institutions are already leading the charge by offering crypto wallets and custodial services, access to crypto markets for trading and investment, and advisory services to Wealth…
Read More “Glimpse of the Future? Could Banks Offer Cyber Insurance in the Metaverse? ” »
“Federal entities—such as the Federal Insurance Office (within Treasury) and the Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency (CISA)—have taken steps to understand the financial implications of growing…