Cyber Insurance

Top News about Cyber Insurance

CISOs Beware: Derive Declares the “Dying Breed” Era of Cybersecurity Leadership

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Chief Information Security Officers (CISOs) might want to polish off their resumes. Cybersecurity firm Derive suggests the CISO role could become a “dying breed.” The Virginia-based company has launched a next-generation platform it claims can replace CISOs with data-driven insights. Derive’s Cyber Risk Quantification (CRQ) platform promises to redefine cybersecurity leadership. The system quantifies cyber … Read more

Lloyd’s of London and HITRUST Launch Cyber Insurance Consortium

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Lloyd’s of London has launched a standalone cyber insurance consortium with HITRUST and an association of AA-rated carriers. The program offers HITRUST-certified organizations broader coverage, lower premiums, and a simplified cyber insurance experience. The initiative rewards HITRUST-certified organizations with advantages such as competitive insurance rates, streamlined underwriting processes, and extensive coverage. HITRUST has established its … Read more

The Growing Importance of Actuaries in Cyber Insurance & Cybersecurity

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Actuaries get teased for what some outsiders see as a boring job. But a new report makes clear that actuaries are increasingly part of the interesting, sometimes even exciting, world of cybersecurity. Nowadays actuaries and cyber insurance increasingly go together, details the report from the UK’s Institute and Faculty of Actuaries (IFoA). Entitled “Actuaries Managing … Read more

Beyond Social Media’s Risks: Identity Theft Targets Kids Online

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As if online predators and the adverse effects of social media on children’s development weren’t enough to keep parents awake at night, the digital age has added a new nightmare to the list: identity theft. Children’s personal information is increasingly exposed online. As you can imagine, criminals are exploiting their digital footprints to commit fraud, … Read more

Cyber Insurance Industry Presents New Opportunities for Tech Service Providers, Says Info-Tech

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The challenges of cyber risk assessment and cyber insurance are transforming the cybersecurity landscape, with technology service providers (TSPs) playing a pivotal role taking on these issues and improving the cyber insurance process. This is according to Info-Tech Research Group’s latest report. The report Launch Cyber Insurance Support Services outlines how TSPs help organizations meet … Read more

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