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Top News about Cyber Insurance
Email attacks are surging, hitting businesses hard and exposing a severe paradox: email is both indispensable and dangerously vulnerable. As digital communications fuel daily operations—from sales to financial transactions—organizations can’t just cut back on email to curb security risks. Financial fraud, the most common email-based attack, continues to skyrocket, leaving companies of all sizes scrambling … Read more
Chief Information Security Officers (CISOs) face growing personal liability risks amid increasing cybersecurity threats and stricter regulations. Recent Securities and Exchange Commission (SEC) actions have targeted CISOs individually. For the first time, the SEC charged a CISO with fraud and internal control failures related to cybersecurity. New SEC disclosure rules now require timely reporting of … Read more
Helvetia Switzerland has announced a new partnership with Coinnect to enhance its cyber risk underwriting and client security services. Starting at the end of 2024, Helvetia will adopt Coinnect’s advanced Cyber Insurtech platform, which uses artificial intelligence and cyber intelligence to evaluate and mitigate risks for clients. The collaboration aims to deliver more comprehensive risk … Read more
The company now offers “tailored parametric insurance solutions” to protect companies when their IT systems go down, creating business or digital system interruptions. The business interruption insurance follows the July CrowdStrike outages, which created billions in estimated losses from downtime and other consequences of the software snafu. “Enterprise solutions are customized to address the unique … Read more
In the world of cyber insurance, data serves as a crucial tool for brokers, transforming information into actionable insights that empower better decision-making. Zywave has introduced a new data-driven enhancement to its Cyber Quoting solution, integrating benchmarking and loss data to provide brokers with insights that improve client coverage decisions. This feature allows brokers to … Read more