Here it is – Your Cyber Insurance Sunday – Upload — A few items from the week. Some we reported on, and others we found interesting. Lloyd’s looks at the impact of AI, some rough news for insurtech investments, and just a little bit (sarcasm) on the UnitedHealth hack, dubbed by some as “the most significant…in history.” There’s more. Take a look. Share it. Enjoy the reads. Enjoy the day!
- The necessity or interwoven reality of cyber insurance and cybersecurity touched on here: Coalition & Aspen Partner to Boost U.S. Cyber Insurance Capabilities.
- The headline says it all, but still give it a read: Brutal New Numbers on Insurtech Investment Trends.
- Some notable news on investment in cybersecurity: Eye Security Locks in €36 Million to Bolster Cybersecurity Solutions for European Mid-Market, and Ballistic Ventures Raises $360 Million to Fuel Cybersecurity Innovation: What It Could Mean for Cyber Insurance Coverage.
- Lloyd’s looks at AI and cybercrime: AI to Increase Cyber Attacks Until Countermeasures Catch Up Over Next 2 Years: Lloyd’s Report.
- The UnitedHealth hack’s scale, scope, and lasting impact is a tale still being endured and told; The American Hospital Association called it “the most significant and consequential incident of its kind against the U.S. healthcare system in history.” A few items on that. A major cyberattack has caused a Pittsfield medical practice to run out of money. Staff are continuing to treat patients, and Department Of Health Investigating UnitedHealth After ‘Unprecedented’ Cyber Attack, and Zimmerman Law Offices PC Announce the Filing of a New Class Action Lawsuit on Behalf of Healthcare Providers and Pharmacies that were Impacted by the Change Healthcare Data Breach.
- Finally, insurance broker AON looks at cyberattacks and data breaches in India: AON SURVEY: CYBER ATTACKS ARE A MAJOR BUSINESS RISK IN INDIA.