Skip to content

Cyber Insurance News

The Leading Source for Cybersecurity Insurance News, Insights and Data

Option3 Appoints Karl P. Kilb III as Chief Strategy Officer for ENIGMA Zero Trust Platform

Posted on December 9, 2024December 9, 2024 By Martin Hinton

Option3, a cybersecurity private equity firm, has named Karl P. Kilb III as Chief Strategy Officer (CSO) for its ENIGMA Zero Trust platform. He brings over 30 years of experience, including 22 years at Bloomberg LP, where he established its global legal department and led enterprise sales.

Kilb emphasized ENIGMA’s role in tackling critical cybersecurity issues, stating, “Option3 is at the forefront of addressing difficult cybersecurity challenges that America must get right – from critical infrastructure to the automotive sector, and more broadly to areas like cyber insurance. My experience establishing new sectors aligns with this mission. I’m eager to accelerate ENIGMA’s success at a time when the adoption of Zero Trust must be a priority for companies and our country.”

“Range of Experiences”

Option3’s Managing Partner, Manish Thakur, praised Kilb’s unique skill set, saying, “Karl brings Option3 a range of experiences essential to introducing new technologies and products in the market. His ability to scale enterprise-wide sales, secure intellectual property, and close major agreements makes him a rare and invaluable addition to our team.”

Karl P. Kilb III, Operating Partner and First Chief Strategy Officer

ENIGMA specializes in protecting Operational Technology (OT) and Internet-of-Things (IoT) networks using Zero Trust principles. Organizations such as NATO and the White House Communications Agency have already deployed its technology. The platform now targets commercial markets, starting with healthcare.

Option3 combines decades of investment expertise with national security insights to build leading cybersecurity platforms. ENIGMA reflects this vision, aligning with President Biden’s executive order mandating the adoption of Zero Trust.

Source: Cyber Investment Firm, Option3, Names Longtime Bloomberg Executive Karl P. Kilb III as Operating Partner, and First Chief Strategy Officer at its Zero Trust Platform.

Other News: Cyber Liability and Risk Management: CISOs Tackle Challenges – Report(Opens in a new browser tab)

Other News: Blue Yonder investigating data theft claims after ransomware gang takes credit for cyberattack.

Martin Hinton

Martin Hinton is the Executive Editor and Publisher of Cyber Insurance News and Information. With over three decades of journalism experience across six continents, his work encompasses investigative reporting, documentaries, and coverage of cultural, political, and business news. To learn more about his career, click on his name to visit his LinkedIn page.

Cybersecurity, Cybersecurity people Tags:Chief Strategy Officer, cyber liability insurance, cyber security, Cybersecurity, ENIGMA, ENIGMA Zero Trust Platform, Karl Kilb, Karl P. Kilb, Option3, Ransomware, Zero Trust Platform

Post navigation

Previous Post: “Buyer-Friendly” Cyber Insurance Market Meets Rising Geopolitical Tensions
Next Post: Envelop Risk Surpasses $1 Billion Milestone in Gross Written Premiums, Secures Extended Backing from MS Reinsurance

Related Posts

  • Stellar Cyber Launches RiskShield: Tailored Cyber Insurance for MSSPs Cyber Insurance
  • Redefining Critical Infrastructure: The Rising Stakes of School Cybersecurity and Resilience Cyber Insurance
  • Data Breach Costs Surge: Kyndryl, Microsoft Unveil Risk Management Services Cybersecurity
  • The Call Is Coming from Inside the Office: Tackling Insider Cybersecurity Threats Cyber Insurance
  • Cybersecurity Gap: Why SMEs Must Catch Up to Large Organizations in Cyber Resilience Cyber Insurance EU
  • Automotive Cyber Security Market Projected to Grow at a CAGR of 5.9% by 2034: Visiongain Cybersecurity

Get the Cyber Insurance Newsletter

Receive weekly updates on the top news on cyber insurance.

Cyber Insurance News

Cyber Insurance News
In the wake of the Harrods hack and cyberattacks impacting other retailers, the alarming state of UK cybersecurity will be revealed in 2024. From cyberattacks hitting major UK retailers like Co-op and Harrods to small businesses struggling without protection, the message is clear—cybercrime is a national threat.

New research by Pen Underwriting reveals that while 90% of UK and Irish businesses feel secure, only 47% have dedicated cyber insurance. Even more shocking—only 18% of businesses earning under £1 million are covered. The cost isn’t just financial—real people suffer, like the couple who lost their wedding cake due to a ransomware attack.

Watch now to understand:

Why UK businesses are dangerously unprepared

How cyberattacks are more common than fires or theft

The key role of employee training, data backups, and multi-factor authentication (MFA)

Why cyber insurance is no longer optional

Visit www.cyberinsurancenews.org for the latest cyber insurance and cybersecurity updates.

#UKCybersecurity #CyberInsurance #SmallBusinessSecurity #CyberCrime
Harrods hack UK Cybersecurity Crisis: Shocking Stats, Real Victims & Business Risks. #cybersecurity
Cyber Insurance Compliance Is Reshaping Security in 2025!

Cyber insurance compliance is no longer optional—it's a driving force behind how companies build and execute cybersecurity strategies. In this video, we break down the latest insights from the 2025 State of Pentesting report:

✅ 59% of U.S. businesses now implement new security tools based on insurer recommendations
✅ 93% of CISOs are guided by mandates from insurance providers
✅ Pentesting isn't just for compliance—it's about proving you're covered and protected
✅ The average enterprise is spending $187,000+ annually on penetration testing

As premiums stabilize, cyber insurance compliance is pushing companies toward proactive, automated, and continuous risk assessment. Learn how to stay ahead, reduce exposure, and align with both regulators and insurers.

💡 Don’t forget to like, subscribe, and hit the bell to stay updated on the latest in cybersecurity and insurance trends!

#CyberInsuranceCompliance #CyberSecurity #PenetrationTesting #CISO #InfoSec #CyberInsurance #RiskManagement #Compliance2025 #EnterpriseSecurity #CyberDefense #TechTrends #InsuranceTech
Cyber Insurance Compliance Is Reshaping Security in 2025 #cyberinsurance
In this video, we break down the massive cyber insurance settlements following the CDK Global ransomware attack that rocked the automotive industry. 🚗💻

Auto giants like Asbury Automotive Group reported up to $10 million in cyber insurance recovery, while AutoNation only recently filed their claim — months after the breach! We explore the financial disclosures, the delayed responses, and what this means for car dealerships, investors, and cybersecurity preparedness.

Learn:
✔️ How cyber insurance is shaping post-breach recovery
✔️ Why SEC filings like 10-Q and 8-K matter
✔️ What lessons other businesses can learn from this
✔️ The real cost of a ransomware attack in automotive retail

🔔 Subscribe for more deep dives into cybersecurity, tech, and industry trends!
#cyberinsurance #CDKGlobal #RansomwareAttack #AutoIndustry #CyberSecurityNews
$10M Cyber Insurance Payout: CDK Ransomware Fallout Hits Auto Giants | #cyberinsurance
Load More... Subscribe

Categories

  • AI & Cyber Insurance
  • AI & Cybersecurity
  • Critical Infrastructure cyber insurance and security
  • Cyber Cat Bonds/Cyber Catastrophe Bonds
  • Cyber Insurance
  • Cyber Insurance APAC
  • Cyber Insurance Best Practices
  • Cyber Insurance Captive
  • Cyber Insurance Carriers & Brokers
  • Cyber Insurance Claims
  • Cyber Insurance EU
  • Cyber Insurance Financial Institutions
  • Cyber Insurance for Government
  • Cyber Insurance for Healthcare
  • Cyber Insurance for Schools
  • Cyber Insurance for SMEs/SMBs
  • Cyber Insurance For Startups
  • Cyber Insurance for Utilities
  • Cyber Insurance Geographic Markets
  • Cyber Insurance Industry Groups
  • Cyber Insurance Investments and M&A
  • Cyber Insurance Jobs
  • Cyber Insurance Laws & Regulations
  • Cyber Insurance Litigation
  • Cyber Insurance Market Size
  • Cyber Insurance MENA
  • Cyber Insurance News & Information Podcst
  • Cyber Insurance People
  • Cyber Insurance Policies & Strategies
  • Cyber Insurance Premiums
  • Cyber Insurance Reports
  • Cyber Insurance Settlements
  • Cyber Insurance Sunday – Upload
  • Cyber Insurance Systemic Risks
  • Cyber Insurance Tech
  • Cyber Insurance Threats
  • Cyber Insurance UK
  • Cyber Insurance Underwriting
  • Cyber Insurance Wholesaler
  • Cyber Regulations
  • Cyber War Exclusions
  • Cybersecurity
  • Cybersecurity and Credit Ratings
  • Cybersecurity for SMBs
  • Cybersecurity in Education
  • Cybersecurity Investment
  • cybersecurity jobs
  • cybersecurity M&A
  • Cybersecurity people
  • Cybersecurity Report
  • Cybersecurity Training
  • Department of Homeland Security
  • EU Cybersecurity
  • Insurance Linked Securities/ILS
  • Insurance Loss Warranty contract/ILW
  • Managed Service Providers
  • National Association of Insurance Commissioners' (NAIC) model cybersecurity law
  • Non-criminal Claims/Non-Malicious Claims
  • Opinion/Commentary
  • Personal Cyber Insurance
  • Personal CyberSecurity
  • Ransomware Insurance
  • Reinsurance
  • Risk Modeling
  • SEC Cyber Disclosure Rule
  • Small Business
  • Supply Chain Cybersecurity And Insurance

Send Ideas, Requests & Comments




    Tags

    AI Artificial Intelligence At-Bay Beazley CFC Chubb Cloud Security Coalition Corvus Cowbell Cowbell Cyber crowdstrike cyber attack Cybercrime cyber crime CyberCube cyber insurace cyberinsurance cyber insurance cyber insurance for small businesses Cyber Insurance Market Cyber liability Insruance cyber liability insurance cyberliabilityinsurance Cyber Resilience Cyber Risk Cyber Risk Management cyber security Cybersecurity cybersecurity insurance Cyber threats Data Breach Howden Lloyds Marsh Microsoft personal cyber insurance phishing Ransomware Ransomware Insurance reinsurance Resilience Risk Management SecurityScorecard small business
    • Cyber Insurance Books
    • Cyber Insurance Reports & Documents
    • Cyber Insurance Acronyms/Terms
    • Cyber Insurance Companies: Carriers, Brokers & Vendors
    • Industry Response: Potential Federal Insurance Response to Catastrophic Cyber Incidents
    • Ransomware Insurance
    • How Much Is Cyber Insurance?
    • Considerations for Buying Cyber Insurance
    • Cyber Liability Insurance Near Me
    • Cyber Insurance Quote
    • Newsletter
    • Legal Analysis & Full Text of 2023 SEC Rule: Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure
    • Glossary
    • About Cyber Insurance News
    • Privacy Policy

    • Industrial Sector Hit Hard by Ransomware Rampage Cyber Insurance Reports
    • Dubbed “Cairney,” Beazley’s new Cyber Cat Bond Listed on Bermuda Stock Exchange (BSX)  Cyber Insurance Best Practices
    • Howden’s 2025 Report: Cyber Insurance at the Crossroads of Innovation and Risk Cyber Insurance Reports
    • Brit Ltd Launches Brit Cyber First50 to Streamline Large Cyber Insurance Placement Cyber Insurance
    • Cyber Insurer Envelop Launches Strategic SPA 1925 in Lloyd’s Collaboration with Apollo Cyber Insurance
    • Senior Cyber Claims Advocate — Opening at Willis Towers Watson  Cyber Insurance Carriers & Brokers
    • Arch Insurance Expands European Reach Cyber Hires in France Cyber Insurance
    • Cyber Insurance Rates Fall 5% in the US as Other Markets Show Mixed Trends in Q4 2024 Cyber Insurance

    Related Cybersecurity Sites

    http://www.whatiscyberliability.com

    https://www.whatiscyberinsurance.com

    http://www.ddosattacktutorial.com

    http://www.ransomwareremovaltool.com

    Our Privacy Policy: https://cyberinsurancenews.org/privacy-policy/

    Copyright © 2024 Cyber Insurance News.

    Powered by PressBook Premium theme