Omega Systems Expands Cybersecurity with Enterprise Password Management Solution

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New Solution Reduces Credential Theft Risks and Enhances Compliance Omega Systems has introduced an Enterprise Password Management solution to help businesses reduce password-related cyberattacks. The solution is part of Omega’s growing cybersecurity portfolio, which aims to strengthen protection against evolving threats and improve risk management. Password Security to Counter Growing Cybersecurity Risks Credential theft remains … Read more

Coalition Expands Cyber Insurance Partnership with MS&AD via $30M Investment

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Investment Strengthens Global Cyber Insurance Reach Coalition, a cyber insurance provider, announced a $30 million equity investment from Mitsui Sumitomo Insurance Co., Ltd. (MSI), a part of MS&AD Insurance Group. This investment expands their strategic partnership. It aims to increase the global availability of Coalition’s Active Insurance model for companies seeking to reduce digital risk. … Read more

What Does SEC’s New Cyber and Emerging Technologies Unit (CETU) Mean for Cyber Regulations?

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The Securities and Exchange Commission (SEC) has created a new cyber unit, no doubt raising questions for cyber insurers about the potential impact of the changes on their liability, including from SEC cyber regulations involving disclosure of cyber attacks. Called the Cyber and Emerging Technologies Unit (CETU), it’s been formed “to focus on combatting cyber-related … Read more

CrowdStrike Cybersecurity Report – Six Key Takeaways for 2025

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It is billed as “the most anticipated cybersecurity report of the year.” It is the CrowdStrike 2025 Global Threat Report. The report reveals an alarming rise in cyber threats, with adversaries refining their strategies at an unprecedented pace. It highlights major trends shaping the global cybersecurity landscape, from China’s intensified cyber activities to generative AI-driven … Read more

Third-Party Cyber Risk Drove Major Financial Losses in 2024, Resilience Finds

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Third-Party Risk Accounted for Nearly a Quarter of Material Claims According to new data from cyber risk firm Resilience, third-party risk became a leading cause of cyber insurance claims in 2024. The report found that vendor-related incidents accounted for 31% of all claims and nearly 23% of incurred losses. In 2023, third-party risk had no … Read more

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