The Leading Source for Cybersecurity Insurance News, Insights and Data
Jack Kudale, Co-Founder and Chief Executive Officer + Rajeev Gupta, Co-Founder and Chief Product Officer Source: The Top 25 InsurTech Executives of 2021 | The Financial Technology Report.
“(T)he new year will continue to reveal the consequences of the 2021 acceleration of business digitization, with an explosion of incidents related to the software supply chain. This will drive…
Read More “2022 Prediction: More Cyber Pain from the “Software Supply Chain” ” »
“Nearly 60% of cannabis businesses say they haven’t taken the necessary steps to prevent cyberattack, but the winds are changing…” Source: 2022 Cannabis Industry Outlook: Your Business’ Future Depends on…
Read More “Follow the Smoke Signals to a Growing Cyber Insurance Market…” »
“Attestations will become a thing of the past, and policy holders will need to prove, with proper documentation, that the controls they say are in place are truly there. The…
Also says company has been able to reduce number of ransomware claims seven fold. Source: “Half of our DNA is cyber security” – CEO | Insurance Business America
ActZero (which raised $40m in March) offers an MDR (managed detection and response) platform that “combines antivirus protection, endpoint detection and response. Measured Analytics and Insurance(‘s)…standalone cyber insurance product, CyberGuard,…
Read More “ActZero Security Adds Cyber Coverage From Measured Analytics and Insurance” »
Reported elsewhere: “The captive, domiciled in Hawaii, will provide capacity in addition to its current long-term capacity agreements from carriers including Swiss Re and Arch Insurance.” The insuretech company continues…
“The rise of high-profile ransomware incidents in the public finance sector beginning in 2018 led entities to turn to cyber insurance as a means of risk transfer. With ransom demands…
Read More “Public Finance Entities Face Challenges in Obtaining Affordable Cyber Insurance ” »
“Generali , Accenture and Vodafone have created a package of cyber security services to help the insurer’s corporate clients to detect, react and recover from cyber threats and incidents.” Source:…
“Meanwhile, cyber security firm Coveware likened the 90%-plus profit margin from ransomware attacks in 2021 to the gains Colombian cocaine cartels made in 1992.” Source: Insurers Cut Their Appetite for…