80% of Businesses Underinsured: Cyber Breach Costs Shockingly Higher Than Insurance Coverage – Report

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In a recent report, CYE, a leading cybersecurity optimization platform provider, revealed alarming discrepancies in cyber breach insurance coverage. The study, “Inadequacies in Breach Insurance Coverage: A Data-Driven Gap Analysis,” highlights a massive 350% gap between organizations’ insurance coverage and the actual costs incurred from cyber incidents. This gap results in an average of $27.3 … Read more

Streamlined Cyber Insurance for Small Businesses: Acronis Partners with Mulberri

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Mulberri, an AI-driven insurance platform, and Acronis, a leader in cyber protection, announced a new partnership today to offer cyber insurance specifically designed for small and medium-sized businesses (SMBs) in the United States. This collaboration integrates Mulberri’s cyber insurance directly into the Acronis platform, enabling Acronis’s customers to easily opt-in for coverage. This partnership is … Read more

Zywave Announces New Cyber Quoting Platform to Streamline Insurance Distribution

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Zywave, an insurtech provider, announced the launch of its new Cyber Quoting platform today. The platform connects global cyber insurers with U.S. distributors, simplifying the data collection process used for generating insurance quotes. This addition is part of Zywave‘s efforts to enhance its range of quoting and proposal solutions. According to Eric Rentsch, Chief Product … Read more

Cytora and DynaRisk Partner to Empower Insurers with Advanced Cyber Risk Assessment Tools

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Cytora has entered into a partnership with cybersecurity firm DynaRisk to enhance insurers’ ability to assess and mitigate cyber risk. Cytora will incorporate DynaRisk’s cyber risk assessment data suite into its platform. This move is expected to enable underwriters to factor in various aspects of cyber risk more quickly and accurately when determining insurance quotes. … Read more

CRC Group Bolsters Cyber Insurance with INSUREtrust Integration

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CRC Group, a North American wholesale specialty insurance distributor, has integrated INSUREtrust into its Wholesale Brokerage Division. This move creates a new cyber practice group to expand CRC Group’s cyber insurance capabilities and broaden INSUREtrust’s network. INSUREtrust, known for its specialized cyber insurance brokerage, risk management tools, and products, brings valuable experience and exclusive offerings … Read more

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