Cyber Insurance Tailored to Industry & US State: North Dakota Hospitals Team with Security Firm and Insurance Carriers

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We’ve written extensively about the increasing cooperation and often fusion between cyber security services and cyber security insurance, plus the push to protect America’s healthcare sector. Cyber Insurance for Hospitals Casey Holland of Marsh emphasized the “bespoke” nature of the solution: “It’s a comprehensive approach to helping our hospitals combat cyber threats and provide a … Read more

First-Ever Cloud Outage Cat Bond: A Game Changer for Cyber Insurance

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In a groundbreaking venture into the financial aspects of cybersecurity, Parametrix, a front-runner in cloud monitoring and insurance, and Hannover Re, a leading global reinsurer, debuted the first-ever Cumulus Re catastrophe bond. Valued at $13.75 million, this bond is specifically designed to mitigate losses due to prolonged cloud service outages. This is an increasingly critical … Read more

Cyber Insurance Sunday – Upload

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Here it is—Your Cyber Insurance Sunday—Upload. The latest cybersecurity insurance news. A few items from the week. Some we reported on, and others we found interesting: WTW and Newline Europe make people moves, CyberCube comes up tulips, a look at the growing threat of deepfake AI, and a peek into the future of cyber insurance. … Read more

SecurityScorecard Unveils Cybersecurity Findings for S&P 500 Companies Amid New SEC Regulations

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A recent report from SecurityScorecard reveals that 21% of S&P 500 companies suffered data breaches in 2023, highlighting the growing challenges in cybersecurity amidst stricter regulatory environments. The disclosure came with the publication of the S&P 500 Cyber Threat Report, which analyzes trends and provides recommendations for Chief Information Security Officers (CISOs) to navigate the … Read more

WTW Appoints Cybersecurity Leader Sean Plankey to Lead Innovative Solutions 

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WTW (Willis Towers Watson) announced the appointment of Sean Plankey as the Global Leader of Cybersecurity Software. Plankey, a noted expert in the cybersecurity field, will lead the launch and commercialization of WTW’s new range of security software. His appointment aligns with WTW’s focus on technology and innovation, especially in the area of cyber risk … Read more

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