The Source for Cyber Insurance News, Insights and Data
CyberCube’s recent study on cyber catastrophe bonds sheds light on the diversification opportunities within this evolving asset class. The firm’s analysis is of four 144A cyber catastrophe bonds issued in the fourth quarter of 2023. This brought in $415 million of new capital, which is detailed in their white paper, “Digital Ties and Natural Divides: … Read more
In a move to enhance its digital offerings, RT Specialty, the wholesale distribution division of the global insurance firm Ryan Specialty Group, announced the addition of cyber liability insurance coverage to its digital platform, RT Connector. This addition broadens RT Connector’s capabilities, making it a notable digital platform for bindable Excess & Surplus (E&S) solutions … Read more
Facing a growing cybercrime threat, many small and medium-sized businesses (SMBs) lack the resources to protect themselves adequately. However, a new partnership between Blumira and Beltex aims to change the game, offering them a lifeline through enhanced cybersecurity and cyber insurance solutions. This collaboration between Blumira, a frontrunner in security information and event management (SIEM) … Read more
Fulcrum IT Partners, an MSP, calls them “cyber-warranty backed solutions” and is offering the services with the backing of SPECTRA, the Bermuda-based cyber insurance provider. “As part of the new business model, Fulcrum will offer customers a 100 percent cash refund on services impacted by specific cybersecurity incidents, including ransomware, and DDoS attacks. Additionally, Fulcrum … Read more
The booming online sports betting and casino industry just upped its security game. Maxxsure, a leader in cyber risk ratings, has joined forces with BMM Innovation Group’s BIG Cyber, a cybersecurity powerhouse, to revolutionize cyber risk management and insurance analytics in the gaming sector. This strategic partnership signifies a major step forward for the industry’s … Read more