The Source for Cyber Insurance News, Insights and Data
In a feat of fundraising, Shield Capital proudly announced the successful conclusion of its inaugural venture capital fund. The Shield Capital Fund I, L.P., is a venture capital initiative primarily targeting early-stage investments in artificial intelligence, autonomy, cybersecurity, and space. Notably, this $186 million in capital commitments exceeded its initial target by a substantial 55%, … Read more
A new report from Hiscox has found that Ireland is one of the countries most affected by cyber attacks, with 71% of businesses suffering an attack in the past year. This is a 22% increase from the previous year, four times higher than the global average. “Cyber must now be viewed as a standard business … Read more
In a groundbreaking move, Howden has unveiled Howden Ventures with an impressive £500 million of delegated underwriting capacity. This initiative aims to establish an investment and risk incubator that will accelerate the development of insurance products. The move is pending approval from Lloyd’s. “MGAs are the innovation dynamite of the insurance industry. Cyber insurance, insurance … Read more
Progress Software Corporation (PRGS) is the provider of MOVEit Transfer software, a program responsible for what is widely considered the largest hack so far in 2023, impacting at least 2,000 enterprises and 60 million individuals, according to media reports. The Company has now issued a 10Q report (10/10/23) providing details on the attack and recoveries … Read more
According to a new report by SNS Insider, the global penetration testing market anticipates reaching USD 4.13 billion by 2030, with a projected CAGR of 13.42% from 2023 to 2030. Several factors propel this growth, such as the rising sophistication of cyberattacks, the expanding embrace of cloud computing and mobile devices, and the growing demands … Read more