The Source for Cyber Insurance News, Insights and Data
The Index has been established by PERILS, the Swiss-based provider of catastrophe insurance data, and CyberAcuView, an organization set up by cyber insurers. The Index will include primary losses from systemic cyber incidents affecting more than one insurer and one policyholder. It will report events exceeding $500 million in industry losses within six months after … Read more
PERILS, an independent organization providing industry-wide catastrophe insurance data, and CyberAcuView, an organization set up by leading cyber insurers, have launched a US Cyber Industry Loss Index. The index will report affirmative US primary cyber market losses resulting from systemic cyber incidents that affect more than one insurer and more than one policyholder. The reporting … Read more
OrthoVirginia Inc., with 105 surgeons across Virginia, was hit by Ryuk ransomware, which among other damage took down the practice’s database of X-rays. It took the organization 18 months to get back all its systems. This report has interesting details on the response. Notable is the mention of conflicts between the company’s malpractice and cyber … Read more
A bipartisan group of senators introduced the Small Business Cyber Resiliency Act to provide small businesses with improved access to top-of-the-line cybersecurity resources. The bill was introduced by Senators Jeanne Shaheen (D-NH), Jim Risch (R-ID), Mike Crapo (R-ID), and Catherine Cortez Masto (D-NV). “Properly combatting cyberattacks on energy infrastructure is critically important. By requiring Senate … Read more
Cowbell will acquire data from Cloudflare, a provider of anti-DDOS and other security solutions to a wide range of customers. The integration will allow Cowbell to improve risk modeling and provide pricing breaks to its policy holders. Tapping onto the ecosystem of IT providers used by their policy holders appears to be a key part … Read more