The Source for Cyber Insurance News, Insights and Data
MGM Resorts International’s stock saw a 4.86% increase, closing at $36.48 on Friday. The move was buoyed by news that the company possesses ample cyber insurance to mitigate losses from a recent cyberattack. Over the past month, the stock had suffered a 16% decline. The Las Vegas-based firm projects that the September cyberattack will negatively … Read more
Amid the Wall Street Journal exclusive report on the MGM hack, an intriguing detail emerges. MGM has affirmed that it is poised to mitigate the financial impact of the cyberattack with its cyber insurance. The indication? It won’t significantly affect MGM’s performance for the year. The WSJ headline centers on MGM’s refusal to pay the … Read more
India is one of the world’s fastest growing economies. It should come as no surprise that a new Deloitte report asserts that the cyber insurance landscape in India is ready for substantial growth. That report, “Cyber Insurance in India,” sheds light on the sector’s burgeoning potential. As the nation accelerates its digital transformation, industries deeply … Read more
Resilience, a cyber risk solution provider, raised its underwriting capacity to £10 million ($12 million) for UK and EU insureds. RSA Insurance and R&Q Accredited have made this expansion possible through a strategic partnership. HDI Global Specialty supports Resilience’s existing capabilities in the UK and the EU, which aligns with Resilience’s overall strategy. Cyber threats … Read more
Insurance and security intertwine. That makes investments in cybersecurity a vital part of the evolving cyber insurance industry. This makes today’s announcement that Strategic Cyber Ventures (SCV) has invested $1 million in Evo Security worth noting. SCV is a provider of enterprise-grade identity and access management (IAM) products for Managed Service Providers (MSPs). IAM is … Read more