The Source for Cyber Insurance News, Insights and Data
In a move sure to impact the cyber insurance and cybersecurity industries The National Security Agency (NSA) is creating a new Artificial Intelligence (AI) Security Center. The center will aim to be a “whole-of-government effort in conjunction with the private sector.” The new center was announced by NSA Director Gen. Paul Nakasone at a National … Read more
FreightWaves, has published an article on the importance of cyber insurance for logistics and supply chain businesses. It highlights the increasing risk of cyberattacks on these businesses and the potential financial and reputational damage that can result. Cyber insurance can help logistics and supply chain businesses to mitigate the risks of cyberattacks and to recover … Read more
Moody’s, the credit and risk rating company, surveyed 1,700 people from debt issuers representing $80 trillion in outstanding debt across “71 global sectors.” “Despite the higher cost of cyber insurance, only 3% of issuers said they planned to buy less cyber coverage in 2023 than in 2022. The vast majority (82%) plan to purchase about … Read more
The cyber insurance industry has long asserted that its underwriting processes, combined with security tech embedded in policies or supplied by third parties, will improve their clients’ security and impact the broader economy. Some carriers have provided statistics on breaches that appear to support the proposition. Cyber security company Netwrix tested this with a survey … Read more
Nord Security, a global leader in internet privacy and cybersecurity solutions announced that it has raised $100 million in a financing round led by Warburg Pincus. Existing investors Novator Ventures and Burda Principal Investments also participated in the round. Cyber insurance and the Nord Security investment The Nord Security investment is significant for the cyber … Read more