The Source for Cyber Insurance News, Insights and Data
With this round, the insurtech has raised US$24.5 million. Zurich Insurance participated in both rounds. BOXX says it’s grown 10X in the last 24 months and now serves over 250,000 individuals and 10,000 businesses. The investment and BOXX’s growth demonstrated the continued traction of tech companies that combine insurance with security applications. “We’re not only … Read more
The hints come from an article by the National Security Agency’s (NSA) former general counsel, Glenn S. Gerstell, who’s been involved in development of the plan. He predicts a much more detailed cyber strategy than in past and indicates increased federal involvement is coming, because: “Market forces are not enough.” That includes reliance on cyber … Read more
…unless the hospital has no cyber insurance, in which case the board and CEO are the ones with insomnia. Tallahassee Memorial HealthCare, a 772-bed hospital with specialty care centers, has shut down its IT system and is diverting emergency patients to other hospitals. The apparent cause: a ransomware attack. “‘We continue to divert some EMS … Read more
Guardz offers “a SaaS-based set of low-code security tools designed for businesses using cloud services, designed to be implemented without any specific security or advanced technical expertise; and insurance to help cover organizations in cases where something is disrupted.” The round included Hanaco Ventures, with iAngels, GKFF Ventures and Cyverse Capital. Guardz’ valuation was not … Read more
The carrier, backed by Coalition’s active insurance platform, rolls out across the nation during 2023. It received an A- rating from AM Best at the end of January. Source: Coalition Launches Full-Stack Cyber Insurer for SMBs