The Source for Cyber Insurance News, Insights and Data
The global Cyber Insurance Market is poised for substantial growth. New research expects it to reach a staggering USD 97.6 billion by 2032. Analysis from Acumen Research and Consulting indicates this surge is driven by the escalating frequency and severity of cyber-attacks worldwide. Cyber insurance, designed to cover financial losses resulting from cyber threats such … Read more
Adlumin, a security operations platform and managed detection and response (MDR) service provider, has announced two new offerings to help small and mid-sized organizations (SMBs) improve their cybersecurity posture and get access to cyber insurance coverage. The first offering is the Adlumin Protect Warranty. It provides up to $500,000 in financial protection at no cost … Read more
SecurityScorecard generates the equivalent of a credit score for a company’s cyber security (see below). Measured Analytics and Insurance will use (good) cyber scores to provide coverage discounts, as well as identify needed security improvements. This marks another partnership between insurance carriers and security tech providers, from assessment specialists such as SecurityScorecard to vendors of … Read more
Cyber Insurance News has wondered how often ransomware gangs — groups of criminals often supported by hostile foreign powers — can be trusted. We asked Jennifer Coughlin of Mullen Coughlin, “a law firm uniquely dedicated exclusively to representing organizations facing data privacy events, information security incidents, and the need to address these risks before a … Read more
Risk Placement Services (RPS), a national brokerage, calls itself “brokers in bold.” It recently presented its quarterly cyber update, including a report and presentations by RPS’ Steve Robinson, national cyber lead, Vice Presidents Tim Foody and Zach Kramer, and Jennifer Coughlin of Mullen Coughlin, “a law firm uniquely dedicated exclusively to representing organizations facing data … Read more