The Source for Cyber Insurance News, Insights and Data
“From mastering complex quests in mythical lands to outmaneuvering opponents in virtual battlefields, gaming has captured the hearts of millions worldwide. But what happens when a gamer’s account is compromised by a cyberattack and valuable digital assets are stolen? Waffle, an all-in-one consumer InsurTech solution, and BlinkSM by Chubb®, a growing suite of Chubb-backed digital … Read more
“The cost of cyber liability insurance has surged in recent years. The premium for Minneapolis Public Schools’ policy rose from $42,000 last year to more than $63,000 this year, and the deductible jumped from $50,000 to $100,000. MPS isn’t the only metro-area school district feeling the pinch. St. Paul Public Schools officials saw their cyber … Read more
Required to have cyber insurance by customers, but can’t afford it? Or don’t want to spend the money? Here comes a possible solution. “Characterizing today’s cyber insurance market as being similar to the Wild West, Struck says he would not be surprised to see ‘relatively low-cost cyber insurance that doesn’t cover much, but at least … Read more
“Multiple outlets reported Wednesday that DC Health Link suffered a data breach earlier this week. The company confirmed to Nextgov that data for select DC Health Link customers had been exposed on an unnamed public forum. Following the breach, the company said it is working with law enforcement and forensic investigators to determine the scope … Read more
A new French law, which kicks in April 24, requires companies to report cyber incidents to authorities within 72 hours or lose their eligibility for cyber insurance reimbursement. Qu’est-ce qui pourrait mal se passer? Well, there are a few little issues to iron out, say industry observers. Such as: *Report the incidents to whom? There … Read more