Worried About Cyber Security & Insurance for Your Yacht Fleet? There Are Specialized Services for this Vertical Too 

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A guide to cyber considerations impacting the maritime industry is at the link… “Dryad Global provides maritime cybersecurity services that meet current and existing recognized international (IMO) standards including various flag states, NIST, BIMCO, and multiple insurance company and underwriter requirements.” Source: Maritime Cyber Security & Risk Management for Yachts and Yacht Managers

Better Not Fib on Your Cyber Application —  Insurers Clamp Down on Accuracy of Clients’ Self-Attestations of Security Controls

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A hacked company claimed damages but was sued and had its coverage voided for falsely claiming it had MFA… “‘The lawsuits and the rescinding of coverage, the calling out of the insured and the policyholders on little fibs that they told, or omission of details around how they’re protected in their secure practices’ appear to … Read more

SoFi Jumps Into Personal Cyber Insurance Sector 

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“Blink by Chubb offers a suite of Chubb-backed personal insurance products distributed through the company’s digital brokers and affinity partners, such as SoFi. Chubb is the world’s largest publicly traded property and casualty insurance company. Blink Cyber is a stand-alone insurance policy that addresses the needs of customers facing the increasingly growing risk of cyber-attacks. … Read more

Liberty Mutual’s Safeco Offers Personal Cyber Coverage 

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“As part of the endorsement, Safeco also provides customers with expert-level case management and guidance from a dedicated team of specialists in the event of a cyber exposure. The endorsement includes proactive, comprehensive credit and deep web monitoring for sensitive information that may be posted for sale. Safeco products are available through a network of … Read more

Why Did the White House Decide NOT to Ban Ransomware Payments? 

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“’It is so hard and so much more work needs to be done to improve the security of tech, to improve the cybersecurity of systems, that we’d essentially be pressing victims to make their payments go undercover,’ (deputy national security advisor for cyber and emerging technology Anne) Neuberger said.” Source: US government rejects ransom payment … Read more

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