The Source for Cyber Insurance News, Insights and Data
Tax, audit and advisory firm Grant Thornton has ideas. “Some sort of shared access, as opposed to aggregated purchasing, may gain some of the advantages without triggering these issues (challenges in portfolio-wide cyber insurance requirements and purchasing.) Another promising approach would be for PE firms to create financial incentives, possibly funded by a shared pool, … Read more
Summarized from the press release: Sophos has joined forces with Cowbell to provide small and medium-sized enterprises (SMEs) with an easier way to access cyber insurance. The partnership allows Sophos customers to share their security health information with Cowbell, streamlining the insurer’s risk assessment process and enabling assessors to evaluate defenses against requirements for insurance … Read more
Peter Hedberg, Vice President of Cyber Underwriting at Corvus Insurance, worries the hackers may benefit more in the short term: “Chat GPT removes a lot of markers because the answers that this technology delivers seems so natural and so human, however this also allows for the attack vector to scale effectively. So, instead of spending … Read more
It’s interesting to note the cyber insurance industry has now been active long enough for senior executives to have come up through the ranks for years… “Mrs. Shepherd joined Great American in 2018 as a Divisional Senior Vice President and was instrumental in consolidating the company’s cyber risk products and programs. She oversees the company’s … Read more
This TechTarget article includes results from the useful Delinea white paper: “Cyber Insurance – If You Get It, Be Ready to Use It.” “(Kurtis Minder, CEO of cybersecurity vendor GroupSenseMinder) has observed threat actors only becoming more ruthless in exploiting enterprises. For example, earlier this month the Alphv ransomware gang leaked photos of cancer patients … Read more