The Source for Cyber Insurance News, Insights and Data
The lesson Moline had already heeded was to have cyber insurance. Tokio Marine paid out $404,764 for losses the city suffered in a phishing scheme that directed wire transfers to a scammer. The second lesson was prompted by the attack and its aftermath. “Moline has since reviewed all of its internal control policies with the … Read more
“But there is currently no good way for talking about and dividing up the different impacts of a single piece of code in the context of insurance claims, so the question becomes misleadingly binary: Was NotPetya’s impact an act of cyberwar or not? Merck wasn’t specifically targeted by NotPetya; it was a noncombatant outside the … Read more
“NordPass will now be incorporated into Cowbell Rx, Cowbell’s referral platform for cyber security solutions and risk management, as part of the deal. Policy holders will also be offered a 15% discount on NordPass Business.” Source: NordPass teams up with insurance provider Cowbell Cyber to improve security awareness | IT PRO
“‘Cyber insurance is a unique partner in the pursuit of comprehensive digital risk management,’ said Patrick Donahue, Director of Product at Cloudflare. ‘At-Bay is dedicated to incentivizing their customers to adopt effective security measures, and together, customers with both At-Bay cyber insurance and Cloudflare security tools in place are in a strong position to manage … Read more
“The affordability of cyber insurance was flagged as a concern by US-based News Corp when it reported a cyber attack earlier this month. The group said: ‘The company cannot be certain that its current level of insurance or the breadth of its terms and conditions will continue to be available on economically reasonable terms.’” Source: … Read more