Surefire Cyber Launches Services for Cyber Insurers & Clients; Closes $10 Million “A Round” 

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Investors continue to back insurtech companies focused on cyber. Forgepoint Capital did this round. “‘Surefire Cyber’s goal is to work with our clients and partners to swiftly manage a cyber incident and then bring forward capabilities to help them become more cyber resilient.  Our delivery of end-to-end digital forensics and incident response capabilities is built … Read more

Rhu-row — Cyber Insurance May Not Cover “Phishing” Fund Diversion Scams 

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Note the language in the policy that appears to exclude losses from similar scams. It’s in the courts now. “Star Title’s employees purportedly failed to authenticate the perpetrator’s wire instructions. Upon learning that the fraudster had diverted the funds, Star Title tendered a wire fraud claim to its cyber insurance carrier, which denied coverage.” Source: … Read more

Expand TRIP To SMEs And Cover International Attacks That Impact US: Self-Insurance Institute Of America (SIIA)

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“’In general, providing coverage under TRIP for damage inside the US from a foreign event would be best considered as a type of loss that was envisioned to fall under the umbrella of coverages under TRIP. Foreign events such as those contemplated in the Treasury’s inquiry would meet the intent of covered damage under TRIP … Read more

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