The Source for Cyber Insurance News, Insights and Data
“For example, increased SEC disclosure requirements may heighten your need for PR firms specializing in cyber crises.” Source: Proposed SEC Cybersecurity Rules Require Public Companies to Act Now | Woods Rogers PLC – JDSupra
“Adam Frumkin, chief information officer at the Franklin County, Ohio, Data Center and his team answered almost 500 questions in a back-and-forth with a cyber insurance provider last year. In the end, they got coverage – but for half the amount at double the cost.” Source: Agencies confront rising cyber insurance rates – GCN
“Data in motion is the most valuable data for companies. It’s also the data that carries the most risk for network security,’ says Stephen Cardot, founder and CEO of CloudCover. ‘Cyber insurance should be proactive risk management, not proactive disaster recovery, and our Cybersecurity Network Data Insurance utilizes the data derived from the CC/B1 about a company’s cyber risk to … Read more
Where reporting requirements exist, lawsuits follow. “The Cyber Incident Reporting Act puts in motion important new cybersecurity reporting requirements that will likely apply to businesses in almost every major sector of the economy, including health care, financial services, energy, transportation and commercial facilities.” Source: Biden Signs Cyber Incident and Reporting Act, Requires Reporting
The cyber insurance market has now been around long enough that, to use the lingo, “native” cyber insurance pros are now climbing the career ladder. “Tresa Stephens has been promoted to regional head of cyber, tech and media in North America at Allianz Global Corporate & Specialty (AGCS) and she recently spoke to Insurance Business about her new … Read more