The Source for Cyber Insurance News, Insights and Data
“Amazon’s foray into UK business insurance with Superscript follows US insurtech firm Next Insurance’s announcement back in March that it would be offering insurance to US small businesses via Amazon Prime.” Amazon has partnered with Superscript to start offering insurance to small and medium-sized businesses in the UK, with companies soon able to order cyber … Read more
“‘Progressive versions of workers’ comp have led to improved employee health and safety measures and proactive prevention efforts to reduce the risk of workplace injuries,’ Kundi said. ‘Similarly, as we better understand cyber risk, better data will show the connection between risk mitigation and cyber losses, pressuring companies to invest in security and protection.’” … Read more
“The Biden administration hopes that their new informal group, which they’re calling the Counter-Ransomware Initiative, will bolster their diplomatic push that has included direct talks with Russia as well as the NATO alliance and Group of Seven (G7) wealthy nations.” Source: White House Plans 30-Country Meeting to Combat Ransomware and Cyber Crime
“’Threat actors have moved to engaging in double extortion, meaning that the hackers would threaten to release private information if the organization doesn’t pay,’ said Angela Feudo (pictured below), manager, professional solutions, Trisura Guarantee Insurance Company. ‘Threat actors are also using distribution denial of service [“DDoS”] attacks as well on their victims to put pressure … Read more
“One of the numerous requirements is for organizations to implement and run a PAM (Privileged Access Management) tool that will continuously scan access, provides Just In Time Access (JITA), and delivers protection when credentials are compromised.” CynergisTek (CTEK), a leading cybersecurity firm helping organizations in highly regulated industries navigate emerging security and privacy issues, announces … Read more