The Source for Cyber Insurance News, Insights and Data
“Business owners need guidance rather than a federal reinsurance backstop to help them navigate an increasingly volatile cyber insurance market, a panel of experts said recently.” Source: For Now, No Need for Federal Cyber Reinsurance Backstop: Experts
“(Chris) Reese brings more than 35 years of expertise in managing cyber insurance underwriting portfolios, crafting customized coverage, product development and insurance placement for cyber, technology E&O and professional liability, leveraging third party vendors to provide risk identification and mitigation support. Reese is a veteran of the insurance industry, having held leadership positions at NAS … Read more
“Are we de-facto targets? By D. Kellus Pruitt DDS Have you purchased cyber insurance yet, Doc? If you are a HIPAA covered entity, you’re going to need it. Press release: “AIG among insurers see…” Source: Cyber Insurance for Dentists? | The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants
Article notes that some Aussie businesses are slacking off on cyber security after they get coverage. Plus, local regulators are prodding cyber insurers to ensure their own cybersecurity houses are in order. There is an understanding among Aussie companies that cybersecurity is a growing risk, and that cyber insurance is something that might help. … Read more
2.3 million dark net accounts are operating in Russia and many offer stolen data, says expert from Russia’s largest bank. Cyber attacks have cost Russian companies and citizens up to $49 billion this year, according to the report. Source: Cyber Attacks Cost Russian Companies and Citizens $49B in 2020: Sberbank