The Source for Cyber Insurance News, Insights and Data
“Because the market is changing so rapidly, what underwriters require today might look completely different compared to what we may require in 30-days’ time. As such, it’s important for brokers to work with clients to ensure they have baseline standard controls like multi-factor authentication (MFA) in place, and that they get a high-level assessment of … Read more
Jack Kudale, Co-Founder and Chief Executive Officer + Rajeev Gupta, Co-Founder and Chief Product Officer
“(T)he new year will continue to reveal the consequences of the 2021 acceleration of business digitization, with an explosion of incidents related to the software supply chain. This will drive demand and innovation in the cybersecurity market along with the need for refined coverages and a more thorough assessment of cyber risk for insurance purposes.” … Read more
“Nearly 60% of cannabis businesses say they haven’t taken the necessary steps to prevent cyberattack, but the winds are changing…” Source: 2022 Cannabis Industry Outlook: Your Business’ Future Depends on its Risk Management – Cannabis Industry Journal
“Attestations will become a thing of the past, and policy holders will need to prove, with proper documentation, that the controls they say are in place are truly there. The burden of proof will be on the entity, not the insurance company, to prove the controls in the policy were being followed prior to a … Read more