The Source for Cyber Insurance News, Insights and Data
Onda has formed a strategic partnership with Panorays to integrate Panorays’ cyber risk assessment tool into its platform. This two-year collaboration aims to streamline Onda’s cyber insurance underwriting process and improve the determination of insurability against cyber threats. According to a Panorays press release, the partnership will enhance Onda’s risk assessment and monitoring capabilities, giving … Read more
The insurance industry has used artificial intelligence (AI) for years in applications such as risk modeling, data forecasting, claims handling, and contact center operations. Now, Sixfold aims to transform how insurers assess cyber risks, helping them adapt to evolving threats and improve underwriting accuracy. With cyber insurance premiums projected to exceed $20 billion by 2025, … Read more
In espionage, as dramatized in the Mission Impossible movies, masks, and high-tech gadgets are often used to fool security systems into thinking someone is who they are not. In reality, if in a slightly less action-packed style, today’s cyber attackers are doing much the same—using stolen or fake identities to slip past digital defenses and … Read more
Security Fix Backfires, Creating More Problems The CrowdStrike outage that began on July 19, 2024, serves as a critical reminder of the vulnerabilities in our digital infrastructure and the profound dependency on cybersecurity solutions. A routine sensor configuration update went awry, leading to a system crash affecting millions of devices globally, particularly those running on … Read more
“Artificial intelligence systems” (“AIS”) and “external consumer data and information sources” (“ECDIS”) can help insurers and companies, New York State regulators concede, but the technologies better not hurt “protected classes” or “perpetuate or amplify systemic biases that have resulted in unlawful or unfair discrimination,” warns the state in new regulatory guidance. Given the complexity of … Read more