The Source for Cyber Insurance News, Insights and Data
Here it is – Your Cyber Insurance Sunday – Upload — A few items from the week. Some we reported on, and others we found interesting. Lloyd’s looks at the impact of AI, some rough news for insurtech investments, and just a little bit (sarcasm) on the UnitedHealth hack, dubbed by some as “the most … Read more
In a feat of fundraising, Shield Capital proudly announced the successful conclusion of its inaugural venture capital fund. The Shield Capital Fund I, L.P., is a venture capital initiative primarily targeting early-stage investments in artificial intelligence, autonomy, cybersecurity, and space. Notably, this $186 million in capital commitments exceeded its initial target by a substantial 55%, … Read more
In a move sure to impact the cyber insurance and cybersecurity industries The National Security Agency (NSA) is creating a new Artificial Intelligence (AI) Security Center. The center will aim to be a “whole-of-government effort in conjunction with the private sector.” The new center was announced by NSA Director Gen. Paul Nakasone at a National … Read more
Artificial intelligence (AI) is one of the most transformative technologies of our time. With this transformative power comes a number of new and emerging threats that bring cybersecurity and cyber insurance to the forefront. The Beazley Spotlight on Cyber and Technology Risks 2023 report states, “For the insurance industry, working with clients to help them … Read more
No doubt the major insurtech players (and, of course, the hackers) have a good start on leveraging AI for their business challenges. This report covers some of the areas AI will impact in the short term. “AI automation could make the claims filing, evaluation, and settlement processes more efficient. ‘Algorithms that use machine learning can … Read more