The Source for Cyber Insurance News, Insights and Data
“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
In its latest report, Netwrix unveils the stark and growing menace of cyberattacks that have surged over the past year. The 2024 Hybrid Security Trends Report, distilled from a survey of 1,309 IT and security experts worldwide, exposes that a staggering 79% of organizations have been prey to cyberattacks in the last 12 months—marking an … Read more
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