AIG

AIG Cyber Insurance on Hook for Hack of Norsk Hydro

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The global aluminum and energy company, known as “Hydro,” estimated damages at up to app. USD $74 million. “The company has a robust cyber insurance in place with recognized insurers,” it said in a statement. “The (March) attack affected our entire global organization, with the business area Extruded Solutions having suffered the most significant operational … Read more

CYGNVS™ Breaks Stealth Mode with $55m A Round from Andreessen; Developed Platform with AIG 

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Led by Andreessen Horowitz, the round included participation from Stone Point Ventures and EOS Venture Partners. Use of proceeds include expanding sales and building out the platform for an “end-to-end response process.” “CYGNVS (an acronym of CYber GuidaNce Virtual Space) empowers organizations to reduce their risk before a cyber crisis through preparation and practice and … Read more

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