The Source for Cyber Insurance News, Insights and Data
As usual, a few items from the week. Some we reported on, and others we found interesting. Plenty of cyber insurance news for small and medium enterprises and something for the individual; AXA XL and CFC add to their ranks, and Clorox and Johnson Controls detail the costs of cyberattacks. There’s more than that, so … Read more
In a strategic move to bolster its cybersecurity leadership, CFC, a pioneering insurance provider in emerging risks and a cyber market leader, has announced the appointment of Jason Hart as the Head of Proactive Cyber. Hart, is a cybersecurity thought leader and member of the Forbes Technology Council. He boasts an impressive track record with … Read more
Quotey, the multi-insurer commercial lines quoting and cover comparison tool in Canada, has expanded its marketplace to include CFC’s Cyber insurance product. CFC, a global specialist insurance provider and leader in cyber risk, will now offer instant cyber insurance quotes through Quotey. Canadian brokers using Quotey can access CFC’s quotes for over a thousand specific … Read more
It’s been a “PR disaster” says the CEO of managing general agent (MGA) CFC, which has a Lloyd’s syndicate. The Lloyd’s announcement caused “panic” by making insurance buyers think that no attacks linked to nation states will be covered, which is far from true. “It really is such a shame to see a change in … Read more
CFC offers cyber-insurance policy encryption to prevent crooks from learning how much your carrier would pay in an attack. “James Burns, Head of Cyber at CFC, said, ‘Our goal is to ensure that should a customer’s policy documents fall into the wrong hands, it can’t be used as leverage in an extortion attempt. While it’s … Read more