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Coalition, an insurance company focused on digital risk prevention, announced the integration of its Coalition Control platform with major cloud services, including Microsoft 365, Google Workspace, and Amazon Web Services. This new feature will allow businesses to connect their cloud services to Coalition Control, aiming to provide a more comprehensive view of their cybersecurity risks. … Read more
In a groundbreaking venture into the financial aspects of cybersecurity, Parametrix, a front-runner in cloud monitoring and insurance, and Hannover Re, a leading global reinsurer, debuted the first-ever Cumulus Re catastrophe bond. Valued at $13.75 million, this bond is specifically designed to mitigate losses due to prolonged cloud service outages. This is an increasingly critical … Read more
Cyber liability insurers are scrutinizing clients for trending security shortfalls. A key one: cloud misconfigurations, which represent the third most common attack vector and are linked to 80% of ransomware attacks, according to the report. “Furthermore, Gartner predicted that by 2025, 99% of cloud security failures would be the customers’ fault, suggesting that misconfigurations will … Read more