Cloud Security

First-Ever Cloud Outage Cat Bond: A Game Changer for Cyber Insurance

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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

Get Your Head in the Cloud to Win the Trust of Cyber Insurers: Trend Micro 

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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

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