cyber insurance best practices

Blumira and Trava Security Partner to Help SMBs Manage Cybersecurity Risks

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Blumira and Trava Security have announced a strategic partnership aimed at helping small-to-midsize businesses (SMBs) manage cybersecurity challenges, such as limited budgets, insufficient cyber-skilled training among employees, and the steadily growing number of cyber-attacks. The rise in cybercrime has led many companies to invest in cybersecurity software. However, smaller businesses often struggle to access sophisticated … Read more

Dragos Announces Partnerships to Enhance OT Cybersecurity Incident Response

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Dragos Inc., a cybersecurity firm specializing in operational technology (OT) environments, announced partnerships with several insurance providers, brokers, and legal firms. The collaboration aims to create a unified incident command structure and improve coordination between internal and external teams during cyber incidents. The companies involved in these partnerships include Antigen Security, AEGIS Insurance, Arch Insurance, … Read more

Navigating the Uncharted Waters of Cyber Catastrophes: Chubb’s Approach

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In an era dominated by technology, the specter of a cyber catastrophe looms large, posing a threat not fully comprehended. Companies are racing to bolster cyber resilience, and insurers are crafting solutions to these escalating risks. In the Q&A, shared by Chubb, Michael Kessler, Vice President, Chubb Group and Division President, Global Cyber Risk, discusses … Read more

Cyber Insurance: A Must-Have for Businesses in the Digital Age

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In today’s digital age, cyber threats are a constant reality for businesses of all sizes. A single data breach can have devastating financial consequences, from lost revenue and customer trust to hefty fines and legal fees. That’s why cyber insurance is more important than ever before. A recent survey by Netwrix, a cybersecurity vendor, found … Read more

The Largest Cyber Insurance Claim Ever Paid?

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Cyberattacks are becoming increasingly common and costly. In 2017, one of the largest cyber insurance claims ever paid was a whopping $100 million, paid out to Mondelez International. Mondelez is a multinational confectionery, food, and beverage company with brands such as Oreo, Cadbury, and Trident. $100 million claim The cyberattack on Mondelez was a ransomware … Read more

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