The Source for Cyber Insurance News, Insights and Data
Here it is—Your Cyber Insurance Sunday—Upload. The latest cybersecurity insurance news. A few items from the week: Reports on critical infrastructure risk by the GAO and Chaucer; Blumira and Trava Security partner; SecurityScorecard looks to the skies; there is always lots of ransomware news; and IBM looks at the cost of data breaches. There’s more. … Read more
Coalition has launched its Active Cyber Insurance in Germany through its subsidiary, Coalition Insurance Solutions GmbH. This new insurance offering is available starting today. The Federal Financial Supervisory Authority’s 2024 Risks in Focus Report, produced by BaFin Germany’s Federal Financial Supervisory Authority, identifies cyber-attacks and IT system breakdowns as major threats to German businesses. Coalition’s … Read more
The aviation industry is a marvel of complexity, coordinating intricate schedules, unpredictable weather patterns, and the seamless flow of information across digital networks. From customer interactions to internal communications, the industry’s reliance on these digital systems is paramount for maintaining ongoing and reliable operations. Ensuring the cybersecurity of these systems is thus critical. With news … Read more
Boost Insurance Holdings, Inc., an infrastructure platform for MGAs, independent brokers, and emerging digital insurance providers, announced in a press release that it has secured a significant equity investment from BHMS Investments, LP. This investment aims to fuel Boost’s growth, product development, and market leadership in the MGA infrastructure space. Boost offers highly configurable, tech-enabled … Read more
UK utility companies faced a significant surge in cyberattacks in 2023, with 48 breaches recorded, marking a staggering 586% increase from the previous year, according to global specialty (re)insurance group Chaucer. The rise in incidents, partly attributed to state-backed hackers, has heightened concerns about potential infrastructure-targeted attacks amid escalating geopolitical tensions. Utilities providing power and … Read more