The Source for Cyber Insurance News, Insights and Data
The persistent threat of ransomware continues to pose significant dangers to organizations worldwide. Recent news from around the world highlights the idea that combating this menace should involve banning ransomware payments to curb the growing threat. In light of these developments, the Marsh report, “Ransomware: A Persistent Challenge in Cyber Insurance Claims,” provides valuable insights … Read more
SPECTRA has announced its new Certification and Cyber Resilience Warranties, now available to Ingram Micro channel partners in the U.S. Members of Ingram Micro’s SMB Alliance and TRUST X Alliance communities can access these warranties, valued up to one million dollars per customer at a special rate until the end of summer. This initiative is … Read more
Cavelo Inc. and DataStream Insurance have partnered to simplify the cyber insurance process for Managed Service Providers (MSPs). This collaboration aims to help MSPs manage cyber risk more effectively and access lower insurance premiums. As cyber threats increase, organizations face higher risks of data breaches, increasing the liability and legal risks for MSPs. Many MSPs … Read more
Amid the rising tide of cybercrime and frequent hacking incidents, Vantage Group Holdings Ltd. (Vantage) has introduced U.S. primary cyber insurance to meet the growing demand for robust cyber risk management. This new coverage offers up to $10 million in capacity. It also marks an expansion of Vantage’s insurance capabilities in both the U.S. and … Read more
In the world of cybercrime, few experiences are as frustrating as paying a ransom to recover stolen data only to remain empty-handed. This stark reality is highlighted in the issue of ransomware data recovery where recent studies reveal that 1/3 of ransomware victims did not recover data even after paying up. For individuals and businesses, … Read more