The Source for Cyber Insurance News, Insights and Data
PERILS, an independent organization providing industry-wide catastrophe insurance data, and CyberAcuView, an organization set up by leading cyber insurers, have launched a US Cyber Industry Loss Index. The index will report affirmative US primary cyber market losses resulting from systemic cyber incidents that affect more than one insurer and more than one policyholder. The reporting … Read more
Ransomware is a type of malware that encrypts files on a victim’s computer, making them inaccessible. The attackers then demand a ransom payment in exchange for the decryption key. The Department of Homeland Security (DHS) and the Department of Justice (DOJ) offer a resource, StopRansomware.gov, to help businesses mitigate their ransomware risk. The site provides … Read more
The Federal Communications Commission (FCC) has released a set of ten cybersecurity tips for small businesses. These tips are designed to help small businesses protect themselves from cyber-attacks. FCC Tips The FCC has also created a free tool called the Small Biz Cyber Planner to help small businesses create customized cybersecurity plans. You can find … Read more
1Fort, a leading cyber insurance solution, has added Leon Rishniw to its founding team as Chief Information Security Officer (CISO). Rishniw is a veteran in the cyber insurance and security industries, with over 25 years of experience. He was the first Head of Engineering at Coalition, a leading cyber insurance provider, and led the development … Read more
Artificial intelligence (AI) is one of the most transformative technologies of our time. With this transformative power comes a number of new and emerging threats that bring cybersecurity and cyber insurance to the forefront. The Beazley Spotlight on Cyber and Technology Risks 2023 report states, “For the insurance industry, working with clients to help them … Read more