The Source for Cyber Insurance News, Insights and Data
A catastrophic cyberattack on America’s critical infrastructure is no longer a question of if but when. The new Netflix series Zero Day, starring Robert De Niro, dramatizes this terrifying reality—a massive cyber onslaught that cripples infrastructure, claims thousands of lives, and plunges the country into chaos. State-sponsored cybercrime, cyber warfare, or a Zero Day cyberattack … Read more
Marsh has introduced Cyber Echo Encore. This is an enhancement to its Cyber Echo insurance facility. The expansion provides up to $45 million in additional cyber insurance capacity. The cyber risk protection is underwritten by London market insurers outside of Lloyd’s. Broader Coverage Beyond Lloyd’s Market Lloyd’s launched Cyber Echo in 2016, making it the … Read more
Coalition, the “Active Insurance” provider, has appointed Maha Virudhagiri as its first Chief Technology Officer (CTO). Virudhagiri, formerly with Tesla and Ancestry®, will oversee engineering, IT, infosec, data, and AI efforts to bolster Coalition’s global cybersecurity and insurance solutions. Joshua Motta, Coalition’s CEO, expressed his excitement: “We’re thrilled to have Maha join our team to … Read more
Onda, a Lloyd’s-backed cyber MGA, has unveiled Onda X, a new cyber insurance product tailored for mid-market firms across the UK and France. Targeting companies with annual revenues between £100 million and £1 billion, Onda X offers primary and excess coverage limits up to £5 million to protect against cybercrime. As noted in the press … Read more
New AI Security Solution Addresses Lateral Movement and Wire Fraud Risks Following our recent reports on AI-driven cyberattacks, Cowbell has introduced IdentityAI, an AI-powered tool designed to detect and mitigate identity-based threats. This solution aims to address the growing risks of business email compromise (BEC), lateral movement, and fraudulent wire transactions—issues that have led to … Read more