Cyber liability Insruance

FortiFI: One-Stop Cyber Insurance for Financial Institutions

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IQUW introduced FortiFI, a new insurance product combining Financial Institutions (FI) coverage with Cyber insurance, specifically tailored for U.S. clients. This integration addresses the growing concerns around cybersecurity, especially given that nearly 20% of global cyber-attacks target financial institutions. Tristram Prior, Lead Underwriter for IQUW Financial Institutions, emphasized the product’s significance, stating that a recent … Read more

Streamlined Cyber Insurance for Small Businesses: Acronis Partners with Mulberri

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Mulberri, an AI-driven insurance platform, and Acronis, a leader in cyber protection, announced a new partnership today to offer cyber insurance specifically designed for small and medium-sized businesses (SMBs) in the United States. This collaboration integrates Mulberri’s cyber insurance directly into the Acronis platform, enabling Acronis’s customers to easily opt-in for coverage. This partnership is … Read more

Cowbell Promotes Key Executives, Enhances Cyber Insurance Leadership

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Cowbell, a player in the cyber insurance sector specializing in providing small and medium-sized enterprises with comprehensive cyber insurance coverage, has announced the elevation of two key executives as part of its strategic initiative to enhance its leadership structure. Sahar Sabouni, previously serving as Head of Employee Success, has been promoted to Chief People Officer, … Read more

Ballistic Ventures Raises $360 Million to Fuel Cybersecurity Innovation: What It Could Mean for Cyber Insurance Coverage

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Ballistic Ventures has closed its second fund, gathering $360 million to fuel innovations in the cybersecurity arena. This development marks a significant milestone in the firm’s commitment to fostering the next generation of cybersecurity solutions. With the sector’s total addressable market projected to swell to between $1.5 trillion and $2 trillion, Ballistic Ventures aims to … Read more

AI to Increase Cyber Attacks Until Countermeasures Catch Up Over Next 2 Years: Lloyd’s Report

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“The impact of GenAI on the cyber landscape is likely to increase the frequency, severity, and diversity of smaller scale cyber attacks, which will grow over the next 12-24 months, followed by a plateauing as security and defensive technologies catch up to counterbalance their impacts,” predicts the report, “Generative AI: Transforming the Cyber Landscape.” The … Read more

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