The Source for Cyber Insurance News, Insights and Data
I read it and thought this isn’t new, “97% of Leading U.S. Banks Impacted by Third-Party Data Breaches in 2024.” I went to check on SecurityScorecard’s website. I was wrong; it is new, and I’d confused it with this press release from last month, “97% of Top U.S. Retailers Experienced a Third-Party Breach.” While my … Read more
Chief Information Security Officers (CISOs) might want to polish off their resumes. Cybersecurity firm Derive suggests the CISO role could become a “dying breed.” The Virginia-based company has launched a next-generation platform it claims can replace CISOs with data-driven insights. Derive’s Cyber Risk Quantification (CRQ) platform promises to redefine cybersecurity leadership. The system quantifies cyber … Read more
Lloyd’s of London has launched a standalone cyber insurance consortium with HITRUST and an association of AA-rated carriers. The program offers HITRUST-certified organizations broader coverage, lower premiums, and a simplified cyber insurance experience. The initiative rewards HITRUST-certified organizations with advantages such as competitive insurance rates, streamlined underwriting processes, and extensive coverage. HITRUST has established its … Read more
As if online predators and the adverse effects of social media on children’s development weren’t enough to keep parents awake at night, the digital age has added a new nightmare to the list: identity theft. Children’s personal information is increasingly exposed online. As you can imagine, criminals are exploiting their digital footprints to commit fraud, … Read more
The challenges of cyber risk assessment and cyber insurance are transforming the cybersecurity landscape, with technology service providers (TSPs) playing a pivotal role taking on these issues and improving the cyber insurance process. This is according to Info-Tech Research Group’s latest report. The report Launch Cyber Insurance Support Services outlines how TSPs help organizations meet … Read more