The Source for Cyber Insurance News, Insights and Data
The Cyber Monitoring Centre (CMC) has launched a classification system to categorize cyber events affecting UK organizations. This initiative provides a way to assess and communicate the severity of cyber incidents. The system ranks events on a scale from one (least severe) to five (most severe). Cybersecurity Monitoring The way we think about the Cyber … Read more
A new report from SecurityScorecard reveals some interesting details about third-party cyber risks in insurance. Among them, 59% of insurance industry breaches stem from third-party attack vectors. These findings underscore vulnerabilities in the supply chain that expose critical policyholder data to cyber threats. The study analyzed 150 top insurance firms, revealing an industry struggling with … Read more
Converge Insurance has secured underwriting capacity from Obsidian Insurance Group. This enables it to offer cyber insurance for companies with up to $1 billion in revenue. A panel of reinsurers backs the partnership and aims to support wholesale brokers with comprehensive cyber coverage. Expanded Cyber Insurance Capacity Converge cyber insurance offerings include: Leadership Statements on … Read more
The Beckage Firm has announced the promotion of Lee Merreot, Esq., CIPM, CIPP/US, and CIPP/E to partner. The women-owned firm specializes in cybersecurity and data privacy law. Lee Merreot’s Role at The Beckage Firm Merreot has been a key member of The Beckage Firm, advising businesses on privacy and cybersecurity compliance. She helps companies implement … Read more
Global insurance provider CFC has promoted two senior leaders to unify its cyber and proactive security teams worldwide. James Burns Named Global Head of Cyber Insurance CFC has promoted James Burns to Global Head of Cyber, a newly created role. Burns, who has been with CFC for 12 years, has led the company’s cyber strategy … Read more