The Source for Cyber Insurance News, Insights and Data
CyberCube dubbed the recent Amazon Web Services (AWS) outage “Amazonk.” The outage disrupted major platforms, including Snapchat, Fortnite, Roblox, Coinbase, and Venmo. Cyber insurance companies are now assessing the financial fallout, with CyberCube estimating potential losses between $38 million and $581 million. CyberCube’s Analysis Highlights Moderate Loss Ratios CyberCube’s report notes that the outage “is … Read more
Major Investment Secures Growth Path CyberCube has secured over $180 million in funding from Spectrum Equity, pending regulatory approval. Spectrum joins ForgePoint Capital, Hudson Structured Capital Management, and MTech Capital as investors. The funding strengthens CyberCube’s role as a cornerstone analytics provider for the cyber insurance sector. CyberCube serves more than 130 clients, including 75% … Read more
Planting More Than One Crop Against Cyber Storms A farmer who plants only corn risks losing the harvest if blight strikes. A diverse field, with wheat and beans mixed in, weathers trouble better. CyberCube’s new report says insurers face the same choice. Diversifying cyber insurance portfolios and strengthening cybersecurity controls protects against catastrophic losses. A … Read more
Lockton Re has taken a step in reshaping its cyber risk management by becoming the first reinsurance broker to deploy CyberCube’s new Exposure Manager (XM) platform. The move highlights a growing demand for sharper visibility into cyber portfolio risk. This reality is driven by the fact that insurers and reinsurers are facing escalating cyber threats, … Read more
New Platform for Cyber Insurance Market – CyberCube has launched Exposure Manager (XM), a platform designed to evaluate cyber risk across entire insurance portfolios. The tool offers quantified exposure data and is already adopted by leading global (re)insurers. Addressing Cyber Risk Gaps Insurers and reinsurers previously relied on static summaries and fragmented views. XM replaces … Read more