The Source for Cyber Insurance News, Insights and Data
Netwrix, a cybersecurity solutions provider, has unveiled alarming statistics from its 2024 Hybrid Security Trends Report, focusing on the managed service provider (MSP) sector. According to the report, a staggering 76% of MSPs detected cyberattacks on their systems in the past year, mirroring the broader trend across all industries surveyed. Managed Service Providers (MSPs) offer … Read more
Cyber cat bonds issued over the last year are trading above par, “(a)n indication that these bonds are sought after in the secondary market and have not seen spread widening, but in fact have seen spreads tightening,” Dirk Schmelzer, Head Portfolio Manager ILS/CAT Bonds and Partner at Plenum Investments AG, told Artemis, a provider of … Read more
In the realm of data protection, the principle of “two is one, one is none” underscores the critical importance of having reliable backups. In an emergency, the worst-case scenario is the failure of a crucial piece of equipment or the depletion of essential materials. Securely backing up data is fundamental to maintaining business continuity and … Read more
Trusted Internet, LLC, a Managed Security Service Provider (MSSP) and Managed Detection and Response (MDR) services provider, has announced a new cybersecurity warranty and insurance enhancement to its offerings. Starting today, all MSSP and MDR services will include a $500,000 warranty. This move reflects the company’s commitment to providing reliable security and peace of mind … Read more
Marsh, a global insurance broker, and risk advisor has expanded its Cyber ECHO facility by adding a $25 million layer to the existing $100 million capacity. This enhancement increases the total excess cyber insurance coverage available to Marsh clients to $125 million, establishing it as the largest facility of its kind in the market. The … Read more