The Source for Cyber Insurance News, Insights and Data
“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
Eye Security has clinched a €36 million Series B funding in a significant move for Europe’s cybersecurity field. The investment was led by J.P. Morgan Growth Equity Partners and supported by existing backers Bessemer Venture Partners and TIN Capital. This influx of funds will amplify Eye Security’s endeavors to safeguard businesses throughout Europe against growing … Read more
Markel, a key division of Markel Group Inc., has welcomed Ng Yao Hua aboard as a Cyber Security Analyst. He arrives to enhance cyber security underwriting capabilities in the Asia Pacific market. This appointment marks a significant addition to the company’s growing expertise in the region, demonstrating its commitment to addressing the evolving cyber security … Read more
In a sign of the maturing cyber insurance market in the U.S., Coalition, the Active Insurance provider specializing in preemptive digital risk management, and Aspen Specialty Insurance Company have entered into a groundbreaking multi-year capacity agreement. The deal aims to bolster cyber insurance capabilities in the United States. Scheduled to begin on April 1, 2024, … Read more
As reliance on technology grows, the need for comprehensive protection becomes more apparent. This has prompted cyber insurance provider Resilience to launch new Tech E&O coverage for midsize and large U.S. businesses. The coverage targets U.S. companies with annual revenues between $300 million and $10 billion. This new service complements Resilience’s cyber insurance solutions, offering … Read more