The Source for Cyber Insurance News, Insights and Data
In a significant development for the cyber risk management sector, KYND, a pioneer in cyber risk management technologies, has announced a major investment. This financial backing comes from Verisk, a global leader in data analytics and technology, alongside continued support from BGF, a growth capital investor in the UK and Ireland. Founded in 2018 by … Read more
In response to the escalating tide of privacy-related claims flooding the cyber insurance industry, CyRisk Inc. has unveiled its Privacy Risk Insights platform. The platform, designed to revolutionize cyber risk management and data analytics, aims to equip insurers and policyholders with advanced tools to navigate the complex terrain of privacy risks. CyRisk’s announcement comes amidst … Read more
In the cybersecurity battlefield where size matters, small and medium businesses (SMBs) are taking the brunt of relentless ransomware assaults. Shockingly, these nimble enterprises are three times more likely to be in the crosshairs of cybercriminals compared to their larger counterparts. The toll? A staggering $2.4 billion in losses was incurred by SMBs in 2021 … Read more
Cybercrime costs the world’s economy trillions of dollars a year. Some research projects that figure to reach a staggering $10.5 trillion by 2025. As a result, the demand for robust cybersecurity and insurance solutions is skyrocketing. Recognizing this critical need, Great American Insurance Group announced the appointment of Laura A. True as Divisional Vice President … Read more
WTW, a global advisory and solutions firm, has introduced the International CyCore Facility (ICF). An offering tailored specifically for international clients outside of Great Britain and the US. Designed to address a spectrum of cybersecurity threats, the ICF offers coverage for malicious acts, non-malicious acts, and technical failures. This comprehensive solution encompasses cyber incident response … Read more