The Source for Cyber Insurance News, Insights and Data
The report “The State of Cyber Security in the UK 2023” covers a wide range of topics related to cyber security, including the evolving threat landscape, budgetary constraints, the importance of technology and talent, and industry trends. On cyber insurance: The increase in cyber insurance premiums is ranked as the top change over the past … Read more
MGM Resorts International’s stock saw a 4.86% increase, closing at $36.48 on Friday. The move was buoyed by news that the company possesses ample cyber insurance to mitigate losses from a recent cyberattack. Over the past month, the stock had suffered a 16% decline. The Las Vegas-based firm projects that the September cyberattack will negatively … Read more
Amid the Wall Street Journal exclusive report on the MGM hack, an intriguing detail emerges. MGM has affirmed that it is poised to mitigate the financial impact of the cyberattack with its cyber insurance. The indication? It won’t significantly affect MGM’s performance for the year. The WSJ headline centers on MGM’s refusal to pay the … Read more
Insurance and security intertwine. That makes investments in cybersecurity a vital part of the evolving cyber insurance industry. This makes today’s announcement that Strategic Cyber Ventures (SCV) has invested $1 million in Evo Security worth noting. SCV is a provider of enterprise-grade identity and access management (IAM) products for Managed Service Providers (MSPs). IAM is … Read more
Nord Security, a global leader in internet privacy and cybersecurity solutions announced that it has raised $100 million in a financing round led by Warburg Pincus. Existing investors Novator Ventures and Burda Principal Investments also participated in the round. Cyber insurance and the Nord Security investment The Nord Security investment is significant for the cyber … Read more