The Source for Cyber Insurance News, Insights and Data
When preparing for imminent threats, increased cybersecurity spending is a significant telltale. In honor of Veterans Day, here is a fitting analogy. In the military, changes in routine sometimes ring warning bells among the troops. As a veteran once shared, during WWII, the unit could expect trouble the next day if they were served steak … Read more
The education sector faces an escalating cybersecurity threat as schools and universities increasingly rely on digital infrastructure. In 2023 alone, cyberattacks exposed vulnerabilities in major school systems, underscoring the urgent need for stronger defenses. For example, the MOVEit breach compromised the personal information of students and staff across 3,500 U.S. schools. At the same time, … Read more
Helvetia Switzerland has announced a new partnership with Coinnect to enhance its cyber risk underwriting and client security services. Starting at the end of 2024, Helvetia will adopt Coinnect’s advanced Cyber Insurtech platform, which uses artificial intelligence and cyber intelligence to evaluate and mitigate risks for clients. The collaboration aims to deliver more comprehensive risk … Read more
In the world of cyber insurance, data serves as a crucial tool for brokers, transforming information into actionable insights that empower better decision-making. Zywave has introduced a new data-driven enhancement to its Cyber Quoting solution, integrating benchmarking and loss data to provide brokers with insights that improve client coverage decisions. This feature allows brokers to … Read more
An action plan is crucial for any company facing a crisis, and when it comes to cyber events, having a well-defined strategy can make all the difference. The newly released guide, “Components of a major cyber event: a (re)insurance approach,” from the Association of British Insurers (ABI) and Lloyd’s of London, serves as an action … Read more