The Source for Cyber Insurance News, Insights and Data
In the tech world, all the world, to be fair, there’s always a tendency to gravitate toward the “next big thing”—the innovation that promises to revolutionize industries and solve problems. Artificial Intelligence (AI) has captivated tech companies as both a game-changer and a potential risk. The 2024 Tech Risk Index from Embroker paints a picture … Read more
Vanta and Vouch have launched an embedded cyber insurance solution, enabling Vanta customers to purchase and manage cyber insurance coverage directly within the Vanta platform. This new feature aims to streamline securing insurance against cyber incidents, such as data breaches and ransomware attacks while helping companies meet SOC 2 compliance requirements. SOC 2, or Service … Read more
As cyber threats increasingly target high-profile individuals, personal cybersecurity and cyber insurance are on the rise, providing protection against risks like cyber extortion, identity theft, and data breaches. With more attacks directed at corporate executives, high-net-worth individuals, and family offices, companies like BlackCloak are expanding their services to meet the growing demand for personal cybersecurity … Read more
The Company‘s new business unit, Envelop Risk Solutions, will provide technical assistance to reinsurance providers “across the full capital management spectrum, including: cyber underwriting and underwriting strategy, cyber modelling, scenario modelling, capital metrics, cyber market analytics, new product development, threat intelligence, reinsurance operations automation, and global cyber risk forecasting.” “We have developed advanced capabilities to … Read more
The cyber insurance market is undergoing significant changes, driven by the increasing scale and sophistication of cyberattacks worldwide. The Bermuda Monetary Authority’s (BMA) 2023 Bermuda Cyber Underwriting Report highlights how emerging technologies, such as generative AI, heighten cyber risks by enabling more sophisticated and targeted attacks. This shift has fueled a surge in demand for … Read more