The Source for Cyber Insurance News, Insights and Data
CyberCube, a leading cyber risk analytics firm, estimates insured losses from the July 19 CrowdStrike outage to be between $400 million and $1.5 billion. Dubbed the “CrowdOut Event,” it was caused by a faulty CrowdStrike Falcon Sensor update, significantly impacting the standalone cyber insurance market. This incident represents a loss ratio impact of approximately 3-10% … Read more
SentinelOne announced the SentinelOne Risk Assurance Initiative, a new cybersecurity program designed to help insurers improve their clients’ network security using the SentinelOne Singularity™ Platform. This program allows insurers to offer SentinelOne’s platform at preferred rates, aiming to stop attacks before they occur and reduce both financial loss and insurance premiums. Leading carriers and providers, … Read more
The recent CrowdStrike outage on July 19 had a ripple effect across a wide range of industries, from airlines to the national organ transplant matching system. In our interconnected world, few can escape its impact. Now, Parametrix provides a detailed look at the financial cost. It’s more than just a ripple. They estimate a total … Read more
This morning, when we went to see the latest CrowdStrike Outage news, we knew there’d be a lot to read. Over 30 pages of articles in the Google News search in just the last 24 hours. We took the time to compile a number of them. They illustrate the scale, scope, and impact from large … Read more
SeedPod Cyber and Seceon have announced a strategic partnership to deliver advanced cybersecurity solutions and significant cyber insurance savings for Managed Service Providers (MSPs) and Managed Security Service Providers (MSSPs). Seceon, which offers AI and ML-powered cybersecurity platforms, has joined forces with SeedPod Cyber, an embedded cyber insurance program, to streamline the cyber insurance application … Read more