The Source for Cyber Insurance News, Insights and Data
The word breach originates from the same roots as the word “break,” which signifies a rupture or violation. In the context of cybersecurity, a data breach represents a break in the security measures intended to protect sensitive information. That leads to unauthorized access and exposure. The etymology underscores the gravity of such incidents, highlighting the … Read more
Blumira and Trava Security have announced a strategic partnership aimed at helping small-to-midsize businesses (SMBs) manage cybersecurity challenges, such as limited budgets, insufficient cyber-skilled training among employees, and the steadily growing number of cyber-attacks. The rise in cybercrime has led many companies to invest in cybersecurity software. However, smaller businesses often struggle to access sophisticated … Read more
UK utility companies faced a significant surge in cyberattacks in 2023, with 48 breaches recorded, marking a staggering 586% increase from the previous year, according to global specialty (re)insurance group Chaucer. The rise in incidents, partly attributed to state-backed hackers, has heightened concerns about potential infrastructure-targeted attacks amid escalating geopolitical tensions. Utilities providing power and … Read more
Resilience announced the appointment of Killian Brady as Chief Underwriting Officer. Brady will oversee the underwriting functions for Resilience’s middle market and large enterprise clients across its Cyber and Tech E&O portfolios. He will continue to serve as Chief Operating Officer for Global Insurance Operations. CEO Vishaal ‘V8’ Hariprasad highlighted Brady’s strong performance in 2024 … Read more
Here it is—Your Cyber Insurance Sunday—Upload. The latest cybersecurity insurance news. A few items from the week: We have some thoughts on the CrowdStrike Outage, SeedPod Cyber and Seceon Partner, Cash for Cowbell, A grand jury indictment related to healthcare hacks, and a disturbing read from The Washington Post about how some online scams are … Read more