The Source for Cyber Insurance News, Insights and Data
Here it is—Your Cyber Insurance Sunday—Upload. The latest cybersecurity insurance news. A few items from the week: AdvantageGo and FortifyData tally up scores; Embroker and Millennial Shift get excessive; Netwrix with a heads-up for MSPs; Sophos looks at cyber insurance penetration; And AT&T…..yikes. There’s more. Take a look. Share it. Enjoy the reads. Enjoy the … Read more
AdvantageGo, a commercial insurance and reinsurance software provider under Coforge, has partnered with FortifyData, an automated cyber risk management firm. This collaboration aims to improve the accuracy and comprehensiveness of insurers’ cyber risk scoring. AdvantageGo’s Underwriting Workbench will integrate FortifyData’s cyber risk ratings and monitoring capabilities. This integration will provide AdvantageGo’s clients with real-time insights … Read more
Netwrix, a cybersecurity solutions provider, has unveiled alarming statistics from its 2024 Hybrid Security Trends Report, focusing on the managed service provider (MSP) sector. According to the report, a staggering 76% of MSPs detected cyberattacks on their systems in the past year, mirroring the broader trend across all industries surveyed. Managed Service Providers (MSPs) offer … Read more
The Howden 2024 Cyber Report reveals a dynamic and evolving cyber threat landscape. According to NCC Group data, the frequency of ransomware attacks surged by 85% over the past year. This rise follows a dip due to geopolitical disruptions like Russia’s invasion of Ukraine. Ransomware remains the most costly form of cyber attack, driven by … Read more
Resilience has announced a significant enhancement to its cyber insurance offerings, doubling its coverage limits for US clients to $20 million per client in response to escalating cybercrime threats. This increase aims to bolster defenses against the rising tide of cyber attacks. The new limits are part of a syndicate agreement with Lloyd’s Insurance Facility, … Read more