Cybersecurity

Resilience Bolsters Defense, Doubles Cyber Insurance Limits to $20 Million Amid Rising Threats

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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

Cyber Insurance Market Grows Amid Rising Threats and Regulatory Changes – Morningstar DBRS

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The cyber insurance market is experiencing unprecedented growth, driven by escalating cyber threats and stringent regulatory requirements. A recent report by Morningstar DBRS, Cyber Insurance Market Growth Driven by Regulatory Changes and Rising Geopolitical Tensions, reveals that the market is poised for significant expansion in the coming years. Cyber insurance, a relatively new product, covers … Read more

Research Unveils Persistent Threat of Ransomware Attacks on Organizations – Halcyon Report

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Ransomware is wreaking havoc on organizations worldwide, and the numbers are staggering. Travel firm CWT Global shelled out $4.5 million in Bitcoin. The University of California San Francisco $1.14 million, and Colonial Pipeline paid $5 million. Chemical distributor Brenntag paid $4.4 million to DarkSide, while U.K.’s Travelex dished out $2.3 million to REvil. Cognizant Technology … Read more

Keepit Ransomware Seminar Emphasizes Continuous Learning in Cybersecurity and Insurance Amid Growing Threats

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In the ever-changing arena of cybersecurity and insurance, constant learning is crucial. Bad actors are continuously evolving, which significantly burdens individuals and companies to stay updated. To address this need, Keepit is hosting a webinar on cyber insurance strategies amid the surge in ransomware attacks. Keepit, a global cloud backup and recovery solutions provider, will … Read more

SecondSight and Optiv Form a Strategic Cybersecurity Insurance Partnership

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SecondSight and Optiv have announced a strategic partnership to integrate cybersecurity and cyber insurance. This collaboration incorporates Optiv’s cybersecurity services into SecondSight’s Vertical AI platform. This will provide a streamlined and personalized approach to enhancing cybersecurity defenses for businesses, brokers, and underwriters. The partnership introduces a new recommendation system within SecondSight’s platform, utilizing Optiv’s cybersecurity … Read more

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