Cybersecurity

First-Ever Cloud Outage Cat Bond: A Game Changer for Cyber Insurance

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In a groundbreaking venture into the financial aspects of cybersecurity, Parametrix, a front-runner in cloud monitoring and insurance, and Hannover Re, a leading global reinsurer, debuted the first-ever Cumulus Re catastrophe bond. Valued at $13.75 million, this bond is specifically designed to mitigate losses due to prolonged cloud service outages. This is an increasingly critical … Read more

SecurityScorecard Unveils Cybersecurity Findings for S&P 500 Companies Amid New SEC Regulations

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A recent report from SecurityScorecard reveals that 21% of S&P 500 companies suffered data breaches in 2023, highlighting the growing challenges in cybersecurity amidst stricter regulatory environments. The disclosure came with the publication of the S&P 500 Cyber Threat Report, which analyzes trends and provides recommendations for Chief Information Security Officers (CISOs) to navigate the … Read more

WTW Appoints Cybersecurity Leader Sean Plankey to Lead Innovative Solutions 

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WTW (Willis Towers Watson) announced the appointment of Sean Plankey as the Global Leader of Cybersecurity Software. Plankey, a noted expert in the cybersecurity field, will lead the launch and commercialization of WTW’s new range of security software. His appointment aligns with WTW’s focus on technology and innovation, especially in the area of cyber risk … Read more

ReliaQuest and Aon Partner for Proactive Cyber Risk Management

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ReliaQuest and Aon plc have unveiled a partnership aimed at offering organizations a novel approach to managing cyber risks proactively. This collaboration unites ReliaQuest’s security operations technology with Aon’s experience in cyber risk management, creating a comprehensive service suite to detect, assess, and mitigate cyber threats. The initiative is particularly timely, considering the dynamic challenges … Read more

CyberCube Enters Dutch Market with Partnership for Enhanced Cyber Risk Services

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CyberCube, a cyber risk analytics company, has entered the Dutch market through a partnership with Meijers Assurantiën, a Netherlands-based insurance broker. This marks CyberCube’s first client in the Netherlands and highlights its ongoing expansion into international markets. Meijers Assurantiën, which has grown into one of the largest independent insurance brokers in the Netherlands over fifty … Read more

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