The Source for Cyber Insurance News, Insights and Data
CyberCube, a leading firm in cyber risk analytics, urgently calls on governments and officials to bolster their cybersecurity defenses against public sector cyberattacks, especially with the upcoming elections. The details come from CyberCube’s latest publication, the “Global Threat Outlook, H1 2024,” released on April 15, 2024, which underscores the increased susceptibility of the public sector … Read more
Coalition, an insurance company focused on digital risk prevention, announced the integration of its Coalition Control platform with major cloud services, including Microsoft 365, Google Workspace, and Amazon Web Services. This new feature will allow businesses to connect their cloud services to Coalition Control, aiming to provide a more comprehensive view of their cybersecurity risks. … Read more
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
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 (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