The Source for Cyber Insurance News, Insights and Data
McKinsey rates cybersecurity as critical for claims frequency and severity in commercial property and casualty lines. Only two other industries earn that rating in the same grid. They are cloud services and semiconductors. For a cyber underwriter, those are not three industries. They are one accumulation event with three names. The rating appears in “The … Read more
JPMorganChase’s Security and Resiliency Initiative Examined Yesterday, JPMorganChase announced a $1.5 trillion Security and Resiliency Initiative, a 10-year plan designed to enhance America’s economic and digital strength, improving critical industries. While “cybersecurity” is only mentioned directly in one of the four pillars, investment in it quietly powers all of them. CEO Jamie Dimon emphasized urgency … Read more
Cysurance, a risk mitigation company, has teamed up with Check Point Software Technologies Ltd. to introduce a new Managed Firewall-as-a-Service (MFaaS) for data center and colocation customers. Announced on May 7, 2024, this service includes certification, warranties, and an Insurability Assessment Program supported by Check Point’s Infinity Global Service team. Kirsten Bay, CEO of Cysurance, … Read more