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Michelle Chia

Robert Malone Joins AXA XL as Head of Large Accounts for Americas Cyber Insurance Team

January 8, 2025 by Martin Hinton

AXA XL has appointed Robert Malone as Head of Large Accounts and Portfolio Management for its Americas Cyber Insurance team. Based in New York, Malone will lead the strategy and growth of the company’s large account cyber insurance portfolio, focusing on expanding both new and renewal business. Reporting to Michelle Chia, Chief Underwriting Officer for … Read more

Categories Cyber Insurance People Tags AXA XL, cyber insurance, cyber liability insurance, cybersecurity solutions, large account management, Michelle Chia, portfolio management, Robert Malone

Cyber Insurance News

Cyber Insurance News
When it comes to AI cyber attacks most corporate security leaders are doing compliance, not security. That is the argument of Mitchell Amador, CEO of @Immunefi, the leading crowdsourced security platform for blockchain, and it has never been more relevant.

AI has increased the number of effective hacking groups from an estimated 500-2,000 globally to 5,000-25,000. The barrier to entry has collapsed. A moderately skilled hacker with access to large language model agents can now do what once required a 300-person military unit.

Every CISO budgeted for the old world is now underprepared.

In this episode, Amador explains:

Why crypto is a dark forest and what that means for every organization online.
How Immunefi's 90,000+ white-hat hackers outnumber North Korea's cyber army 90-to-1.
Why AI has handed nation-state attack capability to individuals.
How smart contract loss rates fell from 4% to 0.6% annually and where they're heading.
What quantum computing means for encryption, blockchain, and every bank on earth.
Why the culture of coopetition in crypto security is a model the rest of the world needs.

Chapters
00:00 Introduction
00:38 Mitchell Amador's path to crypto security
02:13 What is Immunefi?
03:49 Web3 as a dark forest
06:48 Nation-state actors and North Korea
08:00 The response to constant threat
09:36 Why crypto security stakes are global
12:35 Move fast and break nothing
14:39 What is a bug bounty program?
16:31 Why crowdsourced security beats internal teams
21:32 The culture of coopetition
29:45 AI and the economics of attack
32:51 Force multiplication and AI offense
36:32 The human element in security
40:27 Where crypto fits in cyber insurance
47:18 Smart contract insurance and loss rates
49:14 Quantum computing and encryption risk
52:40 Y2K vs quantum, scale of the problem
52:55 What should CEOs and boards do now?
56:34 What we didn't cover
58:31 Five years from now — what seems obvious

Mitchell Amador - https://www.linkedin.com/in/mitchell-amador-a37683227/
Immunefi - https://immunefi.com/
Billy Mitchell - https://cyberinsurancenews.org/cyber-warfare-future-insurance-strategy/
Cyber warfare - https://cyberinsurancenews.org/cyber-warfare-ai-global-conflict/

#AICyberAttacks #CyberSecurity #CyberInsurance #Immunefi #BlockchainSecurity #NationStateCyber #BugBounty #QuantumRisk #CISO 

Welcome to Cyber Insurance News & Information – Your Trusted Source for Everything Cybersecurity and Cyber Insurance!

Stay informed, stay protected. Our channel is dedicated to bringing you the latest news, expert insights, and essential updates in the fast-evolving world of cybersecurity and cyber insurance. Whether you're a business owner, IT professional, insurer, or simply interested in digital risk, we break down complex topics into clear, actionable content.

🔐 What You'll Find Here:

Weekly updates on cybersecurity threats and breaches

Deep dives into cyber insurance policies and trends

Tips on risk management and cyber compliance

Interviews with industry experts

Regulatory updates and legal analysis

Real-world case studies and best practices

Subscribe now and join a growing community that’s serious about understanding and managing cyber risks in today’s digital world.

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AI Cyber Attacks: Why Compliance Is Not Security #AICyberAttacks
Why do we struggle to define the right level of risk for AI? Because the question itself is poorly formed.

Tristan Morris of SplitSecure reframes it on our panel: insuring against everything an AI could do is like insuring against everything an employee could do. One person could steal, cause a fire, or trigger a cyber incident. That spans multiple categories of insurance. AI risk works the same way. It depends entirely on how you deploy the model.

From the Cyber Insurance News panel The Authorization Gap, recorded at Scout InsurTech.

Watch the full episode: https://youtu.be/dGf-6JymAZg?si=Ia6IG3SXf8jNz2-3
Music license: UMV1ANKNF8FISTKQ

#AgenticAI #CyberInsurance #AIRisk #Shorts #Insurtech

Welcome to Cyber Insurance News & Information – Your Trusted Source for Everything Cybersecurity and Cyber Insurance!

Stay informed, stay protected. Our channel is dedicated to bringing you the latest news, expert insights, and essential updates in the fast-evolving world of cybersecurity and cyber insurance. Whether you're a business owner, IT professional, insurer, or simply interested in digital risk, we break down complex topics into clear, actionable content.

🔐 What You'll Find Here:

Weekly updates on cybersecurity threats and breaches

Deep dives into cyber insurance policies and trends

Tips on risk management and cyber compliance

Interviews with industry experts

Regulatory updates and legal analysis

Real-world case studies and best practices

Subscribe now and join a growing community that’s serious about understanding and managing cyber risks in today’s digital world.

📌 New Videos Every Week – Hit the Bell Icon to Stay Notified!
Insuring AI risk
Rich Gatz, Head of Cyber Claims at Arch Insurance, breaks it down: if your business uses computers, you should have cyber insurance, and most standard policies already cover AI-related perils. If you build AI into your product or service, add technology E&O. Then ask your broker one question: if something happens here, am I covered?

From the Cyber Insurance News panel The Authorization Gap, recorded at Scout InsurTech.

Watch the full episode: https://youtu.be/dGf-6JymAZg?si=CcP59wrxeHQNqViz

Music license: UVZ5GDG3ZALO3AZO

#CyberInsurance #AgenticAI #AIRisk #Shorts #Insurtech

Welcome to Cyber Insurance News & Information – Your Trusted Source for Everything Cybersecurity and Cyber Insurance!

Stay informed, stay protected. Our channel is dedicated to bringing you the latest news, expert insights, and essential updates in the fast-evolving world of cybersecurity and cyber insurance. Whether you're a business owner, IT professional, insurer, or simply interested in digital risk, we break down complex topics into clear, actionable content.

🔐 What You'll Find Here:

Weekly updates on cybersecurity threats and breaches

Deep dives into cyber insurance policies and trends

Tips on risk management and cyber compliance

Interviews with industry experts

Regulatory updates and legal analysis

Real-world case studies and best practices

Subscribe now and join a growing community that’s serious about understanding and managing cyber risks in today’s digital world.

📌 New Videos Every Week – Hit the Bell Icon to Stay Notified!
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