Cyber Insurance Sunday – Upload
Here it is—Your Cyber Insurance Sunday—Upload. The latest cybersecurity insurance news. A few items from the week. Some we reported on, and others we found interesting: Reports to note, Cobalt…
Resilience Updates Cyber Risk Solutions with New Loss Prevention Features
Resilience has updated its cyber risk solutions, introducing new features that enhance its cyber insurance and risk management services. Following the release of Technology Errors and Omissions (E&O) coverage earlier…
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Resilience Bolsters Cyber Defense with Acquisition of BreachQuest Amid Rising Email Scams
In a move to fortify its cyber defense capabilities, Resilience, a cyber risk management firm, has acquired BreachQuest, the incident response specialist. The acquisition was announced this week. It marks…
Ransomware Claims Jump in Q1 2023: Marsh
Marsh reports claims were up 77% in Q1 2023 compared with the previous quarter. Resilience reports the same trend. “One possible explanation for the resurgence is that ransomware purveyors based…
Everybody Using its Risk Solution Avoided Paying Ransoms in 2022: Resilience
Reported the company: “Over the last two years, the Resilience model has proven that by building a holistic approach to managing this risk, organisational security is increased dramatically. 100% of…
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“Modular” Cyber Insurance Policies Launched By Resilience
“Unlike traditional cyber insurance policies, which can be complicated and difficult to amend, modularity allows brokers to offer customized policies with negotiated coverages specific to a client’s exposure. Customizing coverages…
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Cyber Insurance Pure-Play Resilience Creates Captive — “Putting Its Money Where Its Mouth Is”
“’Coming off a very successful first year in the market, this is an excellent time to put our money where our mouth is and take a share of the risks…
Cyber Insurers Join NIST to Create New Framework for Cybersecurity Products and Audits; From White House Cyber Summit w/ President Biden and Industry
“The National Institute of Standards and Technology will work with Microsoft, Google and the insurance industry companies Travelers and Coalition to create a new framework designed to help guide the…