The Source for Cyber Insurance News, Insights and Data
The Biggest Threat: Concentrated Vendor Risk Peter Foster does not hesitate. “The third-party risk is the systemic risk that most underwriters worry about,” he says. “If you compromise 100 to 1,000 companies at a single point of failure, that’s the future risk that’s also here and now.” Foster, Chairman of Willis’ Global FINEX Cyber Solutions, … Read more
Cowbell, a provider of adaptive cyber insurance and specialty coverage for small and mid-sized businesses, announced two senior appointments to accelerate growth in North America and enhance claims operations. Jessica Klipphahn and Stephanie Hewerdine have joined the firm. North America Mid-Market Expansion Jessica Klipphahn joins Cowbell as Head of North America Mid-Market, bringing over 15 … Read more
Antigen Security has partnered with Integrated Business Systems (IBS) to launch a new Cyber-Insurance Savings Program, helping financial firms reduce their cyber insurance costs. At the same time, they improve resilience against digital threats. Antigen Security’s CEO Steven Legg added, “Together we streamline underwriting and improve claim outcomes while lowering total cost of risk.” Program … 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
The World Economic Forum has a message for every CISO: the job has outgrown its technical shell. Boards must empower security leaders, and CISOs must speak the language of business. The report calls cybersecurity a core business imperative, not a side function. It urges boards to treat the CISO as a strategic enabler of growth, … Read more