Markets/Coverages: Beazley Launches Cyber Consortium for Large Corporates October 8, 2024 Specialty insurer Beazley announced the launch of a cyber consortium that provides comprehensive cover for large corporates with a turnover...
Cyber Resilience Overestimation Leads to Business Continuity Issues, Ransom Payments August 22, 2024 New research commissioned by Cohesity, an AI-powered data security firm, reveals organizations overestimate their cyber resilience capabilities and maturity, leading...
Delta Rejects CrowdStrike Criticism, Sees $500 Million Hit From Cyber Outage August 9, 2024 By Rajesh Kumar Singh and David Shepardson Delta Air Lines said on Thursday it is pursuing legal claims against CrowdStrike and Microsoft after a global outage last...
Guy Carpenter: ‘Kitty Cat’ CrowdStrike Outage to Cause $300M-$1B in Insured Losses August 2, 2024 By Chad Hemenway Due to the limited amount of impacted companies with insurance and the deployment of a quick fix to mitigate losses,...
Markets/Coverages: Coalition Introduces Active Cyber Insurance in Germany August 1, 2024 Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced the launch of its Active Cyber Insurance in...
Cowbell Secures $60M Series C Funding From Zurich July 30, 2024 Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs), announced on July 26 that it has closed...
Fortune 500’s Insured Losses for CrowdStrike Could Reach $1 Billion: Parametrix July 24, 2024 The total direct financial loss facing the US Fortune 500 companies, excluding Microsoft, from the CrowdStrike outage on July 19...
Insurers Fret Over Risk of Militant Attacks, AI Hacks at Paris Olympics July 5, 2024 By Carolyn Cohn and Noor Zainab Hussain Insurers are nervous that militant attacks or AI-generated fake images could derail the Paris Olympics, risking event cancellations and millions...
Cyber Insurance Rates Drop as Businesses Improve Security, Report Says July 1, 2024 Cyber insurance premiums are falling globally as businesses become more adept in curbing their losses from cybercrime, even as ransomware...
Guidance and Insurance Implications for the CDK Global Cyberattack June 28, 2024 By John Farley On June 18 and 19, 2024, CDK Global (CDK), a leading provider of cloud-based software to auto dealerships in North...