cyber risk management News

Insurer Brit Ltd. Launches E-trading Cyber Portal

Brit Ltd., the London-based insurer, announced it has launched an online platform for cyber risks in both the U.K. and the U.S., targeting small and medium sized enterprises (SMEs) in both regions. The portal will give brokers an agile, user-friendly …

Ransomware Attacks Rise 37% in Q3, Targeting IT Vendors, Their Clients: Beazley

Ransomware attacks increased by 37% during the third quarter of 2019, compared to Q2, as cyber criminals target both IT vendors and their clients, according to data compiled by insurer Beazley. One-quarter (24%) of all ransomware incidents reported to Beazley …

Sompo International Adds Email Security Review Services to Cyber Policies

Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has partnered with SecurIT360, a full-service security consulting firm, and The Crypsis Group, a cyber risk management firm, to offer all eligible cyber policyholders in …

Risk Strategies to Offer Cyber Risk Management Platform Underwritten by Berkley

Risk Strategies, a privately held national insurance brokerage and risk management firm, has launched the Cyber Resolute offering that combines new technology with smarter processes and specialized coverage. Cyber Resolute can be tailored to specific client circumstances and works as …

Corvus Increases Cyber Risk Policy Limits for Insureds Utilizing Security Services

Corvus Insurance, a provider of AI-driven commercial insurance, has updated its cyber underwriting model to reward highly protected organizations with higher limits for Social Engineering and Cyber Crime coverage. Corvus’s Smart Cyber Insurance coverage will be automatically enhanced for policyholders …

Wholesale Broker H.W. Kaufman Buys U.K. MGA and Cyber Specialist Node International

H.W. Kaufman Group, the Farmington Hills, Mich.-based wholesale broker and managing general agent, announced the acquisition of Node International, a U.K. managing general agent that specializes in cyber risk and technology-related insurance solutions. Financial details of the transaction were not …

Hackers Target Airbus via Computer Systems of Suppliers, Contractors

Airbus SE said it has taken steps to shield itself from cyber attacks targeting the European aerospace and defense company through subcontractors’ computer systems. The maker of passenger planes and military jets is aware of cyber events and has detection …

AXA XL, Accenture Partner to Provide Cyber-Security Services to AXA XL Clients

AXA XL and Accenture are partnering to offer global cyber-security expertise to AXA XL’s underwriters, brokers and clients to strengthen their cyber capabilities and recover from cyber attacks. AXA XL — AXA’s property & casualty (P&C) and specialty risk division …

Business Leaders Spend Less Than 1 Day a Year Focusing on Cyber Risk: Marsh Survey

A majority of busy board members and senior executives, who are responsible for their organization’s cyber risk management, spent less than a day in the last year to focus on cyber risk issues, according to a new report published by …

Startup Agency Zeguro Helps Businesses Manage Cyber Risk and Insurance Premiums

Insurtech Zeguro has launched its platform designed to help small and midsize companies manage cyber threats in multiple ways. The San Francisco-based managing general agency describes itself as an “end-to-end cyber safety platform and insurance provider.” Its new platform includes …