cyber services News

Risk Cooperative Becomes Lloyd’s Coverholder for Cyber Insurance Facility

Risk Cooperative, a specialized insurance and risk advisory firm, has been approved as a Lloyd’s coverholder giving it the ability to provide up to $10 million in stand-alone cyber insurance coverage. Risk Cooperative can now offer middle market customers and …

Zurich, Deloitte Partner on Cyber Risk Services for Clients

Zurich North America and Deloitte have collaborated to provide services aimed at educating and protecting customers from cyber related risks. Initial offerings include risk transfer options provided by Zurich and risk mitigation options provided by Deloitte Risk and Financial Advisory …

Cybersecurity Firm IDT911 Rebrands to CyberScout, Plans Global Expansion

Cybersecurity prevention and resolution firm IDT911 has changed its name to CyberScout, to better align with its mission of helping clients in the digital world deal with ever-evolving cyber threats. CyberScout primarily serves clients in the insurance, financial services and …

Former U.S. Security Specialist’s MGA Ridge Global Tackling Cyber Risks

It may be surprising to some that a former governor and head of National Security started an insurance company focused on cyber risk, but Tom Ridge, president and CEO of Ridge Global says it shouldn’t be. “While the world is …

Crisis Services Top Insurers’ Cyber Claims Payouts; Average Claim at $674K

New claims costs data reveal a wide discrepancy on costs associated with cyber losses. More than $75.5 million has been spent on cyber claims losses as reported in the latest cyber claims study published by NetDiligence, a cyber risk assessment …