The change in premium rates is more likely to be the insurers’ correction than the insureds’ improvement in security.
The post Cyberinsurance Premiums are Going Down: Here’s Why and What to Expect appeared first on SecurityWeek.
Seeing is Believing… and Securing
Because you can’t secure what you can’t see, having real-time asset visibility across the network is vital to maximizing security, minimizing risk, and protecting the enterprise.
The post Seeing is Believing… and Securing appeared first on SecurityWeek.
CISO Conversations: Jason Rebholz and Jason Ozin From the Insurance Sector
SecurityWeek interviews two CISOs from the insurance sector: Jason Rebholz at Corvus Insurance and Jason Ozin at UK-based PIB Group.
The post CISO Conversations: Jason Rebholz and Jason Ozin From the Insurance Sector appeared first on SecurityWeek.
Merck Settles NotPetya Insurance Claim, Leaving Cyberwar Definition Unresolved
In a landmark case that blurs the lines between cyber and kinetic warfare, Merck reached a settlement with insurers over a $1.4 billion claim stemming from the NotPetya malware attack.
The post Merck Settles NotPetya Insurance Claim, Leaving Cyberwar Definition Unresolved appeared first on SecurityWeek.
Travelers to Acquire Cyberinsurance Firm Corvus for $435 Million
Property and casualty insurance giant Travelers has entered into an agreement to acquire Corvus Insurance Holdings for approximately $435 million.
The post Travelers to Acquire Cyberinsurance Firm Corvus for $435 Million appeared first on SecurityWeek.
MGM Resorts Says Ransomware Hack Cost $110 Million
MGM Resorts said costs from a disruptive ransomware hack has exceeded $110 million, including $10 million in one-time consulting cleanup fees.
The post MGM Resorts Says Ransomware Hack Cost $110 Million appeared first on SecurityWeek.
The Reality of Cyberinsurance in 2023
If an organization decides to include cyberinsurance within its total cyber risk management posture, that cyberinsurance must be fully integrated with the organization’s cybersecurity posture.
The post The Reality of Cyberinsurance in 2023 appeared first on SecurityWeek.
UK Think Tank Proposes Greater Ransomware Reporting From Cyberinsurance to Government
The Royal United Services Institute (RUSI) examined the relationship between cyberinsurance and ransomware, and proposes greater reporting from victims to government, enforced through insurance policies.
The post UK Think Tank Proposes Greater Ransomware Reporting From Cyberinsurance to Government appeared first on SecurityWeek.
Cyberinsurance Firm Resilience Raises $100 Million to Expand Its Cyber Risk Platform
Resilience Cyber Insurance Solutions has raised $100 million through a Series D funding round to support global expansion of its cyber risk platform that was launched earlier this year.
The post Cyberinsurance Firm Resilience Raises $100 Million to Expand Its Cyber Risk Platform appeared first on SecurityWeek.
Forgepoint Capital Places $15M Series A Bet on Converge Insurance
Forgepoint Capital makes another investment in the cyber-insurance sector with a $15 million Series A investment in Converge Insurance.
The post Forgepoint Capital Places $15M Series A Bet on Converge Insurance appeared first on SecurityWeek.