Coalition, the leading cyber insurance and security company, today announced it will enter the excess cyber insurance market to help protect middle market businesses with enhanced coverage and free access to Coalition’s state-of-the-art cybersecurity capabilities, including attack surface monitoring, an in-house response team of security experts, and a suite of services and tools. Coalition will… Continue reading Coalition Enters Excess Cyber Insurance Market
Tag: cyber insurance
Beazley New Cyber & Tech Leadership Team Unveiled
Beazley has unveiled a new leadership structure within its global cyber & tech underwriting team. It aims to support greater knowledge sharing and collaboration between the team globally, future growth and continued development of innovative services and insurance solutions to tackle the borderless threat posed by cyber breaches. As previously announced, Paul Bantick, who currently… Continue reading Beazley New Cyber & Tech Leadership Team Unveiled
Study Finds Most Businesses Insured Against Traditional Cyber Insurance Risks – But Vulnerable to Emerging Risks
A new study commissioned by The Hanover Insurance Group, Inc. found the majority of business decision makers are insured against traditional cyber risks, such as breaches of personal information, but most were vulnerable to emerging risks, such as malware and ransomware, revealing a potential gap in their insurance coverage. The Hanover’s Cyber Risk Report, conducted… Continue reading Study Finds Most Businesses Insured Against Traditional Cyber Insurance Risks – But Vulnerable to Emerging Risks
SBA Reports Data Breach in Disaster Loan Website
Thousands of small business owners reeling from the aggressive measures taken to halt the spread of the coronavirus may have had their personal information exposed last month on a government website that handles disaster loan applications. The Small Business Administration said Tuesday that the personal information of more than 7,000 business owners applying for economic… Continue reading SBA Reports Data Breach in Disaster Loan Website
Marriott Says New Data Breach Affects 5.2 Million Guests
Marriott says guests’ names, loyalty account information and other personal details may have been accessed in the second major data breach to hit the company in less than two years. Marriott said Tuesday approximately 5.2 million guests worldwide may have been affected. The information taken may have included names, addresses, phone numbers, birthdays, and loyalty… Continue reading Marriott Says New Data Breach Affects 5.2 Million Guests
Ransomware Remains Top Cyber Security Threat for Businesses
Shift to home working heightens risk of cyber breach via remote desktop protocol and phishing attacks Ransomware attacks skyrocketed in 2019, according to the latest Beazley Breach Briefing, an annual update on cyber trends produced by leading cyber insurer Beazley. Beazley’s in-house team of breach experts, Beazley Breach Response (BBR) Services, reported the number of… Continue reading Ransomware Remains Top Cyber Security Threat for Businesses
Zurich Warns of Heightened Cyber Risk During Pandemic
Zurich Insurance has warned that a surge in remote work during the coronavirus (COVID-19) pandemic will result in heightened cyber security risks. With businesses around the world increasingly urging employees to work from home to help slow the spread of the virus, analysts believe that the security standards of some organisations could be compromised. Nikki… Continue reading Zurich Warns of Heightened Cyber Risk During Pandemic
Cyberspace Solarium Commission Seeks to Restore Cyber Coordinator Roles
The Cyberspace Solarium Commission, in its final report, has recommended restoring and restructuring two cyber oversight roles previously eliminated during the Trump administration, while also making the Department of Homeland Security’s cyber branch a coordinator for federal response. The commission, stood up under the 2019 National Defense Authorization Act, issued 75 recommendations to improve the… Continue reading Cyberspace Solarium Commission Seeks to Restore Cyber Coordinator Roles
Beazley Makes its Leading Cyber Platform Available to Brokers of SMEs
Beazley announced today that its flagship cyber product, Beazley Breach Response (BBR), will be available to brokers of small and medium-sized business through the myBeazley platform in the US, reducing to less than two minutes the time required to obtain a bindable BBR quote. The platform has been designed to meet the needs of brokers… Continue reading Beazley Makes its Leading Cyber Platform Available to Brokers of SMEs
T-Mobile Falls Victim to Another Cyberattack
The US telecom T-Mobile has revealed that it fell victim to a security breach that impacted its customers as well as its employees. The company provided more details on what occurred in a notification to its customers, saying: “Our Cybersecurity team recently identified and shut down a malicious attack against our email vendor that led… Continue reading T-Mobile Falls Victim to Another Cyberattack