Marsh, the world’s leading insurance broker and risk adviser, today announced the 2020 opening of its Cyber Catalyst program designed to help organizations reduce cyber risk by making more informed cybersecurity decisions. The first-of-its-kind program awards Cyber Catalyst designations to products and services that leading cyber insurers believe can be effective against major cyber threats.… Continue reading Marsh Opens 2020 Cyber Catalyst Program with Leading Cyber Insurers
Tag: cyber insurance
Email Scammers Savvier and More Successful than Ever
Email scams—often riddled with typos and written by non-native English speakers in Africa—were once crude attempts to steal money from inexperienced computer users. No more. Federal investigators say these scams have become sophisticated frauds that are costing American businesses and individuals billions of dollars a year. Estimated losses have soared in the past five years… Continue reading Email Scammers Savvier and More Successful than Ever
Facial Recognition Biz Clearview AI Suffers Data Breach
A controversial facial recognition company has just informed its customers of a data breach in which its entire client list was stolen. Clearview AI leapt to fame in January when a New York Times report claimed that the start-up had scraped up to three billion images from social media sites to add to its database.… Continue reading Facial Recognition Biz Clearview AI Suffers Data Breach
Cyber Insurance Market Is Booming Worldwide: Report
The Global Cyber Insurance Market Size, Status and Forecast 2025 report by HTF Marketing Intelligence studies the global Cyber Insurance market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the global Cyber Insurance market by companies, region, type and end-use industry. Cyber insurance is a product used to protect… Continue reading Cyber Insurance Market Is Booming Worldwide: Report
Zurich Teams Up with Global Security Specialist to Expand Cyber Protection Offering
Zurich Insurance Group (Zurich) has created a new offering together with cybersecurity company CYE to shield businesses against the growing risks of cyber-crime. Zurich Cyber Security Services addresses the full spectrum of cyber-risks by helping businesses define and deploy effective cyber risk management programs. It combines Zurich’s specialist cyber insurance and risk engineering capabilities with… Continue reading Zurich Teams Up with Global Security Specialist to Expand Cyber Protection Offering
Ransomware Attack Exposes Poor Energy-Sector Cybersecurity
The energy sector remains vulnerable to cyberattacks despite years of threats, as illustrated by an alert issued last week by the Department of Homeland Security. The alert from the department’s Cybersecurity and Infrastructure Security Agency described a ransomware attack on an unnamed natural-gas pipeline operator that halted operations for two days while staff shut down,… Continue reading Ransomware Attack Exposes Poor Energy-Sector Cybersecurity
Cyber Insurance Leader At-Bay Raises $34M in Series B Funding
At-Bay, the cyber insurance company for the digital age, today announced a $34 million Series B funding round, led by Acrew Capital and Munich Re Ventures, through its HSB fund. Existing investors Khosla Ventures, Lightspeed Venture Partners, and entrepreneur Shlomo Kramer also participated in the round. With the new investment, At-Bay has raised a total… Continue reading Cyber Insurance Leader At-Bay Raises $34M in Series B Funding
MGM Resorts Data Breach Exposes Personal Info of 10.6 Million Guests
Were you hacked at your last stay at an MGM Grand property? Personal data details of some 10.6 million guests was reportedly posted on a hacker forum this week. MGM confirmed that the breach took place last year. It says the company reported the breach to residents of states that require reporting of breaches of… Continue reading MGM Resorts Data Breach Exposes Personal Info of 10.6 Million Guests
Beazley Profits Jump Off Investments, Rates Rise 6%
Specialist insurer Beazley has posted a pre-tax profit for 2019 of $267.7 million, up from $76.4 million in 2018, and reported a 6% rate increase. Beazley’s pre-tax profit jump was bolstered by a strong investment return of $263.7 million, up from $41.1 million in 2018. The firm’s combined ratio of 100% – up from 98%… Continue reading Beazley Profits Jump Off Investments, Rates Rise 6%
Aon Acquires Cytelligence, Strengthening Cyber Security Offering
Aon plc, a leading global professional services firm providing a broad range of risk, retirement and health solutions, announced today the acquisition of Cytelligence Inc, a Canadian-based cyber security firm that provides incident response advisory, digital forensic expertise, security consulting services and cyber security training for employees to help organizations respond to cyber security threats… Continue reading Aon Acquires Cytelligence, Strengthening Cyber Security Offering