Cybersecurity Top Investment Priority in 2023 for CIOs

Insurers on cyber insurance standardization

Chief information officers have stated that cybersecurity will be their top investment priority in 2023, demonstrating how businesses are racing to manage the business risk posed by escalating threats. Companies are facing an increase in cyberattacks, such as the 2021 Colonial Pipeline ransomware attack, which impacted fuel distribution in the eastern United States. This month,… Continue reading Cybersecurity Top Investment Priority in 2023 for CIOs

Measured Analytics and Insurance Launches AI-Powered Excess Cyber Coverage for SMBs

Howden launches Cyberwrite

Measured Analytics and Insurance, the industry’s leading AI-powered cyber insurance provider, has announced its intention to enter the excess cyber insurance market in order to provide more capacity in the cyber coverage marketplace. Measured’s excess policy was built in partnership with brokers, based on their valuable feedback,” Nick Little, Head of Insurance, commented, “best-in-class underwriting… Continue reading Measured Analytics and Insurance Launches AI-Powered Excess Cyber Coverage for SMBs

Uber Hacker Claims Widespread Computer Access Following Breach

Cyber attack against LinkedIn, Snapchat, X, Venmo

Uber Technologies Inc. has responded to a cybersecurity breach allegedly caused by a hacker who claimed to have gained widespread access to the company’s computer systems. “We are currently investigating a cybersecurity incident.” “We are in contact with law enforcement and will post any additional updates here as they become available,” the ride-hailing company said… Continue reading Uber Hacker Claims Widespread Computer Access Following Breach

Companies Can Control Cyber Costs with Product and Technology Risk Selection

cyber risk management

With rising demand and dangerous third-party risks, cyber insurance carriers are scrutinizing enterprises’ security postures to the point of limiting or denying coverage based on the presence of specific technologies. Cyber insurance premiums and payouts have risen significantly over the past three years as attack surfaces and adversary techniques have expanded. Customers must comply with… Continue reading Companies Can Control Cyber Costs with Product and Technology Risk Selection