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: cybersecurity
Chubb Investigating Possible Cyber Security Incident
Chubb, a major cybersecurity insurance provider for businesses hit by data breaches, has itself become a target of a data breach. The insurance giant told TechCrunch it was investigating a “security incident” involving the unauthorized access to data belonging to an unnamed third-party. Chubb spokesperson Jeffrey Zack said the company had “no evidence” the incident… Continue reading Chubb Investigating Possible Cyber Security Incident
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
Marsh Opens 2020 Cyber Catalyst Program with Leading Cyber Insurers
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
Hackers Trick Victims Into Big Wire Transfers
In 2018, Frank Krasovec took on a $1 million personal line of credit from PlainsCapital Bank. A few months later, he went on a business trip. When he returned, $450,000 was missing. Mr. Krasovec, the chairman of Dash Brands Ltd., which owns Domino’s Pizza Inc. franchises in China, said he soon learned that someone had… Continue reading Hackers Trick Victims Into Big Wire Transfers
CEOs Are Deleting their Social Media Accounts to Protect Against Hackers
Cyberattacks are the biggest risk to businesses, with the prospect of falling victim to hacking and other cybercrime the threats that the majority of CEOs are most worried about, according to a new report on the views from the boardroom. Professional services firm PwC surveyed over 1,600 CEOs from around the world and found that… Continue reading CEOs Are Deleting their Social Media Accounts to Protect Against Hackers
SEC Urges Better Cybersecurity Practices at Financial Firms
The Securities and Exchange Commission is telling financial-services companies what kind of cybersecurity practices it has found during audits, giving them detailed information on how to handle sensitive data and guard against cyberattacks. The observations by the SEC are the latest in a string of moves by regulators and government agencies that demonstrate they are… Continue reading SEC Urges Better Cybersecurity Practices at Financial Firms
Cryptocurrency Thefts, Fraud Hit $1.2 Billion in First Quarter: Report
Losses from the theft of cryptocurrencies from exchanges and fraud-related activities surged in the first quarter of the year to $1.2 billion, or 70 percent of the level for all of 2018, cybersecurity firm CipherTrace said on Tuesday. The value of losses from crime in the digital currency sector in 2018 hit $1.7 billion. But… Continue reading Cryptocurrency Thefts, Fraud Hit $1.2 Billion in First Quarter: Report
Innovative Moves Signal Zurich’s Increased Commitment to Cybersecurity Solutions
Zurich has made several key moves in recent weeks, continuing its commitment to helping businesses protect themselves from – and become more resilient to – cyber-related risks. The moves include creation of a dedicated, in-house cyber risk engineering team — a resilience-related first in the industry — as well as the addition of a new… Continue reading Innovative Moves Signal Zurich’s Increased Commitment to Cybersecurity Solutions
Cyber Insurance Market to Double by 2020: Munich Re
Cyber risks are one of the biggest threats to the digital and networked economy, cites Munich Re, emphasizing that the most important thing for companies is to ensure they have the best possible technical prevention. Torsten Jeworrek, member of Munich Re’s Board of Management: “Cyber risks are one of the biggest threats to the networked… Continue reading Cyber Insurance Market to Double by 2020: Munich Re