The US Government Accountability Office (GAO) has warned that catastrophic cyberattacks are not receiving an adequate federal response, especially in that the cyber-insurance industry falls short when …
Cowbell Cyber raises $20 million, aims to build out its AI-drive cyber insurance platform
Cowbell Cyber, an innovative company seeking to build an artificial intelligence-driven cyber insurance platform, has reportedly raised $20 million in Series A funding to achieve its goal. The company …
Ransomware, Mobile Malware Attacks to Surge in 2020
A recent study by Check Point predicts some of the major cybersecurity trends that will shape 2020. In terms of threats, the firm projects that 5G will play a major role in increasing the attack …
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Cyber risks are the top concern among businesses of all sizes
The latest edition of the Travelers Risk Index shows that cyber threats are now the top concern for businesses leaders, regardless of company size. 55% of all survey respondents said they were …
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Study Reveals Most Expensive State for Cyber Insurance
In the United States, business cyber insurance costs $1,501 per year on average, which comes down to $125 per month, according to a new study by AdvisorSmith, which shows that state averages differ …
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Ransomware: Cyber-insurance payouts are adding to the problem, warn security experts
Cybersecurity experts are warning that cyber insurance payouts to ransomware victims will exacerbate the ransomware threat in the log run. After several reports in 2018 predicted the demise of …
The Executive’s Guide to Cyber Insurance
This special report provides an overview of the dynamic trends underway in the cyber insurance market, including actionable information that executives can put to use right now in determining the …
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BEC overtakes ransomware and data breaches in cyber-insurance claims
Business email compromise (BEC) has become the most common reason for organizations to file cyber-insurance claims, a new AiG study[pdf] covering the EMEA (Europe, the Middle East, and Asia) region …
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Insured losses from a cyber catastrophe could reach billions
New figures[pdf] released by Kovrr show that a "cyber catastrophe" involving a disruptive cyberattack on a UK email service provider could result in around $3.25 billion in losses to be covered by …
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Cyberattacks are increasing, and so is cyber insurance
"‘Cyber insurance is a growth market for the industry today,’ said Sasha Romanosky, an expert at the RAND Corporation, a private research organization. He estimated that the current market size is …
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