Tag: Cybersecurity

InsurTech companies continued their winning streak last week among the 37 FinTechs that raised big rounds.

FinTech companies continue to blaze a trail with CyberTech and InsurTech enterprises in the lead. The 34 ventures in the sector that topped up their accounts last week prove that.

Cyber risk management solution developer KYND has named Ed Broking, a global (re)insurance broker, as the latest member of its growing KYND Broker Programme.

Trava, an integrated cyber risk management and insurance platform, has netted $3.5m in its seed round.

The maritime industry is colossal but the large scale ransomware attack on transport and logistics conglomerate Maersk in 2017 shows the industry is still susceptible to cyberattacks.

InsurTech and cybersecurity companies were among the 34 FinTech companies that raised money last week, but Covid-19 continues to haunt the industry.

The global cyber insurance market's revenue is expected to grow at a massive 26.3% compound annual growth rate in the next ten years to reach $70.67bn in 2030.

Rising number of hack attacks will push the cyber insurance market to be worth $20.4bn by 2025, according to new research.

A top finance ministry official in India has called upon established financial service providers to be more open to collaborations with FinTech innovators.

MassMutual Ventures has revealed its third $100m venture capital fund, which will invest into FinTech, cybersecurity, enterprise software and digital health companies.