Tag: Cybersecurity

Cyber insurance and security firm Coalition has raised $205m from a Series E funding round, lifting its valuation to $3.5bn.

At-Bay, a cyber insurance platform, has closed its Series D on $185m and brings its valuation to $1.35bn.

A report by GlobalData has found the cyber insurance industry is predicted to exceed a $20bn gross written premium (GWP) value by 2025.

Cyber risk is showing no signs of stopping and the reliance on cloud-based systems makes potential ripple effects vast. It is crucial for the global insurance industry to efficiently measure cyber risk.

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.