Tag: Cybersecurity

Cyber risk analytics provider CyberCube has partnered with Kroll, a risk, governance and growth solution developer, to launch a new cyber incident response service to its clients.

Merck has been awarded $1.4bn from Ace American Insurance after a court cause was ruled in its favour regarding the NotPetya malware outbreak from 2017.

Cyber risk management solution developer KYND has launched a new website, which it hopes will convey its ability to transform something complex into a simple and easy to understand system.

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.