cyber risk management News

Specialist MGA CFC Acquires Australian Cyber Security Firm, Insane Technologies

CFC, a specialist managing general agent, announced it has acquired Insane Technologies, an Australian cyber security and incident response provider. Financial details of the transaction were not disclosed. The deal is subject to approval by the Australian Foreign Investment Board. …

AXIS Partners with Elpha Secure to Provide Cyber Security for Small Businesses Globally

AXIS Insurance, the specialty insurance business segment of Bermuda-based AXIS Capital Holdings Ltd., has formed a strategic partnership with cyber security company Elpha Secure. Cyber insurance and software protection will be offered to small businesses globally to help improve their …

CNA’s Cyber Risk Services Program, CNA CyberPrep, Launched in Canada

CNA announced that CNA CyberPrep, a proactive cyber risk services program, has been launched in Canada. Already available to CNA’s customers in the United States, CNA CyberPrep helps cyber policyholders with threat identification, mitigation and response. The CNA CyberPrep program …

Google to Offer Cyber Insurance From Allianz, Munich Re to Cloud Users

Google is teaming up with two global insurers to cover cyber breaches and related risks for businesses that use its cloud services, the first time a major provider has opened up such insurance to its clients, the companies said on …

New Cowbell Cyber Partner Program Connects Insureds with Risk Management Services

Cowbell Cyber, an AI-powered cyber insurance provider for small to mid-sized businesses (SMBs), has launched Cowbell Connect, its partner program which offers policyholders with risk management services to address and mitigate cyber incidents. Cowbell Connect is part of Cowbell’s closed-loop …

Willis Towers Watson Launches Suite of Cyber Risk Management Assessments

Insurance broker Willis Towers Watson has introduced two new cyber risk assessment services – the Workforce Cyber Culture Assessment (WCCA) and the Ransomware Risk Assessment (RRA) Willis Towers Watson describes the WCCA as an innovative cyber risk methodology specifically designed …

Businesses Face Fewer Cyber Events, But the Attacks Are More Costly

The stakes are higher than ever for businesses when it comes to cyber risk, especially with the added complexity of COVID-19 thrown into the mix. Yet, even before the global pandemic struck, companies had been taking more action than ever …

Businesses Need to Rethink Cyber Risks for Work-from-Home Employees

When worldwide lockdowns were imposed almost overnight in March, most employees thought they were leaving their desks behind for just a few weeks. Very few employers and employees would have predicted that six months later they would still be working …

Kovrr Develops Open Framework for Measuring Catastrophic Cyber Risk

Kovrr, a cyber risk modeling company, announced it has developed an easy-to-use open framework to measure and understand catastrophic cyber risk exposure. The CRA-Zones™ framework defines the minimal elements needed to provide a view of cyber risk aggregations, allows for …

Coalition Launches Cyber Insurance and Security Coverage in Canada

Coalition, the cyber insurance and security managing general agent, announced it is offering its products and services to Canada-based businesses. The San Francisco-based company described the offering as proactive cyber-security products and services as well as cyber and technology error …