article thumbnail

Cowbell raises $100M to build out its AI-based cyber insurance platform for SMBs

TechCrunch

Cybercrime is on the rise, and today an insurance startup that’s built an artificial intelligence-based platform to help manage the risks from that is announcing a big round of funding to meet the opportunity. “Underwriting cyber insurance for SMEs is a more dire prospect than for large enterprises,” he said.

Insurance 260
article thumbnail

Will Anyone Be Able to Get Cyber Liability Insurance Moving Forward?

Kaseya

Plus, with the rapid rise of the BYOD culture in the workplace and thousands of personal devices connecting to corporate networks, the chances of malware attacks are only getting higher. insurance giant, CNA Financial Corporation, was attacked by the ransomware group Phoenix and ended up paying a ransom of $40 million.

Insurance 112
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Are You Overpaying for Business Insurance? Our Ultimate Guide to Understanding Policy Costs

Strategy Driven

Insurance is crucial for everything from our pets to our vacations, and no business owner should be without proper business insurance. Everyone is looking for costs that they can cut right now, and it’s smart to keep those scissors away from your insurance policies if you can help it. How Big Is Your Business?

article thumbnail

Cybersecurity Regulations and Reporting in USA and EU

Infinidat

DORA – (Digital Operational Resilience Act) aim is to strengthen the IT security of financial entities such as banks, insurance companies and investment firms and make sure that the financial sector in Europe can stay resilient in the event of a severe operational disruption, like a cyberattack.

Report 68
article thumbnail

Daily Crunch: Silicon Valley Bank goes bust — regulators take control of $175B+ in deposits

TechCrunch

The agency appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. Meanwhile, Lorenzo dove in to explore how the FBI proved a remote admin tool was actually malware. And here are some non-SVB, non-cybercrime headlines for you as well.

Banking 246
article thumbnail

Available Now: Ransomware Active Attack Response Best Common Practices Document

CableLabs

Research shows that more than a third of all businesses were victims of ransomware in 2021 , and now over a quarter of all malware has been reprovisioned for ransom. Ransomware continues to wreak havoc on global industry, governments, individuals and enterprises.

article thumbnail

Halcyon lands large investment to defend against ransomware

TechCrunch

. “We have started much more narrowly in order to not pollute our models with data not relevant to ransomware campaigns or broken samples like those commonly pulled from public malware repositories.”