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A Cyber Insurance Backstop

Schneier on Security

A cyber insurance backstop would provide a means for insurers to receive financial support from the federal government in the event that there was a catastrophic cyberattack that caused so much financial damage that the insurers could not afford to cover all of it. 11, 2001, terrorist attacks.

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As market for cyber insurance booms, watchdog calls for better data

SC Magazine

In a report released May 20, the Government Accountability Office looked at how the private cybersecurity insurance market has developed over the past five yearsRich Baich is global chief information security officer for insurance giant AIG. billion in damages – that it caused a broader reevaluation of cyber risk by the industry.

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MY TAKE: New ‘cyberthreat index’ shows SMBs cognizant of big risks, ill-prepared to deal with them

The Last Watchdog

Small and midsize businesses — so-called SMBs — face an acute risk of sustaining a crippling cyberattack. This appears to be even more true today than it was when I began writing about business cyber risks at USA TODAY more than a decade ago. You can give a listen to the entire interview at this accompanying podcast.

Risk 182
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Top VC Firms in Cybersecurity of 2022

eSecurity Planet

AllegisCyber Capital was founded in 1996 to serve the growing cyber business ecosystem. VCs are ultimately accountable to the wishes of their GPs and LPs and not afraid to make decisions to their benefit. AllegisCyber Capital. AllegisCyber Investments. Andreessen Horowitz (a16z).