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Cyber Insurance: The Good, the Bad, and the Ugly

IT Security Guru

At the turn of the millennium, Lloyds of London wrote the first modern cyber insurance policy. A conservative estimate from 2002 predicted that by 2005, cyber insurance would boast a global market worth $2.5 Astoundingly, the cyber insurance market shrank relative to the Internet economy. It didn’t take off.

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

SC Magazine

Overall, insurance companies seem to be responding to increased demand from clients for cyber-specific insurance, and one survey found that the two things most likely to spur a purchase of cyber insurance are when a business experiences a cyber attack and when they hear about other companies being hit by a cyber attack.

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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 131
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Spotlight Podcast: At 15 Cybersecurity Awareness Month Grows with Cyber Risk

The Security Ledger

“In 2002 I had a phone, but I had a separate piece of plastic and metal that was a camera and another piece of plastic and metal that had my music on it.” “People weren’t aware of the threat,” nor were the threats as closely interwoven with individuals lives as they are today, he said.

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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. AllegisCyber Capital. AllegisCyber’s expertise lies in addressing cybersecurity challenges, and its portfolio shows, focusing on seed and early-stage investments. AllegisCyber Investments. Andreessen Horowitz (a16z). Insight Partners.