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A Cyber Insurance Backstop

Schneier on Security

In the first week of January, the pharmaceutical giant Merck quietly settled its years-long lawsuit over whether or not its property and casualty insurers would cover a $700 million claim filed after the devastating NotPetya cyberattack in 2017. But this is easier said than done.

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MFA Will Not Save the Insurance Industry

IT Security Guru

Everyone in the cyber insurance industry or trying to get cyber insurance today knows that using multifactor authentication (MFA) is an absolute make-or-break requirement for getting a cyber insurance policy; or if you can get a policy without MFA, you will pay a hefty increased premium for the same amount of coverage.

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Top VC Firms in Cybersecurity of 2022

eSecurity Planet

Company Sector Year Status Satori DataSecOps 2021 Private BluBracket Software supply chain 2021 Private Cape Privacy Data security 2021 Private ZecOps Digital forensics 2019 Private SecurityScorecard Risk ratings 2017 Private Carbon Black Security software 2015 Acquired: VMware AVG Antivirus software 2015 Acquired: Avast. Accel Investments.

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Top Cybersecurity Startups to Watch in 2022

eSecurity Planet

Series A SenseOn 2017 London, UK 61 $26.4 Series A GitGuardian 2017 Paris, France 63 $56.0 GitGuardian is a developer favorite offering a secrets detection solution that scans source code to detect certificates, passwords, API keys, encryption keys, and more. Series A Isovalent 2017 Mountain View, CA 48 $29.0 GitGuardian.

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Group-IB and CryptoIns introduce the world’s first insurance against cyber threats for cryptocurrency exchanges

Security Affairs

Why do crypto exchanges’ users need insurance? According to Group-IB’s annual “ 2018 H i-Tech Crime Trends ” report, the estimated damage caused by targeted attacks on cryptocurrency exchanges in 2017 and the first three quarters of 2018 amounted to $877 million. Security Affairs – cyber insurance, cryptocurrency exchanges ).

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Ransomware Protection in 2021

eSecurity Planet

Ransomware frequently contains extraction capabilities that can steal critical information like usernames and passwords, so stopping ransomware is serious business. As ransomware keeps at its current pace, we see a boom in cyber insurance sales (see Ransomware Insurance: Cyber Insurance May Be the Best Protection ).

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Ransomware Prevention Guide for Enterprise

Spinone

National Security Agency tool that was leaked by the hacker group “Shadow Brokers” in 2017. In fact, one report shows that business email compromises are 23% of cyber insurance claims. RobinHood is said to be closely linked with the Eternal Blue tool. Eternal Blue is a U.S.