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The importance of external and internal vulnerability scanning in cyber underwriting

InsurTech company KYND recently released a report exploring whether external or internal vulnerability scanning is more useful to assess a company's cyber posture. 

Ransomware on the rise: Cohesity’s research exposes UK firms’ security vulnerabilities

Cohesity has found a worrying trend among businesses relying on ransomware payouts and cyber insurance as a solution to their cybersecurity weaknesses.

1Fort secures $2m pre-seed fund to transform cyber insurance automation

1Fort, an innovative cyber insurance automation platform, has recently achieved a significant financial milestone. The firm, which aims to streamline the cyber insurance procurement process for middle to large businesses and insurance brokers, has secured $2m in pre-seed funding.

Canadian cyber InsurTech BOXX Insurance buys Templarbit

Canadian cyber insurance company BOXX Insurance has acquired cyber threat intelligence platform Templarbit for an undisclosed amount.

KYND teams with Hylant to drive cyber risk management

KYND, which develops cyber risk management solutions, has partnered with privately owned insurance broker Hylant.

Cyber risk management platform KYND launches into investment management sector

Cyber risk management technology developer KYND has launched its services into the investment management sector, as cyber risks continue to surge. Private equity and venture...

KYND becomes exclusive cyber risk partner to Brokerslink

Cyber risk technology developer KYND has formed a partnership with global broking company Brokerslink, which sees it deploy its platform to reduce cyberattack exposures.

Cyber insurer Coalition adds Vantage to its excess program

Cyber insurance platform Coalition has added Vantage, a re/insurance partner established in 2020, to its US excess cyber program through its Vantage Risk Specialty Insurance Company.

Merck awarded $1.4bn claim over 2017 NotPetya cyberattack

Merck has been awarded $1.4bn from Ace American Insurance after a court cause was ruled in its favour regarding the NotPetya malware outbreak from 2017.

Cyber insurance startup Baobab nets pre-seed

Baobab, which bundles cybersecurity and cyber insurance services, has reportedly collected €3.5m in its pre-seed funding round.

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