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The average coverage gap was 350%, meaning more than three-quarters of the cyberattack was not covered.
Cyberthreat actors are increasingly using AI to perpetuate fraud, the U.S. Treasury Department reports.
A New York-based insurer allegedly has an outsized role in providing coverage to tankers carrying Iranian oil.
Understanding why threat actors do what they do helps illuminate how they will behave in the future.
The number of victims of cyber extortion in the first three quarters of 2023 is already 33% higher than all of last year.
The bond protects Axis and its subsidiaries against systemic cyber shocks over a two-year period starting in January.
The Swiss Re Global Cat Bond Performance Index is up 18%, while the Bloomberg U.S. Treasury Index has dropped about 1%.
The Biden Administration intends to buoy programs that convert offices to housing, however funding details remain hazy.
Cat bonds are rising in popularity as their returns trounce those of virtually all other debt markets.
Review the current regulatory environment for data protection as well as how it differs from data security.
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