Remove 2002 Remove Cybersecurity Remove Encryption Remove Insurance
article thumbnail

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. The 9/11 attacks cost insurers and reinsurers $47 billion. 11, 2001, terrorist attacks.

article thumbnail

Top VC Firms in Cybersecurity of 2022

eSecurity Planet

Achieving funding is no simple task, and cybersecurity entrepreneurs have a difficult path competing in a complex and competitive landscape. Luckily for cybersecurity startups, there’s no shortage of interest in tomorrow’s next big security vendors. Investments in cybersecurity more than doubled from $12 billion to $29.5