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

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Top VC Firms in Cybersecurity of 2022

eSecurity Planet

Luckily for cybersecurity startups, there’s no shortage of interest in tomorrow’s next big security vendors. billion in 2021, and growing concerns over data security , software supply chains , and ransomware suggest the market will remain strong through economic ups and downs. How Do VC Firms Work? AllegisCyber Investments.