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Insurer Chubb Investigating 'Security Incident'

Data Breach Today

Maze Gang Claims Insurer Is a Victim, Emsisoft Reports Switzerland-based global insurance firm Chubb acknowledges that it's investigating a "security incident." Meanwhile, the Maze ransomware gang is claiming Chubb is its latest victim, according to researchers at the security firm Emsisoft.

Insurance 247
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Changing Data Quantification in Security Insurance

Data Breach Today

Lynn Peachey, the director of business development at Arete Incident Response, says that insurance companies have made "a pretty quick turnaround in terms of trying to respond to the ransomware epidemic." She discusses the changes they are making, which include leveraging data quantification.

Insurance 218

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Cyber Security: Insurance Prices Level After Two Years of Brutal Increases via ENR

IG Guru

The post Cyber Security: Insurance Prices Level After Two Years of Brutal Increases via ENR first appeared on IG GURU. Check out the article here.

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News Alert: QBE North America launches new cyber insurance program with Converge

The Last Watchdog

New York, NY, July 27, 2023 – QBE North America today announced the launch of a cyber insurance program with new MGA, Converge, acting as program administrator. The program will be broken down into two separate distribution structures, each with a distinct revenue focus and cyber security data access formation.

Insurance 188
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Two States Enact Insurance Data Security Laws

Hunton Privacy

In April 2022, two states enacted insurance data security legislation based on the National Association of Insurance Commissioners (“NAIC”) Insurance Data Security Model Law (MDL-668). Kentucky’s law goes into effect on January 1, 2023.

Insurance 107
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One Out of Five Organizations Must Improve Their Security Posture to be Eligible for Cyber Insurance


As insurers become more educated on what a “secure organization” looks like, they are tightening their requirements that puts the onus on organizations to be more secure.

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Insurer Races to Fix Security Flaws After Whistleblower Alert

Data Breach Today

Report: Blue Cross and Blue Shield Minnesota Had Thousands of Old 'Critical' Vulnerabilities Blue Cross and Blue Shield Minnesota is reportedly racing to address tens of thousands of security vulnerabilities after a whistleblower on the health insurer's security team alerted the company's board of trustees about the problems.

Insurance 205