Technology/Science
Financial Institutions Spend Plenty on Cybersecurity, but Money Isn’t Everything
Cybersecurity is becoming a costly endeavor for insurers and other financial institutions, but plan design and implementation can matter even more, according to a report released recently by Deloitte ...
Global Security Officials Agree on 5G Security Guidelines, With Added Warnings
Global security officials agreed a set of proposals on Friday for future 5G networks, highlighting concerns about equipment supplied by vendors that might be subject to state influence. No suppliers ...
Veruna Raises $6M With Carrier Backing; Startup Has Cloud-Based Agency Management Platform
InsurTech Veruna said it has raised $6 million in Series A financing, with plans to use the money to propel expanded use of its Salesforce-based agency management platform. The Boston-based startup ...
Cryptocurrency Thefts and Fraud Reportedly Reach $1.2B in Q1
Losses from the theft of cryptocurrencies from exchanges and fraud-related activities surged in the first quarter of the year to $1.2 billion, or 70 percent of the level for all of 2018, ...
Norsk Hydro Reports $52M in Cyber Attack Costs for Q1
Norsk Hydro said the March cyber attack that paralyzed its computer networks would cost the aluminum maker up to 450 million Norwegian crowns ($52 million) in the first quarter. The Oslo-based firm, ...
The Latest Launches From Coalition, Brit Ltd. and AXA XL
Coalition has started marketing comprehensive coverage for healthcare companies. Brit Ltd. beefed up coverage options for one of its key cyber products. A division of AXA XL debuted its ...
U.S. Drivers Think They’re Safe, but Carriers Know Otherwise Through Phone Usage Monitoring
The distracted driving report by Zendrive, a traffic-data startup, makes it clearer and clearer each year that millions of Americans can't stop themselves from talking, texting and live ...
Tesla’s Musk Renews Plans to Take on Insurers
During Tesla's earnings call last Wednesday, Chief Executive Officer Elon Musk said that the company is creating its own insurance product and hopes to launch it in about a month. The comments ...