CyberCube News
AWS Outage a ‘Moderate Incident,’ Another Near Miss for Insurance Industry
The recent 15-hour or so outage at Amazon Web Services (AWS) again raised questions about the potential for systemic loss to the cyber insurance market, but losses ...
Munich Re, CyberCube Report Warns of Growing Systemic Cyber Risk
Risks associated with systemic cyber events are no longer hypothetical scenarios but growing realities for organizations, insurers and cybersecurity professionals alike, ...
CrowdStrike Outage Insured Losses Could Reach $1.5B
Global insured losses from last week's massive IT outage are likely to range from $400 million to $1.5 billion, cyber analytics firm CyberCube said on Thursday. A software bug in cyber security firm ...
CrowdStrike Update Snafu Illustrates How SPoF Can Cause Widespread Disruption
Last week's global IT system outage, triggered by a faulty software update from CrowdStrike, caused widespread disruptions across various Windows operating system (OS) types. The faulty CrowdStrike ...
Cyber Insurers, Reinsurers on Alert After Healthcare Ransomware Attack
A substantial disruption in the U.S healthcare system occurred as a result of a February cyber attack on Change Healthcare (CHC), a subsidiary of UnitedHealth Group. Change Healthcare, a medical data ...
Guy Carp Analysis: Cyber Cat Model Results Diverge
Significant progress has been made in advancing vendor's cyber catastrophe models, but a notable degree of variability exists across model outputs, which can pose a challenge to insurance and ...
InsurTechs: Disrupters, Partners or Both?
Whether InsurTechs should disrupt legacy systems in insurance with new technology or simply partner with insurers to introduce new efficiencies to existing technology is ...
CyberCube Gets $50M in Financing for Cyber Risk Analytics
CyberCube announced $50 million in additional growth capital from investment funds managed by Morgan Stanley Tactical Value (Morgan Stanley), with continued participation ...
