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companies with the Cyber Risk Score, and then invited these companies to sign up and see how their score compares with that of other organizations in their industry. The stated use cases for the Cyber Risk Score include the potential for cyberinsurance pricing and underwriting, and evaluating supply chain risk (i.e.,
Going forward, the list of exchanges where users are eligible for insurance is expected to expand. Why do crypto exchanges’ users need insurance? A Group-IB report “ 2018 Cryptocurrency Exchanges: Analysis of User Account Leaks ” shows a steady increase in incidents involving compromised user accounts. Pierluigi Paganini.
Evolution of mobile malware attacks – The first half of 2019 saw a 50% increase in attacks by mobile banking malware compared to 2018. The rise of cyberinsurance – Underwriters will sell more cyberinsurance policies for businesses and government agencies such as schools, hospitals and utilities.
The 2019 Cybersecurity Almanac published by Cisco and Cybersecurity Ventures predicts that cyber events will cost $6 trillion annually by 2021, as companies are digitizing most of their processes and are often operating remotely. Global cyberinsurance premiums are expected to grow from $4 billion in 2018 to $20 billion by 2025.
Startup Est Headquarters Staff Funding Funding Type Abnormal Security 2018 San Francisco, CA 261 $74.0 Series A Confluera 2018 Palo Alto, CA 33 $29.0 Series A Perimeter 81 2018 Tel Aviv, Israel 159 $65.0 2018 Santa Clara, CA 305 $50.0 Series A Confluera 2018 Palo Alto, CA 33 $29.0 2018 Santa Clara, CA 305 $50.0
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