American International Group has announced that Rich Baich, formerly of Wells Fargo & Company, will be taking over as CISO later this month.
Travelers Europe has announced a new cyberinsurance product, further solidifying the company’s standing in a murky but increasingly important market.
As the number of breaches resulting in multimillion dollar losses grows, the need for cyberinsurance is making itself evident – but many traditional insurers are still hesitant to enter the space.
“Cyber-insurance is the Next Big Thing”, the Deputy CISO of a telecoms company stressed earnestly at a recent threat intelligence forum. “Companies in the USA almost all have it. Soon, everyone will realise that they need cyber-insurance”