The global insurance and reinsurance industry is likely to avoid any major financial impact from the outage sparked by CrowdStrike’s glitchy security software update that disrupted internet services worldwide last week, Fitch Ratings said. Preliminary estimates suggest that insured losses could be in the range of mid-to-high single-digit billion dollars and most claims would be…
C3iHub, a National Technology Innovation Hub (TIH) for Advanced Cybersecurity at the Indian Institute of Technology Kanpur (IITK), launched start-up cohorts III, IV, and V at the Hyatt Regency, New Delhi. Funded by the Department of Science and Technology (DST) under the NM-ICPS Mission, C3iHub presented 19 start-ups in the Start-up Incubation Program, specialising in specific…
Due to the rapidly increasing ransomware attacks, more businesses from small companies to big brands are purchasing cyber insurance plans to help mitigate potential losses in the event of a breach. The cyber security insurance market is expected to reach US$ 11.5 Billion in 2022, registering a CAGR of 18.2% from 2022 to 2032. Growing security threats and financial…
