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Markets/Coverages: Mosaic Offers Cyber/Financial Institutions Cover for Digital Assets

Insurance Journal

Mosaic Insurance, the Bermuda-based global specialty insurer, has entered the digital asset market, launching a combined cyber and financial institutions (FI) crime product that provides robust protection to the rapidly growing, yet historically underserved sector. The new modular product suite …

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Crime Syndicates in Southeast Asia Go Global, Defying Crackdowns

Insurance Journal

Cyber crime syndicates that run multi-billion-dollar scam operations across Southeast Asia are still expanding despite recent law enforcement crackdowns, building links from Ireland to Mexico and reaching a potentially irreversible global spillover, the United Nations warned. The transnational criminal networks …

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AI Is Turbocharging Organized Crime, EU Police Agency Warns

Insurance Journal

The European Union’s law enforcement agency cautioned Tuesday that artificial intelligence is turbocharging organized crime that is eroding the foundations of societies across the 27-nation bloc as it becomes intertwined with state-sponsored destabilization campaigns. The grim warning came at the …

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Zurich, Cowbell Collaborate to Offer D&O, EPL, Crime, and Fiduciary to SMEs

Insurance Journal

Cyber insurer Cowbell said it has expanded its product portfolio to include a comprehensive multi-line insurance offering from Zurich North America within the United States. Building on its established success in cyber and technology errors & omissions (Tech E&O), Cowbell …

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Co-op Is Latest British Retailer to Be Hit by Cyber Attack

Insurance Journal

Britain’s Co-op Group said on Wednesday hackers had attempted to break into its systems, the second high-profile cyber attack on a major UK retailer in as many weeks, following an ongoing incident at Marks & Spencer. The Co-op, which is …

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Markets/Coverages: Liberty Specialty Markets, Baobab Offer E-Crime Cover for SMEs

Insurance Journal

Liberty Specialty Markets (LSM), a division of the US Liberty Mutual Group, and Baobab Insurance, a digital underwriter of technical risks, are offering a new joint e-crime insurance product for small and medium-sized enterprises (SME) in Germany and Austria. LSM …

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Why Cyber Insurance for Small Business Matters

ProWriters

When ransomware attacks hit government agencies or data breaches cost multinational corporations millions of dollars, people may wrongly conclude only large organizations need Cyber Liability Insurance. Cyber Insurance for small businesses is critically important, too. Small-business cyber security often goes neglected.