Financial services firms are 300 times more likely to be targeted by cybercriminals, with a notable increase in sophisticated attacks, highlighting the need for robust cybersecurity measures and compliance with new regulations. Learn about the the threat landscape for your FinServe clients in this blog: https://lnkd.in/gHrvqjWn #FinServ #CyberThreats #CyberInsurance
Corvus Insurance
Insurance
Boston, Massachusetts 14,205 followers
Built for cyber risk
About us
At Corvus, we specialize in cyber insurance. From our dedicated underwriting team to our proprietary data and technology, everything we’ve built is made to manage cyber risk. As a wholly owned subsidiary of Travelers Insurance, Corvus offers market-leading innovation backed by proven financial stability. Our Smart Cyber Insurance® and Smart Tech E+O® products are written on Travelers paper, with an AM Best Financial Strength Rating of A++ (Superior). Every Corvus policy includes on-demand access to cyber experts, easy-to-use digital tools for policy management and proactive risk mitigation, and industry-leading intelligence on the latest threats. We offer insurance products in the U.S., Middle East, Europe, Canada, and Australia. Founded in 2017, Corvus is headquartered in Boston, Massachusetts with offices across the U.S., UK, and Germany. For more information, visit corvusinsurance.com.
- Website
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http://corvusinsurance.com
External link for Corvus Insurance
- Industry
- Insurance
- Company size
- 201-500 employees
- Headquarters
- Boston, Massachusetts
- Type
- Privately Held
- Founded
- 2017
- Specialties
- InsurTech, Artificial Intelligence, Breach Response, Underwriting, Tech E&O, Tech E&O insurance, Software, Software as a Service, Insurance, Smart Insurance, Cyber Insurance, Risk Management, Commercial Insurance, reinsurance, partnerships, and Cyber Security
Locations
Employees at Corvus Insurance
Updates
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In Q1 2024, most industries saw a marginal reduction in ransomware incidents, except for medical practices which experienced a significant increase. The primary ransomware groups targeting healthcare, including BianLian, BlackCat, and LockBit, remain active, with ALPHV emerging as a notable threat, increasing its share of attacks on hospitals and healthcare facilities to nearly 12%. Get the full report from our threat intel team: https://lnkd.in/gNJVJyWS #Ransomware #ThreatIntel #CyberInsurance
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After a decline in ransomware frequency in 2022 — following successful law enforcement actions against ransomware gangs — we saw a surge of activity in 2023. Based on data from external threat intelligence and our book of business, we spotlight the cyber risks healthcare entities face and how they’ve rolled with the punches (and hit back), this past year: https://lnkd.in/gAD7Fae5 #Ransomware #ThreatIntelligence #CyberInsurance
Cyber and Healthcare: Treating the Rise of Ransomware
corvusinsurance.com
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Cyber is a newer risk that exists behind screens, not wet floor signs. So, with limited budgets, it’s often the first coverage to be deprioritized. But no one is immune from experiencing cybercrime. Help your clients understand why cyber is essential: https://lnkd.in/gbisQfDW #Cybercrime #CyberInsurance #LiabilityInsurance
Yes, Cyber Insurance Is Expensive, but it's Also Essential
corvusinsurance.com
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Despite the shutdown of two major ransomware groups, ransomware activity has increased, with affiliates shifting to other groups like Black Basta and Akira. This shift is evident from the unprecedented high of 60 active leak sites and the emergence of 18 new ones in the first quarter, indicating the splintering of the ransomware economy. Get the full picture in our ransomware report: https://lnkd.in/gNJVJyWS
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Welcome to the team Britney McCrae! Britney is joining the Corvus team as a Cyber Risk Specialist. We're lucky to have her on the team! #LifeAtCorvus #CyberRisk #CyberInsurance
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What Is Business Interruption? Business Interruption covers business income loss and extra expenses incurred during a computer network outage caused by events like cyberattacks, internal system failures, and power outages. Mike Karbassi explores key considerations including waiting periods before coverage begins, precise language defining coverage triggers, and the duration of the restoration period, all of which can significantly impact policy effectiveness and the client's ability to recover from a claim. Get the full breakdown in Mike's blog: https://lnkd.in/ggQ5b-mW #Cyberattacks #BusinessInterruption #CyberInsurance
Cyber Coverage Explained: Business Interruption
corvusinsurance.com
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On February 20, 2024, an international operation involving ten countries targeted the LockBit group’s infrastructure to disrupt their operations. A few days later, on February 25, the LockBit administrator established a new leak site and resumed posting data. The group may be attempting to project an image of resilience, but it does not seem like the group is anywhere near its former strength in launching new attacks. Get the full story from our threat intel team in our ransomware report: https://lnkd.in/gNJVJyWS #Ransomware #Cybersecurity #ThreatIntel
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Join us in giving a warm welcome to Mark Pawula! Mark joins the Corvus team as a Senior Underwriter for Cyber and Tech E&O. We're glad to have you on the team! #LifeAtCorvus #Underwriting #CyberInsurance