Tag: cyber risks

Capital and Risk, Insurance

Crypto Exchange Binance Builds $1B Insurance Fund After Industry’s Recent Hacks

January 31, 2022

Via: Insurance Journal

Binance Holdings Ltd. has built up a $1 billion insurance fund for its users amid a barrage of hacks on cryptocurrency trading platforms, according to a memo. Binance, the world’s largest crypto exchange by trading volume, has been earmarking money […]

Capital and Risk, Insurance, Operational

NY’s Cyber Guidance Could Boost Risk Management for Insurers, Insureds Across U.S.

April 5, 2021

Via: Insurance Journal

The Cyber Insurance Risk Framework, launched recently by the New York State Department of Financial Services, is a positive step for both insurers and insureds because it calls on insurers to consider more explicitly how they measure their cyber risk […]