Critical cyber attacks on both businesses and individuals have been grabbing headlines at an alarming rate. Cybersecurity has moved from a background risk for enterprises to a critical day-to-day threat to business operations, forcing executive teams to pour time and hundreds of billions in capital into monitoring and prevention efforts.
These days, we’re constantly hearing of another company that’s been breached by hackers. Target. Marriott. Equifax. These are just a handful of the many companies that have recently been attacked and compromised by hackers. Hundreds of millions of peoples’ private records were leaked and the breached companies have each faced liabilities and lawsuits.
Provider of risk analytics for the cyber insurance and reinsurance market, Arceo.ai, has named Mario Vitale as its President, effective September 3rd, 2019.
SAN FRANCISCO, Sept. 25, 2019 /PRNewswire/ -- Arceo.ai, provider of the leading end-to-end cyber risk analytics and insurance platform, today announced it has secured $37 million in overall funding.
The Founders Fund is coleading with Lightspeed Venture Partners a $37 million funding round in Arceo.ai, a San Francisco startup that analyzes the cybersecurity risks that businesses face. The startup, founded by two cybersecurity industry veterans, recently came out of stealth mode.
The cyber insurance and reinsurance market is likely to be unsustainable if it continues on its current path, but better use of data and more informed regulation may offer a solution.
A new report from the EastWest Institute has argued that the creation of government backstops in the form of private reinsurance pools will be one of the key pillars in enabling the insurance industry to guard against systemic cyber risk and avoid catastrophic losses.
San Francisco-based insurtech Arceo.ai, a provider of cyber resilience solutions, has launched with a debut platform that enables insurance carriers to automate and enhance their cyber insurance, while increasing the security of their insureds.
Arceo.ai, a risk analytics provider for the cyber re/insurance market, has launched with the debut of a new platform that allows carriers to automate their cyber insurance solutions, while increasing the security of policyholders.
SAN FRANCISCO--(BUSINESS WIRE)--Arceo.ai, the industry-first provider of cyber resilience solutions, today emerged from stealth with the debut of a unique platform that enables insurance carriers to automate and enhance their cyber insurance solutions, while increasing the security of their insureds.