Cerchia, a Swiss fintech firm, has facilitated the first cyber trade using the PCS Global Cyber industry-loss index trigger. This is considered a milestone in reinsurance, insurance-linked securities (ILS) and risk transfer markets. The trade addresses the growing threat of disastrous losses from cyber events. Cerchia’s platform, which now incorporates the PCS Global Cyber industry loss index, allows companies to directly place bids for coverage. A California wildfire trade has also been completed on the platform.
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Group-IB’s Threat Intelligence and Defence Centre Equip Undergraduates with Sophisticated Cybersecurity Technologies to Boost Threat Analysis and Enhance Cyber Resilience for Campus Start-ups
Hey there from the heart of the San Francisco Bay Area! It’s an absolute pleasure to have you back again for our chat on some