Cyber catastrophe bonds, which are issued to protect against financial losses following a major cyberattack, are increasingly seen as an attractive new asset class. Companies such as Beazley and Axis Capital are looking to raise hundreds of millions of dollars through this type of risk transfer, which can provide higher returns than traditional debt instruments. However, investing in this sector carries high risks due to limited historical data and the evolving nature of cyber crime.
Verily Faces Lawsuit Over Alleged HIPAA Violations
John Blacksmith reports: Verily, owned by Alphabet, is facing a lawsuit filed by an ex-employee who alleges the misuse of the personally identifiable health information
