Progress Software, the firm behind MOVEit file transfer software, is to seek a full payout of its $15m cyber insurance policy following a security breach that affected major organizations. A claim relating to a previous incident has already been paid. Experts predict that continual high-value payouts will result in premiums rising and coverage requirements becoming more rigorous, as insurers are driven to increase revenues to balance loss ratios. A knock-on effect of this trend has been closer collaboration between insurers and policy holders to help shape risk profiles.
![](https://healsecurity.com/wp-content/uploads/2024/07/group-ibs-threat-intelligence-and-defence-centre-equip-undergraduates-with-sophisticated.jpg)
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