Month: April 2021

Do businesses need cyber insurance, downtime insurance, or both?

The demand for cyber insurance has rapidly increased over the last decade. As digital transformation has become a top priority for businesses, cyber policies are now considered a real-world necessity, rather than a luxury purchase. Over the past year, cybercriminals have taken advantage of the pandemic, upping their attacks and exploiting security gaps that are …

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Case study: How Azure downtime triggered parametric insurance policy

Microsoft Azure had a major downtime event on April 1, 2021 which affected their East US and Central regions. Companies running their production systems on one of these services had no service availability for nearly two hours. This extended outage directly affected a Parametrix customer with mission-critical systems on Azure’s East US regions. This technology …

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