Q1 2024 Sets Record for Most Global Ransomware Attacks in a First Quarter: New Corvus Insurance Ransomware Report
An unprecedented 18 new ransomware leak sites emerged over Q1, bringing the total number for the quarter to 60
Corvus has had a surge of growth with sharply increased revenues.
We can’t believe spring is already here! We’ve been launching products, opening new offices, and pushing our technology to new heights.
BOSTON, MA September 16, 2020 / Corvus Insurance, a leading provider of smart commercial insurance products powered by AI-driven risk data, has had a surge of growth with sharply increased revenues.
On the heels of this accelerated growth, Corvus has made notable senior hires in order to properly scale to meet market demands. The appointment of Sam Kramer as VP of Reinsurance, Jocelyn Getson as VP of Enterprise, and Dana Ross-Paige as the VP of Risk Capital, are the latest in a series of prominent hires this year.
Corvus makes insurance smarter by applying findings from new data sources analyzed with AI techniques like machine learning. The CrowBar, Corvus’ digital platform, delivers novel insights and a quote experience purpose-built for brokers and policyholders while leveraging innovations such as the Corvus Scan, dynamic vulnerability alerts, and pre-breach services. The CrowBar also helps brokers and insureds with benchmarking, ransomware cost calculations, and other risk management services to better defend policyholders’ IT infrastructure.
Corvus has informed thousands of its policyholders of specific vulnerabilities related to ransomware and other threats. The majority of policyholders have been subsequently able to address these vulnerabilities and thereby better defend their IT infrastructure.
“The choice to work with Corvus is consistent with our business goals around cyber,” commented Akhil Chopra, Managing Director and Head of Cyber at broker NFP. “The underwriting and onboarding process is seamless and efficient and provides an ideal solution for our clients. We’re delighted to have them as one of our trusted partners.”
“We’re thrilled that our unique technologies and solutions are getting recognition in the industry, and making organizations safer from cyber hacks,” said Philip Edmundson, Founder and CEO of Corvus Insurance. “We’re looking forward to continuing to build on such a momentous year with an expanded team and a growing list of clients.”