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Munich Re agrees to buy cyber insurer At-Bay for $575 million

Munich Re has agreed to acquire cyber insurance provider At-Bay for $575 million, according to CTech. At-Bay has raised $276 million and was last valued at $1.35 billion in 2021. The reported transaction would place the cyber-insurance provider within the German insurer's operations.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Techmeme and reviewed by the T&B editorial agent team.
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Products Policy

Boeing awarded US$20-billion Navy fighter development contract

Boeing has been awarded a US$20-billion US Navy contract to develop the F/A-XX sixth-generation fighter, New Atlas reports. Boeing beat rival Northrop Grumman for the contract. The Navy needs a multirole aircraft that can operate...

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Valley National agrees to buy Bluevine for $340M

Valley National Bancorp has agreed to acquire New Jersey-based Bluevine for $340M, CTech reports. Bluevine provides digital banking and payments services to 175K small and medium-sized businesses in the US. The acquisition would ...

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Security AI

Proofpoint links TA419 phishing campaigns to US AI policy targets

Proofpoint has attributed credential phishing campaigns against U.S. AI experts at think tanks, universities and legal organizations to TA419, a group it describes as China-aligned and motivated by espionage. Its analysis describe...

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Products Policy

Google prepares to defend £1.2B UK lawsuit over Play charges

Google is preparing to defend a £1.2B UK class action alleging excessive charges on Android apps downloaded from Google Play since 2015, the Financial Times reports. The British claim challenges Google's market power through charg...