In the WEF survey, 98% of financial services firms worldwide indicated that they had already invested in cloud computing and encryption and cyber security, and most were investing in big data analytics and IoT as well. More than half (62%) of respondents mentioned using AR and VR. 5G will make all these applications easier, more capable, and more reliable.

Pie offers insurance to SMBs, including workers’ comp and cyber coverage. Why is Pie acquiring a carrier? This is the first step toward becoming a full-stack insurtech across the US—Pie will be able to underwrite its own policies and take a larger slice of the premiums in three key markets.

Moreover, Canadian insurers’ regulatory burden will expand in new directions with increased focus on areas such as data protection and cyber risk. Accordingly, acquiring the tools to automate compliance will be prioritized. Methodology.

What’s next: Fallout from both SolarWinds and the recent alleged Chinese hacking campaign has fueled calls for a retaliatory US government response. 2019 changes to the Defense Authorization Act allow US Cyber Command to “defend forward” by operating outside of US networks, making it easier for the US government to gather intelligence and retaliate.

On-time delivery rates during the peak Cyber Five period—Thanksgiving Day through Cyber Monday—were 96.7% for UPS, 95.1% for FedEx, and 93.2% for USPS. During the week of Christmas, on-time rates were 97.6% for UPS, 96.5% for FedEx, and 94.7% for USPS. While these levels were down slightly from 2019, they were surprisingly strong considering the unique challenges of 2020.

The Cyber 5 set new US ecommerce records but still fell short of the massive expectations fueled by the pandemic—here’s why. US digital ad spend will make up 51% of total ad dollars, a 'bright spot' in 2020.

What is now the moniker of one of the biggest shopping holidays of the year was coined by members of the organization and its then-executive director Scott Silverman. eMarketer principal analyst Andrew Lipsman spoke with Silverman—who has since co-founded the CommerceNext retail conference—about Cyber Monday’s early days, how the media initially misinterpreted the big shopping event, and what retailers

Pie Insurance offers coverage ranging from workers' compensation to cyber risk directly to SMBs and through more than 1,000 agencies nationwide. It will use the funding to invest further in its tech and add new business offerings this year. Last year’s rapid growth has piqued investor attention in SMB-focused insurtechs.