News

OECD Report : Supporting an Effective Cyber Insurance Market

29/05/2017 10:51
The increasing use of and dependence on information technology in economic activities - while creating significant benefits in terms of productivity and efficiency - is also leading to significant...

Cyber insurance market slow to develop: Allianz executive

27/05/2017 08:15
The tiny market for cyber insurance has been slower to develop than generally anticipated, a member of Allianz's board said in an interview. The European market for cyber insurance currently has a...

Cyber insurance policies expected to become more similar in next few years: CIFF speaker

27/05/2017 07:46
A lot more convergence in cyber insurance policies is expected within the next few years as policies, exclusions and wording get tested and case law develops, John Elb suggested Wednesday during a...

Dealing with cyber breaches in the supply chain

24/05/2017 11:42
Given that many multinational corporations have a presence in both developed and emerging markets, it is imperative that they have a robust and well maintained supply chain management structure...

FTSE 100 Companies Could Face Up to £5 Billion a Year in Fines When GDPR Tsunami Hits Our Shores

22/05/2017 06:52
LONDON--(BUSINESS WIRE)--FTSE 100 companies could face fines of up to £5 billion a year if they don’t comply with the EU General Data Protection Regulation (GDPR), according to analysis by...

Node International appoints Charles Taylor to bolster cyber insurance services

21/05/2017 09:38
Charles Taylor Insurance Services has been appointed by cyber-MGA Node International to deliver an end-to-end operations and administration management service. Under the arrangement, Node...

“Slow but steady” trend in take-up rates among U.S. cyber insurance clients: Council of Insurance Agents & Brokers

21/05/2017 09:16
There is a “slow but steady” trend in take-up rates among cyber insurance clients and prices continue to stabilize, according to a recent survey from the Council of Insurance Agents & Brokers...

WannaCry was the first true cyber catastrophe event: RMS

21/05/2017 09:14
RMS cyber risk management expert, Tom Harvey, called the recent WannaCry ransomware attack that hit businesses across the globe the world’s “first ever cyber-catastrophe,” he told Reinsurance News it...

Brokers report surge in cyber demand

18/05/2017 06:55
Cyber insurance brokers reported a spike in calls from clients seeking cover following the WannaCrypt ransomware attack that hit 150 countries over the weekend. An increasing number of firms...

Global attacks spur demand for cyber insurance, says Fitch Ratings

17/05/2017 11:58
KUALA LUMPUR (May 16): Fitch Ratings said the slew of recent ransomware attacks in over 150 countries has revealed the widening scope of corporations' cyber risk exposures, which is likely to...

Cyber Insurance Boom on the Horizon

17/05/2017 11:54
The most recent global attack has prompted many in the industry to bet on the rapid growth of cyber insurance. Some predict the market will eventually overtake car insurance.   While the global...

Interview: Gemalto's Rana Gupta talks secure breaches, encryption and cyber attacks

16/05/2017 09:42
Your company's information is always at risk of being stolen, but what if that stolen information is encrypted - and worthless to hackers?  We talked to Rana Gupta, Gemalto’s vice president of...

What to do in the first 24 hours after a cyber-attack

15/05/2017 22:04
As you will no doubt have seen in the news, there has recently been a global outbreak of ransomware which has hit more than 200,000 victims in 150 countries, with the NHS being the most high-profile...
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