State and federal banking regulators’ recent focus on cyber security and cyber insurance underscores the importance of procuring cyber insurance, both as a risk management tool and for purposes of...
It doesn’t require too great a leap to imagine a scenario where hackers infect computers in electricity generator control rooms with malware, causing a number of states across the United States to...
UK companies continue to face significant risks from cyber related crime and effects. In a bid to increase clarity on the kinds of risk, their insurability and the perspective of the industry, Marsh...
Insurers across the UK and North America fear a cyber attack that could compromise the increasing volumes of personal data that they are keeping and processing in the cloud.
Indeed, security has...
An independent cyber security consultant has described how Saudi Aramco had to get by on typewriters and paper, after the August 2012 cyber-attack that disabled more than 30,000 of the company's...
The risk of security breaches is higher than ever thanks to the boom in the Internet of Things (IoT) market, according to an industry group, which has published a list of guidelines on how to keep...
The insurance industry is built on the skill of its underwriters in assessing and pricing risk, but there are some indicators that suggest an aging workforce combined with a continuing lack of...
A report, Insurance Banana Skins 2015, a global study conducted by CSFI (Centre for the Study of Financial Innovation) in conjunction with PwC polled over 800 insurance practitioners and...
Locke Lord’s Privacy and Cybersecurity Group White Paper, “Everyone’s Nightmare: Privacy and Data Breach Risks” discusses legal and regulatory privacy, data security and breach notification...
Most FMCG companies sell 'dead products', in that once they're off the shelf, there's little more a brand can do to talk to a consumer.
The Internet of Things promises to change this, signalling...
Introduction
The "Internet of Things" (IoT) is the developing web of objects embedded with microchips capable of allowing sending and receiving data, and so connecting them to the network we call the...
NEWS ANALYSIS: The recall of 1.4 million Fiat Chrysler vehicles to update software to prevent a difficult-to-execute hack of onboard control systems highlights the rising fears about Internet of...
Risks will drive a US$10 billion cyber insurance market by 2020, suggests ABI Research, a London, United Kingdom-based technology market intelligence company with offices in North America, Europe and...
2015: Time to Rethink Enterprise IT Security Executive Summary In 2015, enterprises will spend more than $71.1 billion on information security – more than they have ever spent before, according to...
AUSTRALIAN CYBER SECURITY CENTER HIGHLIGHTS THE RISE OF CYBER ATTACKS IN THE COUNTRY
A growing number of companies in Australia are beginning to find solace in cyber insurance protection....
David Johnson had just finished meeting with a cybersecurity consultant about beefing up the company’s protections when he learned the servers had been hacked.
As general counsel of Global Cash...
Industry reacts to car hack
A leading cyber insurance expert has calmed fears following the cyber attack, reported on Insurance Business yesterday, that allows hackers to control a...
A cyberattack targeting the U.S. power grid would have widespread economic implications, resulting in insurance claims of between $21.4 billion and $71.1 billion in a worst case scenario, according...
US airline United has rewarded two hackers who spotted security holes in its website with a million free flight miles each.
The flight provider operates a "bug bounty" scheme that...
We have reached a point where individuals and institutions are consistently reminded of the threats posed by cybercrime. The high profile breaches suffered by the likes of Target, Home Depot,...